Tuesday, May 18, 2010

Today's Trades

VE- Veolia is a company I have held for awhile and with the recent downturn in Europe this stock is now at great discount price. Since I wouldn't mind owning a few more shares I sold a May 25 put for .25 today. They are selling for .30 right now so I might sell another one tomorrow if I can get .35 for it. If the stock remains above $25 for the next three days I get to keep the money paid to me for the option, if it dips below $25 I get the stock at a .25 discount per share. It's like selling a limit order as my buddy Paul puts it.

VISN- So if you bought this stock as recommended yesterday you made a quick 5% today! As for me I sold an OCT $2.50 put for .35 today and closed out (bought) my July $5 calls for .15 booking a nice .50 profit!

PVX- This is one of my long term holdings that has doubled for me and continues to pay a great dividend. Today I sold a DEC $5 put for .15 which if put to me would give me the stock at about a 45% discount from today's price

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