Monday, November 21, 2011

Hanging in there

As the markets continue to drop, my IRA account balance is approaching to my mid October entry level. Have to say that I had a good run and I will continue to hold. I will wait for the bounce back and dividend payout going forward.

Thursday, November 17, 2011

Rollover options to next month

My IRA portfolio is doing ok despite the recent market volatility. I have collected about $1000 dividend payout since mid October and the dividend was reinvested back into the stocks without commission. I have closed all the covered options expiring tomorrow and roll it over to next month to collect more premium. So far it works as planned. New covered options expiring next month are:

2. MCD
3. CVX
4. PM
5. MO
6. JPM

Tuesday, November 1, 2011

Added JPM in my portfolio

The markets dropped big the last two days and I took an opportunity to buy some JPM shares and wrote a covered call option. I just missed the dividend payout last month so I have to wait for 2 more months then.