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Financial Velociraptor

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Financial Velociraptor
Early Retirement
Money, Investing
Start Year:

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Net worth:
Houston, Texas, United States
Life stage:
SINK (Single Income, No Kids)
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Latest Blog Posts

The Celgene diagonal is threatening to have the short call move into the money again. music selection:  “Seasons” — Chris Cornell Celgene (CELG) has been on a tear since I opened a diagonal call on it on 15AUG2017.  I’ve already had to put more money in the trade once and now I’m going to have to do so again.  A real case of First World Problems.  My short call (CELG171013C00145000) was within ...
Posted: Sep 20 2017 @ 1:14 PM
Over the weekend, AFSI and SDLP expired out of the money. music selection:  “Blame Me” — The Pretty Reckless weigh-in:  204.4 +0.0 AFSI is a promising insurance company that is suffering under an accounting scandal.  They recently sold the unit that the irregularities occurred in.  I’m down 9.26% in the trade but hope to recover.  Today I sold AFSI171215C00017500 for 15 cents a share.  The trade will be in force for 89 days ...
Posted: Sep 18 2017 @ 1:52 PM
I’m betting on the death of retail. music selection:  “Velcro Fly” — ZZ Top weigh-in:  204.4 +1.6 – doh! One of the surest trends in the market right now is the shift from brick and mortar to online retail.  The mall based retailers are hardest hit and most are going to zero.  The poster child for this is Sears Holdings (SHLD).  I looked into a short position there but found the pricing was ...
Posted: Sep 11 2017 @ 3:36 PM
ADM and EOG expired over the weekend. music selection:  “Times Of Trouble” — Temple of the Dog Archer Daniels Midland (ADM) covered call expired out of the money on the weekend.  I sold ADM171013C00045000 for 10 cents a share.  The trade will be in force for 39 days and yields a miserable 2.08% annualized.  Including all premiums received, ADM is down 4.04% since 9JUN2017. EOG Resources (EOG) also expired out of the money ...
Posted: Sep 05 2017 @ 12:27 PM
Happy Labor Day (US) everyone! music selection:  “Closer to Fine” — Indigo Girls weigh-in: 202.8 (1.8) ASSETS: Wells Fargo (taxable): This is up 224 dollars on the month to 31,667.  On an annual basis, this account has gained 2,533. Interactive Brokers (taxable): This is up 405 dollars to 307,057.  Year to date the account is up 37,531. Interactive Brokers (tIRA): This is up 4,344 to 157,109.  On an annual basis the account gained 16,892. Checking: Boring old ...
Posted: Sep 04 2017 @ 9:09 AM
Things got a little moist. music selection: NONE.  My internet was down for five days robbing me of Pandora Radio.  This made me a very sad lizard. It has finally stopped raining in Houston (after 26.4 inches per my backyard rain gauge) and things are largely back to normal for me.  I got no water in the house.  I sustained some minor roof and drywall damage that will cost about 100 dollars ...
Posted: Sep 01 2017 @ 4:49 PM
SIRI and PMT were assigned to me over the weekend. music selection:  “Future Foe Scenarios” — Silversun Pickups weigh-in:  204.6 (0.6) – progress I have newly assigned shares of Sirius XM (SIRI) at the 5.50 strike.  This morning, I sold SIRI170929C00005500 for 20 cents a share.  The trade will be in force for 40 days and yields an impressive 33.18% annualized.  I’m high on the long term potential for this name but I’m ...
Posted: Aug 21 2017 @ 1:18 PM
Shares of BX were assigned to me early today. music selection:  “Beast Of Burden” — The Rolling Stones On 17JUL2017, I sold BX170825C00034500 for 90 cents a share.  Shares have moved into the money and I was assigned early this morning.  There isn’t much demand for 34.50 strike covered calls but I took a swing anyway.  I sold BX170922C00034500 for 11 cents a share.  The trade will be in force for 38 ...
Posted: Aug 16 2017 @ 11:25 AM
I opened a diagonal spread on Celgene (CELG). music selection:  “A Stroke Of Luck” — Garbage Celgene is an excellent candidate for a diagonal call.  It is stable with gushing cash flows and robust growth ahead of it due to a stocked full pipeline of promising drugs in Phase III trials.  I’ll leave breaking down the financials and valuation strengths to the Seeking Alpha types.  But I’ll also note there is a ...
Posted: Aug 15 2017 @ 12:58 PM
I sold the UVXY puts. music selection:  “Between Love And Hate” — The Strokes weigh-in:  205.2 +0.2 I originally purchased UVXY190118P00020000 on 8AUG2017 for 10.25 a share.  Volatility soared shortly thereafter on international tensions with North Korea.  I was able to sell today for 11.24 a share.  The trade was in force for a scant 6 days and yields and enormous 587.56% annualized.  For sure, this is not going to be very repeatable ...
Posted: Aug 14 2017 @ 4:11 PM


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