IRA #3 -- 7/22, Bought 2.4% position in GSK at 42.18/share. Today sold the Nov 45 call options which effectively lowers my per share cost to 41.58/share.
IRA #1, now has a cost basis net of options of 41.76/share. Purchased 6/8/15.
Hillary Clinton Futures Trades Detailed
By Charles R. Babcock
Washington Post Staff Writer
Friday, May 27, 1994; Page A01
"Hillary Rodham Clinton was allowed to order 10 cattle futures contracts, normally a $12,000 investment, in her first commodity trade in 1978 although she had only $1,000 in her account at the time, according to trade records the White House released yesterday.
The computerized records of her trades, which the White House obtained from the Chicago Mercantile Exchange, show for the first time how she was able to turn her initial investment into $6,300 overnight. In about 10 months of trading, she made nearly $100,000, relying heavily on advice from her friend James B. Blair, an experienced futures trader.
The new records also raise the possibility that some of her profits -- as much as $40,000 – came from larger trades ordered by someone else and then shifted to her account, Leo Melamed, a former chairman of the Merc who reviewed the records for the White House, said in an interview. He said the discrepancies in Clinton's records also could have been caused by human error.
Even allocated trades would not necessarily have benefited Clinton, Melamed added. "I have no reason to change my original assessment. Mrs. Clinton violated no rules in the course of her transactions," he said.
Lisa Caputo, Clinton's spokeswoman, said the documents were released yesterday "to give as complete a picture as possible" of her trades. She said Clinton had never before seen them.
Blair, who urged Clinton to enter the high-risk futures market and ordered most of her trades, said in a recent interview that he "talked her into" her first futures trade in October 1978 before paperwork on her account was completed. It was liquidated quickly, he recalled, because "it was bigger than she wanted and required more money."
IRA upped its position from .4% to 1.44% today in COP at 52.25/share. The dividend yield is 5.66%.
Thankfully I'm out of cash until August options expire in 4 weeks. How low does COP go?
I'm not that confident. I was surprised when they raised their dividend one cent this quarter. I don't mind cheap fuel since I'm a consumer.
Lots of money to be made shorting my stocks this year at least.
But shorting stocks that yield over 5% can get expensive.
Personally I like to own oil going into hop picking which starts next month If you saw our fuel bill you'd know why.
"second-quarter net income of $1.2 billion or $1.38 per share, down 8 percent from $1.3 billion or $1.43 per share a year earlier."
Down under 95 again.
UA earned $.07/share and is up $8 to over 97. Go figure.
OK-It's all part of our insurance division's assets-- Investments in equity securities were $115 billion at the end of 2014.
IBM is part of our BRK float, thus we sell insurance against it and collect premiums which eventually work out to profits. Buying back BRK also means less capital and selling less insurance. HC, you cant have it both ways.
Buffett knows what's up.
Most of my accounts have 5-10% of their value in IBM and I'll be buying more via the dividends received.
I did sell some last year for tax reasons but now I'm looking to buy more.
I looked at IBM puts today and they still don't pencil out even with today's selloff-- IBM Oct 2015 150.000 put.. You'll only earn a little over 1% in 3 months but if you're willing to borrow $$$ against the farm in order to buy IBM at 150 then 1%/quarter looks ok.
I love IBM's free cash flow figures which is why I own he stock in all my accounts. If I could earn 2% selling the above puts I'd sell some maybe net week.