What we have been up to..

Sorry for being dormant for so long, been travelling way too much to keep posts up.  Probably need to get with new technology and download the mobile client to update while I am on the road.

So, almost all of the calls we have made over the last year have been extremely profitable if you had invested in the equities outright!  So what does that mean, playing the options have proven a bit difficult, partly because of greed and trying to quick-turn profits by buying front-month calls verses sticking to the plan and buying several months out. Case in point, we held the AAPL 250's, 260's and 270's over the past several months.  Unfortunately most were bought a month or two out and we got caught in the antenna debacle, but rolling some forward we were able to stay in the black but not before wiping out most of the profit for the first half.  So lesson learned is lesson one, have a plan and stick to the plan.

So what to do now.  I picked up Green Mountain Coffee Roaster (GCMR) 33.33 calls for January 11 this morning and already making money.  They had a 17% pullback on the SEC inquiry news but were on fire before that.  I was watching on the sidelines as this took off, so for me this is an op to get in on a missed opportunity.  The results of the accusation result in about .03 share issue so I believe the business is still sound and that the pullback is on fear rather than fact.  Buy when everyone is afraid and sell when they are happy...

I have also been buying C Jan 11 4 calls, although I recommend to others to pick up Jan 12 4 calls since there is significant time value and the support around 3.90 has been tremendous.  Earnings are reporting on 19 october so we'll see what's up soon.

Also, been slowing picking up Teekay (TNK) tankers, love the dividend, this is part of my retirement plan.  Recommend researching them and buying on pullbacks.  The have resistance at 13+ so anything below 13 or even 12 is a great buying op.

Until next time, happy trading...

Apple Chart AAPL

It's Friday

Apple was up on low volume, looks like we are getting into the pre-earnings ramp-up.  Should be an interesting week next week.  AAPL reports on 20 July.  The Aug 250's are almost $20, looking to exit north of $30.  Looking for Apple to break above 270 after earnings report.

C broke and stayed above $4 today, let's keep it going.  Jan 11 4 Calls are going to make for a good Christmas.

TNK announced another dividend.  This time .37 per share, gotta love it.  At these prices TNK is one of the highest yielding dividends out there and they just got upgraded!

AEO guided lower on guidance but broke $12 today, keeping the 12.50 calls for August, let's see if expectations are too low and they beat earnings.

DIA 103 July Puts are below $2 again, not a bad ride, up 300% since initial buy recommend and back down, bought, then sold and it would have been a good month.

Happy Trading...

Happy Trading...

Dry Bulk Shipping Info

Rental income from shipping Saudi Arabian crude oil to Japan, the industry's benchmark trade voyage for supertankers, fell below the level Frontline Ltd., the largest operator of the ships, needs to break even on them.


Returns from the route fell 8.4 percent to US$29,953 a day. That's the first time since May 14 that income has dropped below the US$31,100 a day that Hamilton, Bermuda-based Frontline Ltd. said May 21 it requires to make a profit on the carriers.

From Taiwane News:

Frontline, one of my favorite dividend producer's is below 30 right now, this news may be already have been known and driving to the current decline, otherwise expect FRO to drop more...

"Rates are falling by the fixture and nobody knows when owners will hit the brakes," Per Mansson, managing director of shipbroker Nor Ocean Stockholm AB, said in an e-mailed note today. "We will soon get to levels where some owners have no interest in fixing and that means less offers for charterers requirements and hence a new floor will be set."



Income from the Saudi Arabia-to-Japan route has slumped 59 percent in the past 10 sessions, according to the exchange.