This Week's Activity – May 24, 2014:
This week I sold a Covered Call Option on EZPW, see details below.
This week, the world market indices were mixed with minor Up/Down movements. Except for the Russia RTSI which was up 6%. Markets are still hopeful that
Russia and will get along. Here is an article discussing their natural
gas stand-off: http://news.yahoo.com/good-chance-moscow-kiev-gas-deal-june-1-185159822.html Ukraine
Here is an article about the newly elected
President: http://www.cnn.com/2014/05/26/world/europe/ukraine-crisis/ Ukraine
Elections were held this week in the European Union countries to elect their representatives to the European Parliament. Several of these countries are not happy with how things are going and elected representatives who will be voting to get out of the EU. This should lead to some lively market activity over the next year. Read more here: http://news.yahoo.com/french-far-earthquake-win-europe-votes-001426328.html
Summary Table of Worldwide Market Index Closing values for this week:
Next Monthly Meeting 2nd Tuesday of Each Month:
Tuesday, June 10, 2014, 7:30 PM at my house.
Here are my Stock BUYs for This Week:
Target Sell Price:
Here are my Stock SELLs for This Week:
Here are my Mutual Fund BUYs for This Week:
Target Sell Price:
Here are my Option (CALL or PUT) Sells/Buys for This Week:
Option: Sell Covered Call on 1,000 shares.
Stock Symbol: EZPW
Sell to Open Date: 5/22/2014
Expiration Date: Jan 17/2015
Strike Price: $12.50
Option Price: $1.25
I originally sold a PUT for EZPW on 11/8/2013 and earned a PUT option premium of $1.30/share. On 11/8/2013 EZPW started the day at $13.79, but ended the day at $11.34, which triggered my PUT to sell. EZPW was finally PUT to me on 3/24/2014 at $12.50/share at which time it was actually selling for $11.37. So, I had to wait patiently for EZPW to come back. On 5/22/2014 EZPW got up to $12.89 which triggered this Covered Call option to sell.
So, I have now made a 10% premium selling the PUT that got me into EZPW and now have made another 10% premium by selling the Call that may get me out.
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StockEvaluator ‘Short List’
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‘Short List’ screens using 12 fundamental value limits that I want to see in a stock before considering it as a possible buy.
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Mutual Fund Evaluator ‘Short List’
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View the Mutual Fund Evaluator ‘Short List’ screening criteria and target limit values here:
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