Investor's Opinion

Portfolio Update and Option Picks

Published: 2010-10-05 20:14:00 EDT by Unknown

An interesting day in my portfolio. With today's bullish performance of the indices, I was stopped out of one position, but not the one I though I would be. Instead of me being stopped out of BRKS, I was stopped out of BAC. My BAC Oct 16 2010 $15.00 put stopped out at $1.50 for a 16% lose before commissions. After the weak movement that occurred on the day I entered the position I started to suspect that this could happen. I am thinking that the trend is changing. I believe I will look into a long call position.

Other possible trades I am looking into are AMD for long puts and AMR, BRCD, and UNG for long calls. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com/

AMD - Advanced Micro Devices, Inc.
AMR - AMR Corp.
BAC - Bank or America Corp.
BRKS - Brooks Automation, Inc.
UNG - United States Natural Gas Fund ETF

Labels: call options, opinion, option picks, put options

Updated: 2010-10-05 20:52:29 EDT