Our covered call play (CROX) is slightly negative. We bought 500 shares of CROX and sold 5 September $12.50 calls. This is called a “covered call” because we own the stock we are writing the calls against. A “call” gives the purchaser the right, but not the obligation, to buy our CROX shares anytime [...]
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We came close to being stopped out of CXZ while I was out of town this week, but we’re safe for now. Uranium is in the doldrums with its price declining to $65 a pound over the last month or so from $75 a pound. That has driven uranium exploration company stock prices down, way [...]
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This is a catch up post. Although I made several purchases for the portfolio last week, taxes and family obligations prevented me from making a timely post.
Two areas we haven’t talked much about are agricultural commodities and energy. I do not have to tell anyone what’s happened to the prices for both. Last week we [...]
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