January 14th: Ed’s Daily IRA Summary   2 comments

AAPL: 9.01 to $544.74 ( 1.68% , 1.03% overall)– bought at $539.21
EC: 0.14 to $35.45 ( 0.40% , -3.67% overall)– bought at $36.80
GNW: 0.20 to $16.44 ( 1.23% , 75.45% overall)– bought at $9.37
GWPH: 1.07 to $50.80 ( 2.15% , 54.17% overall)– bought at $32.95
NNVC: 0.26 to $5.34 ( 5.12% , 110.24% overall)– bought at $2.54
PVCT: 0.03 to $2.72 ( 1.12% , 192.47% overall)– bought at $0.93
SIRI: 0.02 to $3.69 ( 0.54% , -1.07% overall)– bought at $3.73
SPXU: -0.52 to $15.28 ( -3.29% , -3.35% overall)– bought/dollar cost averaged at $15.74 today
YHOO: 1.12 to $41.11 ( 2.80% , 52.94% overall)– bought at $26.88

OVERALL: +1.05%

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Posted January 14, 2014 by edmcgon in Open Thread, Portfolio

2 responses to “January 14th: Ed’s Daily IRA Summary

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  1. Just an example on using covered calls around a core position. I’ve owned BTU for a while since I got stuck with it in 2012 around $26.50. I averaged down in early 2013 to get my basis down to $23.79. In 2013, I made $2.68 on calls alone on the full position (to keep the math simple I assumed I had bought the shares I bought in early 2013 on Jan 1). I also made the dividends too which were .34. Altogether, that’s $3.02 or 12.7% (on my basis) for a stock that I’m still underwater in. 2014 is young and I’ve already made .67 in calls so far.

    A similar situation on ACI yielded .46 in calls which is about 11% at current price or about 6% on my basis. I got stuck on this one for a while and then the premiums on the calls weren’t great so I spent most of 2013 not trading the calls.

  2. daily p/c ratio and volume

    DIA: .70, 36.7K
    QQQ: 1.19, 450
    SPY: 1.47, 1.27MIL
    IWM: 1.74, 259K

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