I completed two trades (1 option/1 equities) trade within the past 2-days. The first trade was an option trade on U.S. Steel (X). On October 15th, I purchased 1 Jan $49.00 call at $2.48 and closed out the position on November 9th for a 47% gain. In the same vein, I was keeping with the metals, so on November 1st, I purchased 100 shares of AK Steel Holding (AKS) at $12.95 per share and sold at $13.91 for a modest 6% gain.
Today, I picked up a small amount of shares in CPFL Energia (CPL) at $72.67 as they go into earnings. There earnings announcement is scheduled for 11 November, so hopefully a nice pop to the stock will be coming, not to mention they have a nice 7% dividend on the stock.
2 comments:
Hello nice blog just saw it today, bears in charge last 2 days, holding Tal -26.41 and Dg -27.54 until fundamentals change. Appreciate any feedback >shy
Nice dividend on TAL as the ex-dividend date is 30 Nov. Interesting play on the shipping market. I've traditionally gone with the shippers themselves like DRYS. I like the DG play as well because in tight economies everyone is looking for a way to save a few bucks and those stores should reap the benefits. Looking at the charts both seem to fall into some resistance in the $30 range. Thanks for commenting
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