Retirement Income

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Currently browsing posts found in January2008


Assigned Apr08 EFTC Puts

January 30th, 2008 at 10:53 am » Comments (0)

This morning I was assigned 3 EFTC Apr08 15 Puts.
I should have rolled these out but have been distracted with other things recently.  ETFC is trading at $4.56 right now.  It is up a little over .40 or more than 10% so far today.  Several directors of the company recently purchased large blocks of ETFC [...]



Sold Calls for Friedman, Billings, Ramsey Group, Inc. - FBR

January 29th, 2008 at 10:56 am » Comments (0)

The limit order I spoke about yesterday hit this morning.  I sold 19 FBR Jun08 5 Calls for $262.75 in an IRA account.  My average basis for these shares is now 6.95.
I keep selling Call options on these shares thereby reducing my basis.  I suspect that one day this stock will rebound, resume paying dividends [...]



Sold Calls for Friedman, Billings, Ramsey Group, Inc. - FBR

January 28th, 2008 at 4:42 pm » Comments (0)

I sold 9 FBR Jun08 5 Calls for $112.25 in two IRA accounts today.  My basis is now 9.49 and 9.55 in the two accounts. 
The charts and watching the daily activity suggested to me that FBR was going to head up a little.  I placed limit orders at .15 for these calls early last week when [...]



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