This week we were able to hit the profit target on our NAB Bull Put Spread, entered on 11th Dec. This trade was entered by selling the 33.50 Jan Puts and buying the 32.50 Jan Puts, collecting an overall gross credit on the trade of 40.5c. This meant that at best, we stood to make… Read More
Over the last two months, we have had several successful bearish pays on BHP Billiton (ASX:BHP), including yesterday’s exit of the Dec 37 / 38 Bear Call Spread (11/12/13). This trade was actually rolled over at the last options expiration, where we had previously held a November 37 / 38 Bear Call. For the initial… Read More
With CSL Limited (CSL.AX) running hard since October options expiration, we have seen a decent improvement in our trade. At options expiry, we opted to roll our calls forward to November 67.00 Calls, collecting an additional $1.41 in call income and maintaining exposure to CSL. Today having closed at a combined price (stock and call)… Read More
Breaking news – the Big Brother housemates cried live on TV and our clients will make 4.3% for 16 days!!
Apparently that happened this week and dominated the news on one particular site – quite why its news and who really cares is beyond me. The whole concept of the show ie having so little to do in your own life, that spending hours watching a group of people in lock down, doing very little,… Read More
Here are some tips on how to diversify your portfolio. If picking the stock market were that easy, you would pick a stock, make a fortune out of it and retire by the age of 20. Fact is, the future is unwritten. We don’t know what the stock market will do tomorrow, or next week,… Read More