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S&P 500: 1,317.11 Change: -0.21%
rjm77me
P&P Score: 99.94   Points: 616.65   Accuracy: 77.28%   Average Pick Score: 0.89   Annual Return: 32.85% (94.05% since 7/16/09)  

rjm77me's Blog : Covered call play

Date January 26, 2011    Comments Comments (2)    Rate this post Recommend This Post (64)   
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Buy SLW on any weakness
Real time at this time trading for 29.82 - days range 29.12 to 29.92

Buy under 29.35 - if it pulls back and sell Feb 31 call now trading at 1.05 +0.12 1.03 1.05 1,144 2,083 - sell at market when you buy SLW - most likey 95 cents - if the stock hits 29.35
This will give down side protection to 28.50 and upside potential $2 profit or 8% return in 23 days.
Please do your own home work
Tags : SLW   RGLD   YGE  

2 Comment(s):

Author rjm77me     Date January 26, 2011 13:18 Abuse this post Report Abuse
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bought YGE at 11.21 and later sold YGE 12 call for 35cents - decnt 2.55 monthly yield
YGE range in last 30 days 10.05 to 11.95
I have held YGE for quite long term and last time sold at 11.59'
I like YGE in solar sector as value play
Author rjm77me     Date January 26, 2011 20:15 Abuse this post Report Abuse
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SLW KEPT GOING UP ALL DAY FROM THE TIME i WROTE THE BLOG. i HAD BOUGHT SOME CALLS YESTERDAY WHICH ARE DOING GOOD
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