Trade Alert: Selling covered calls on LVS and BPO

So, right after the November 2009 Opex, I am selling covered calls in LVS and BPO

Totally exploiting the volatility in Las Vegas Sands by selling the covered calls, just look at the juicy premiums!

OPEX: November 2009 Options Expiration

Yet another nice options expiration this November with both my sold calls on Brookfield Properties corp and Las Vegas Sands expiring worthless.

So nothing fancy, just a quick and easy opex report this time with nothing getting called out.

I keep $242 in premiums and turn around on Monday and sell more options on BPO and LVS.

Trade Alert: Selling covered call in Brookfield properties

On 22nd Sept, I sold a covered call in the BPO (Brookfield properties) position that we have. In this I am trying to reduce my cost basis.

I am selling the Nov 12.5 call to collect $34 in premium.

Trade Alert: Starting Brookfield Properties

On 17th Sept, I am starting an initial position on Brookfields Properties as a value play. The company announced that it is going to buyback stock during the next few months and I want to capture this upside.

On a side note, the market seems to be a lot overextended right now. So initializing any new longs at this point has its inferent risks. I am setting a stop on this at $50 dollar loss level and will watch this closely.

If market sells off in the next week, I might either do a covered call on this as a hedge or sell out ans close this for a small loss.