Conservative Account

My strategy will be to select dividend paying securities. Entries will usually be with a Naked Put (NP) when the price of the underlying has pulled back. If I get assigned, I’ll hold the underlying (as long as it is performing well) and write Covered Calls every month or two and collect dividends. If I don’t get assigned, I’ll consider another NP – always keeping track of the dwindling cost basis for the underlying.

This page is devoted to documenting the trades and history of my Conservative Account. This account was started on 11/19/2009. It will be updated as soon as possible after a trade is completed.

History of Trades by Security

20100124-conservative-key

  • Suzanne
    Hi,

    Thanks for the great info you put out.....but I'm just wondering....as I try to learn about NPs.
    Am I missing something or are you adding instead of subtracting when you buy back a put? I.E.: KFT: You sold the Jan 25 for 195, and bot them back for 6. Doesn't that make your net TOTAL $189 instead of $201? Same with LTD. Shouldnt' the net on LTD be $160 instead of $200?
  • Jeff
    Suzanne,

    You are absolutely correct - and thanks for catching the mistake. That's what happens to me when I get carried away with copy/paste. The correction will be posted soon.

    - Jeff
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