Gut Check:
- Seriously thinking of shorting FB!
- Holding on all stocks -- No useful short-term calls I can write at the moment, compared to the risk.
- DNDN is climbing upward slowly. Can't write any useful safe options except maybe a November call on 14.00 for a slightly more than 2% return. I might still end up doing something like that. I think I'll give it till the end of the options period. If I'm paralyzed by low prices, I'll write a safe but farther-ahead call. If the price goes up... well, I'd be out and up a bit. Not 2%/month, but at least I'll be out of the position.
- PCX could be busted down to nothing -- there's even talk of bankruptcy, or at least cash flow problems. Still, stock might inch up a bit. Same situation as DNDN -- nothing useful to write now.
- RENN could climb back up a bit while FB slides down. Will wait.
- YPF: I could write a ~1% ROI covered call for Strike 15.00, but there's no point. I might as well wait for the 12.50 Strike to reach a price where I can sell a call on it and still come out ahead. In any case, if the new administration pays out dividends similar to what the company used to do, then there's no hurry and I can just hold.
- Overall I feel paralyzed by inaction, but also anxious to make even a bit of money. Still aiming for 2%/month, but feeling foolish about the risk and I would feel really bad if I lost money making bad bets.
- Very long-term Calls with Strike Prices on or above what I paid for the stock, are another option I need to start looking at. Better safe than sorry?
- I played with too-volatile stocks, and now I have to deal with idle money, and possibly never liquidating them.
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