TM refuses to go down. :-( So I backed out of the trade this AM with a .25 loss. http://finance.yahoo.com/q/bc?s=TM&t=6m&l=off&z=m&q=c&c=
PGN: PGN declared a dividend yesterday which keeps it's payout at 6.3%. http://moneycentral.msn.com/investo...l=pgn&lstStatement=10YearSummary&stmtView=Ann http://finance.yahoo.com/q/is?s=PGN http://finance.yahoo.com/q/ks?s=PGN http://finance.yahoo.com/q/bc?t=2y&s=PGN&l=on&z=m&q=l&c=&c=^DJI Trade: Oct 35/30 bull put spread for 0.60 Yield = 60/440 = 13.6% in 212 days or 23% annuallized. I'll take the stock at 35 if put and collect the dividend and sell calls until called.
TEVA: http://www.forbes.com/2010/03/18/te...ties-pfizer-acquisition.html?partner=yahootix TEVA up $1.18 on the deal. http://finance.yahoo.com/q/bc?s=TEVA&t=2y&l=off&z=m&q=c&c= http://finance.yahoo.com/q/is?s=TEVA&annual http://moneycentral.msn.com/investo...=teva&lstStatement=10YearSummary&stmtView=Ann Trade: Jan2011 45/40 bull put spread for .30 net Yield = 30/470 = 6.4% in 302 days or 7.7% annualized Prob> = 96% Expectation: .96(30) - .02(235) - .007(470) = 18.6 (the poor yield is a function of how much TEVA has run up above support) ................Other expirations for the same spread................. Exp.......Yield......%.......Annualized..............Prob............Expect Sept.......8........1.6%........3.2%..................99.9%............5.4 Jun........(2).........0..............0....................100%.............(2) Apr.........0...........0..............0....................100%..............0
PBCT: http://finance.yahoo.com/q/bc?s=PBCT&t=2y&l=on&z=m&q=l&c= http://finance.yahoo.com/q/pr?s=PBCT http://finance.yahoo.com/q/is?s=PBCT http://moneycentral.msn.com/investo...=PBCT&lstStatement=10YearSummary&stmtView=Ann PBCT pays a dividend of 3.9% Trade: With PBCT at 15.75: Sell the AUG 2010 15 put and buy the AUG 12.5 put for a net of 50 Yield= 50/200 = 25% in 148 days or 62% annualized. I'll take PBCT if put and sell calls until called. Comparing other Expirations: ...Expiration...........Yield.......Days......annualized ....April....................0%.........18...........0% ....May....................6.4%.......53..........44% ....Aug....................25%.......148..........62% ....NOV...................28%........235.........44%
GE: http://finance.yahoo.com/news/GE-expects-substantial-apf-1943645990.html?x=0&.v=2 http://www.marketwatch.com/story/ge-to-buy-back-buffett-preferreds-next-year-2010-12-14?siteid=yhoof http://finance.yahoo.com/q/is?s=GE http://moneycentral.msn.com/investo...ol=GE&lstStatement=10YearSummary&stmtView=Ann http://finance.yahoo.com/q/ks?s=GE+Key+Statistics http://finance.yahoo.com/q/bc?s=GE&t=2y&l=on&z=l&q=l&c= Trade: Sell the GE Jan 2012 12.50 put and buy the Jan 2012 10 put for a net credit of $32 Yield = 32/218 = 14.7% in 403 days or 13.3% annualized Prob = 86% Expectation = .86(32) - .02(218) - .12(109) = 27.5 - 4.4 - 13.1 = 10 = OK
ORCL: http://www.bloomberg.com/news/2010-...r-databases-computer-hardware.html?cmpid=yhoo http://seekingalpha.com/article/242...-second-quarter-exadata-pipeline?source=yahoo http://www.zdnet.com/blog/btl/oracle-launches-cloud-office-eyes-google-microsoft/42783 http://finance.yahoo.com/q/bc?s=ORCL&t=5y&l=on&z=l&q=l&c= ORCL closed at 30.27 Looking at Jan '12 $250 wide bull put spreads: Spread..........Yield..........Ann..........Prob 15/12.50........3.7%.........3.4%........99% 17.50/15........7.3%.........6.6%........96% 20/17.50........11.6%.......10.5%.......90% 22.50/20........16.3%.......14.8%.......82% 25/22.50........30.2%.........27%........70% A much more bullish trade: buy the March 30 call and sell the March 35 call for a net debit of $156 ORCL Price......March Expiration Profit........Gain............Prob .....25....................(156)..........................(100%)............90% .....30....................(156)..........................(100%)............50% .....32......................45...............................28%..............32% .....34......................243............................156%..............18% .....36......................344............................220%................9% .....38......................344............................220%............... 4%