So, today went a little better than yesterday as far as getting rolling in the morning. I was up at 4:20 a.m. and proceeded to waste about an hour before getting out of bed. Once I finally got up and rolling, I went to the basement and put in 22 minutes on my exercise bike, did some really light bench press, and then went outside for a 1 mile run in around 9 and a half minutes. Headed upstairs for my shower around 6:30, got ready and headed off to work.
Traffic this morning was extremely light, which was a welcome change. I was in the office by 7:40 and read through several email before heading off to an 8 a.m. meeting. Today was jammed with meetings, mostly because I am going to be out tomorrow so they were trying to get as much stuff done today as possible I think. Kung Pao chicken at the work cafeteria, not very good.
Made several investments/trades today in my portfolios. I should say that I did that after getting my E-Trade account opened since I deleted my two-factor identification thing from my phone. I realized how badly the stupid games on my phone are keeping me from achieving the way I want to, so they had to go and I accidentally got the two-factor identification system as well.
Re-opened all of my options trades today that closed out last week. Sold a cash covered put in $NYT for $.49 for the August 16th $33 put and a cash covered put in $INTC for $.73 for the August 16th $48 put. Basically, as long as the stocks aren’t below those prices at the close on August 16th I will keep the $111 that went into my account today and walk away with nothing. If the stocks close below those prices, I will have to buy 100 shares of the stock at the price I sold the put (if $NYT closes at $29 I will have to pay someone $33 for the shares, so I would lose big time in that scenario).
I also sold call options on three stocks that I own 100 or more shares in. Sold a $22.50 call in $CLW for August 16th for $.15 and sold a $24 call in $COG for August 16th for $.18. I sold a $37.50 call in $KHC for September 20th for $.13. If any of the stocks close above those call option prices I will have to deliver my 100 shares at the call price, if they close below the call prices I will keep the $29 I collected today plus my 100 shares of each stock.
Lastly, today I started a new investing idea I have been working on for stocks that are trading well outside of their normal range. $COG has been getting hammered, I know this because I already own 100 shares, as it has dropped from $27.2 to about $22 right now. I’m still up on the trade by about 2.5% because I have collected significant amounts of dividends and been selling call options against my 100 shares for additional income. Well, today I bought an additional 100 shares at $22.4 and immediately sold a $23 call option that closes this week for $.24 so I collected $18.53. So, as of today I am down $.42. If the stock closes above $23 at the end of the week, I will walk away making $75 or about 3.3% in one week. If it doesn’t, I can look to trade next week’s option.
Came home for the night worked on getting some stuff done around the house and now it’s off to bed to read a little, watch another episode of the Blacklist and get ready for my all-day golf outing tomorrow.
Make every day great,