I began accumulating shares of SDT in October 2012, added more in March 2013, and still more in September. I decided to cut my losses today and sold all shares after they went ex-dividend. Price has been weakening on fundamental concerns and I am unwilling to keep holding as price edges lower.
I am realizing a sizable inventory of losses this month, some of which started a year ago. At present, my loss for November is showing as -3.56 percent of my portfolio value. June, October, and November have been bad months for me and I am showing a loss for the year of -0.99 percent as of tonight. I have enough dividends coming to turn me back to positive for the year, but this is not going to be a good year.
Here is my activity for today:
I booked gains of 1.12 percent of my portfolio value from trading October options. However, I am holding large losses in JCP thinking price is near a bottom and will not sink much farther. I’ve lost $1.00 per share since deciding to hold the position longer, but I am not convinced exiting now is the right move. Hmm.
I am more exposed to JCP than I should be, but I am going to hold on at least another week. I closed a losing position in WFM. My overall exposure to the market is lower than is common for me, but things have been so erratic, I have let exposure roll off and have not been replacing it aggressively.
As of the close today, I am set to make 0.29 percent from trading October options with leverage at 4.67 to 1.
I sold the CLD shares I was put on Friday because they were in the money and I did not trust them to stay in the money.
I booked gains of 1.42 percent of my portfolio value from trading September options.
Positions in BA and WAG went far off plan. WAG rallied farther than expected, but I rolled my short call position up from 52.50 to 55. I took too long to close the losing BA call positions and got out just as price peaked on Thursday. Half the losses went against September and half against October performance.
I am up 0.18 percent from trading October options as of today’s close. My leverage is at roughly 4.24 to 1.
Today’s activity was substantial as I sold calls against several positions I continue to hold.