| Option | Accounts (Position) |
| SBUX 30OCT2015 50 P | (-2) |
| SWKS 30OCT2015 70 P | (-1) |
No one sees the real pennies working behind the scenes. I may seem lazy, but it's called being smart with my money.
Wednesday, October 28, 2015
Set to Expire: Oct 28th
Wednesday, October 21, 2015
Set to expire: Oct 23, 2015
2) Lost $200 on $SPY long put @ $197.50
| Option | Accounts (Position) |
| AXP 23OCT2015 74.5 P | (1) |
| GILD 23OCT2015 98 P | (-1) |
| KMI 23OCT2015 30 P | (-1) |
| SWKS 23OCT2015 74 P | (-1) |
| V 23OCT2015 65 P | (-1) |
Sunday, October 11, 2015
Life as we make it out to be
Last night at a friend's birthday party, I only knew a few handful of people that I briefly met over the years at her get together functions. I don't know them all that well. Most of the time, I would avoid going as I always feel uncomfortable around a group of acquaintances and new people. It's been a few years since I have been to her house parties. But this time, she texted me and asked so I decided to go for once.
As the night wore on, more and more people showed up to her party (25+ people jammed into her apartment). Yes, she is Miss Popularity. She does have an eclectic group of friends to say the least.
I sat in my corner most of the night... Right in front of the cheese, deli meat, crackers section where I pretended to look busy by eating and taking sips of my drink. A few people came by and chatted briefly for a bit.
Her friend, Brian, is a motorcycle traveler who had been riding America/Canada for the past three years. The only reason he is back in town was an accident last month. He got thrown off his bike going down a ravine onto a soft patch of sand which he lost control of his bike in this rural road in Alberta. He was 5 km away crossing the border to Idaho. The plan was to ride down to Nevada to meet his friend in Vegas as he just did a 3 month road trip visiting Alaska, NWT and Yukon.
I have Brian on my FB so I get to see updates on his travels from time to time and asked him how he was doing? He ended up with three broken ribs, not just cracked, and his collarbone. The doctors were amazed that he was still walking around. They gave him pain killers and sent him packing. No bandages or anything told him it will hurt but heal in time.
Seems like Brian is healing up just fine. His bike was a write off as the assessor saw the mileage on the bike and didn't bother to fix it. I don't think he even got money for the write off from the way he was talking in disappointment.
Brian told me his elaborate plans to travel the world on his bike. He is already planning his next trip down to Central and South America before flying his bike out to Australia -> Asia -> Europe -> Africa. He plans to live in Europe after his expedition for a while before coming back to Vancouver.
I'm amazed at how free spirited he is. Not in the care in the world, just his bike and the places he is to discover. Of course, he is single and nothing to tie himself down to.
Did he win the lottery? I was curious as to how he can afford all this without working.
After I asked, he basically told me he sold everything he had. Both of his parents are gone, so I would assume he had collected a sizable inheritance.
One of the things that caught my attention was he invested in this Alberta oil company that given him great returns. Turns out to be Penn West Petroleum (PWT.TO). He started picking up shares around $10/share and yielding 20% at that time. They went on to split three times all the while paying out a very nice distribution each month. Anyways, he sold out all his shares at the top three years ago before leaving on his adventure. Turns out to be a great move as we all know oil crude has come down significantly.
Money isn't important to Brian. It is only a tool to create your own life. It was nice to catch up with him and seeing another life not in such a conventional way.
My path is very different from his. Work, family, vacation from time to time... Its a routine. I hope someday I can break out of the box I live in and be free.
Wednesday, September 30, 2015
Set to Expire: Oct 2nd
| Option | (Position) |
| (Closed my position for $41 gain) | |
| V 02OCT2015 73 C | (Sold for 20c premium) -1 |
| V 02OCT2015 68.5 P | (Sold for 23c premium) -1 |
Tuesday, September 29, 2015
TD.TO - stock/option trade
This is an example of what I do to try to make a few bucks. Risking $5135.00 to make only $50 in 4 days by buying 100 shares of $TD.TO and selling a covered call.
The only reason I can make this trade is the beauty of no assignment fees at Interactive Brokers. My commissions were $2.50. My net profit is $47.50 resulting 1% gain.
Friday, September 25, 2015
Set to Expire: Sept 25th
| Option | Position |
| GOOG 25SEP2015 655 C (I lose $85) | 1 |
| KO 25SEP2015 39 P (I gain $18) | -1 |
| PEP 25SEP2015 92.5 P (I gain $24 | -1 |
What did I get myself into this week?
- I decided to gamble with another $GOOG CALL that didn't quite work out losing $85.00. OUCH. I also did $AAPL CALL which I ended up with a small gain of a buck after all said and done lol. I thought I had made more but I got my premiums wrong. I think I'll stop with long CALLS.
- Selling PUTS on $KO & $PEP on Monday for a quick turn around profit of $42.00. Tuesday would have given me more premiums. My timing is always off.
- Bought 20 shares of $RCL and sold at end of day for $8 gain.
- Bought 100 shares of $TD.TO @ $51.35 and sold a CALL for $51.50 expiring Sept 25th. If $TD.TO stays above $51.50 today, I will let it assign and gain $49.00 from this short trade.
Wednesday, September 16, 2015
Suck it up and eat my losses!
| Option | Position |
| FIT 18SEP2015 55 C (-395) | 1 |
| SBUX 18SEP2015 62.5 C (-54) | 2 |
| SPY 18SEP2015 208 C (-688) | 6 |
| WMT 18SEP2015 60 P (STC for a smaller loss) | 1 |
| WMT 18SEP2015 72.5 P (I haven't decided yet) | -1 |

