jill...
yes i bought aol at 170, also sold aol 01200 puts with an adjusted cost of 115, was assigned with common at 80...sold the common at 140...more then covered/negated my 170 loss.
dell had a cost basis of 9 on 20k shares, took my profit. still hold 0155 and 0160 puts sold last year for a 288k prem...buy back now at 130 prem...profit to date 158k
closed cnxt and gtw at a loss...offset gains of selling my common....still hold gblx may 40's
positions now are $3.2mil of assignable stock, backed with cash earning 5% ...800k premiums taken in on jan short puts which replaced my common positions...worst case i get my whole portfolio back at a discount and add to cash...best case market rallies close longer term positions, reset with 30-60 day expirations. portfolio flat for year...
losses not bad, when you use same to offset gains, gains not necessarily from stocks, but whatever flows from the k1...
by the way...dell got slammed in early 99...sold my positions in dec99, replaced with jdsu and brcm, which are even now up a great deal...much more then dell..
i post my losses...biggest last year was with hwp assignment at 105...10k shares, should have held but went elsewhere..
so what's your point?
you win, you lose, but as long as you end the year with more then you started you have won...no need to be sick, vomit, whatever, or even to panic...you need to stand on your own two feet, it's your money...sorry i was not available on your week end of panic...i have a life, a very good one, and my stock investments are not the major focus of my life... |
