Investor's Opinion

Portfolio Update

Published: 2012-06-08 02:05:00 EDT by Unknown

I am a little behind schedule on reporting my portfolio updates. Since my last update, I have changed some of my opinions a little. I have also added to my account so that I have some additional cash to invest.

First, I have restarted auto deposits into my investing account and my IRA. Both of which are under-funded. I especially have a lot of catching up to do in my IRA. However, further information about that is outside the scope of this post.

Second, I STC my puts against FB. The result was that I raked in ~37% profit on that short trade.

Lastly, I then took the profit and the capital that I had pending for one of my other dividend paying stock picks, CNK, and added to my already existing positions of JNJ and PG. I then re-evaluated the chart for CNK and decided to buy a third of the shares I was planning on at the higher price it was currently around. Unfortunately, CNK has declined a little since I BTO the position today. I am still currently satisfied with my positions. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page.

BTO - buy-to-open / bought-to-open
CNK - Cinemark Holdings Inc
FB - Facebook Inc.
IRA - Individual Retirement Account
JNJ - Johnson & Johnson
PNG - Proctor & Gamble Co
STC - sell-to-close / sold-to-close

Labels: diversification, dividend, option picks, stock picks, stock strategies, trade terminology in use

Updated: 2012-06-08 02:07:03 EDT