Option Trading (Renting Stocks) a.k.a. Covered Calls

This blog site is to chronicle my transition from a landlord of real estate to a landlord of stocks. In addition to renting real estate I now also rent stocks to others through the use of Naked Puts and Covered Calls. This is called options trading. I have been able to collect rents of between 1% - 8% per MONTH by renting out the stocks that I own and in some cases even before I own them. The best part is I don't have to deal with ANY tenants or ANYBODY's Problems!

Wednesday, August 5, 2009

Closeouts - 8/3, 8/4 - BHP, NYX, GE

Between Monday and Tuesday I closed out the following trades (sorry for the delay in posting but the inlaws are ALL in from Texas) -

NYX 25 Puts bought back for 22 cents
GE 11 Puts bought back for 17 cents
BHP 50 Puts bought back for 5 cents

All were bought back for a nice profit. The more this market moves up the more I want to be in cash.

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The information and analysis on this site is provided for informational purposes only. Nothing herein should be interpreted as investment advice. Under no circumstances does this information represent a recommendation to buy, sell, or hold any security. Every effort has been made to ensure information presented on this site is accurate. However, none of the information on this site is guaranteed to be correct, and anything written here should be subject to independent verification. You, and you alone, are solely responsible for any investment decisions you make.

Option Trading (Renting Stocks) a.k.a. Covered Calls

Wednesday, August 5, 2009

Closeouts - 8/3, 8/4 - BHP, NYX, GE

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