For Week Ending – May 31, 2014:
Today, Monday June 2, I sold a Covered Call Option on
AAL, see details below.
Check out my article on how to use PUTs and
CALLs:
Last week, the world market indices were mixed
with minor Up/Down movements. The Dow
Jones 30 Industrials and S&P 500 continued to inch up to new all time
highs. Here is an article discussing positive
aspects of the U.S.
economy: http://news.yahoo.com/u-factory-activity-expands-further-may-markit-135437328--business.html
Here is the 5 Year Chart comparing the S&P
500 to the Dow Jones 30 Industrials:
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:
Stock Symbol:
Buy Date:
Buy Price:
Target Sell Price:
Here are my Stock SELLs for This Week:
Stock Symbol:
Sell Date:
Sell Price:
Buy Price:
Buy Date:
Here are my Mutual Fund BUYs for This Week:
Fund Symbol:
Buy Date:
Buy Price:
Target Sell Price:
Here are my Option (CALL or PUT) Sells/Buys for This Week:
Option: Sell Covered Call
Stock Symbol: AAL
Sell to Open Date: 6/2/2014
Expiration Date: Jan 17/2015
Strike Price: $41.00
Option Price: $4.28
I originally bought American Airlines stock at
$2.88 /share on Aug. 14, 2013 when it was in bankruptcy (symbol: AAMRQ) as they
emerged from Bankruptcy in 2014, they changed out my shares to the new American
Air stock (AAL) at .7 to 1 basis. Today
(June 2) with AAL shares trading at $41, my return on this investment has been
great. So, I sold this Covered Call
today at a 10% premium over today’s stock price.
Visit www.ultimatestockfinder.com to
download our Stock Evaluator and Mutual Fund Evaluator spreadsheets, read
training articles and check out all our web links for investing information.
StockEvaluator ‘Short List’
‘Short List’ screens using 12 fundamental
value limits that I want to see in a stock before considering it as a possible
buy.
View our training video that shows how to
enter your preferred values for each of these ‘Short List’ screening limits:
View the Stock Evaluator ‘Short List’
screening criteria and target limit values here: http://www.ultimatestockfinder.com/short_list_12_criteria.JPG
Mutual Fund Evaluator ‘Short List’
Download ‘Short List’ here: http://www.ultimatestockfinder.com/mutualfundevaluator_short_list.xls
View the Mutual Fund Evaluator ‘Short List’
screening criteria and target limit values here:
Please remember to send me any other
investing ideas, information or questions that you want to share with the group.
Thanks,
John D.
Disclosure: The author has no positions in any of the
stocks or mutual funds mentioned in this article unless clearly stated above. We
certify that except as cited herein, this is our work product. We received no
compensation or other inducement from any party to produce this article. Please see our full legal disclaimer at: http://www.ultimatestockfinder.com/stockevaluator_disclaimer.html
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