Daily Status 2007-11-21
Wednesday, November 21st, 2007Account Value $958.05
Money $24.05
Securities $934.00
As of 2007-11-21 03:00:04 PM PST
Added a EWH call option for Jun 08 @ 22 for $1.95 today. This was set up yesterday evening and it executed today. Too bad I didn’t watch the Hang Seng index before hand because the index took a huge hit. Today’s US market didn’t help with it either. So the trade is currently sitting at a loss. However, I believe the ETF will rebound by Jun 08. This is not a 1+ year option but that’s the longest available. I really do think going up $2 is a piece of cake for EWH. Go Hong Kong! (see screenshot)
More selling equals KBH puts going up and up. It’s near my original first sell target ($2.00). If it passes the all important $20 mark, the price is going to go crazy. I’m contemplating if I should break the sales of the last 2 put options into two orders. Hmm… Let’s not get greedy. I’ll stick with the sell order for both at $2.50 Maybe after Jan 09, I’ll buy some shares for my IRA — yes, long term. KB stands for “Kaufman & Broad”. I remember them supporting KQED (public television channel) when I was in grade school. It seems the companies that support public education tend to be better managed companies overall. So KBH up for long term — but KBH down for short term.
In other news, MVRL will announce the Tuesday (Nov 27, 2007) after Thanks giving Day weekend. Seems some are bullish — enough to buck the down trend today. Options up.