Investor's Opinion
Portfolio Update and Option Picks
Published: 2010-09-20 19:46:00 EDT by Unknown
With the assignment proceeds available in my account, I have the capital to cover the purchase of 200 shares of CPLP at $7.50. So with that said, I set a trade order this morning to STO two of the December 18 2010 put options on CPLP. This order triggered at $0.30 a contract share. After commission, I pocketed $53.74. Now, if my analysis is correct, CPLP should go up towards $9-$10 in the next month or so. At which time I could buy it back for a few dollars. However, if it does go down below the $7.50 strike, I am more than willing to accept the purchase of 200 shares of CPLP. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
From this point I will define the stock symbols and acronyms I use at the end of my post.
CPLP - Capital Product Partners, LP
SLV - iShares Silver Trust ETF
STO - sell-to-open
Labels: option assignment, option picks, option strategies, put optionsUpdated: 2010-09-20 21:39:37 EDT
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