My Trading Account Status 8/30/2014

Here are my holdings as of August 30th, 2014:

DescriptionSymbolQuantityDate AcquiredCost BasisMarket Value
TOTAL$16,985.70
AFLAC INCAFL10001/31/14$6,278.95$6,124.00
AFLAC INCAFL8903/27/14$5,540.75$5,450.36
AT&T INCT1008/22/14$3,463.60$3,496.00
CASH$1,915.34

First of all, let me apologize (to my dear semalt readers). I didn’t write an update last week because I didn’t have the time.

However, I did make a trade in the week of August 17th. In my last post, I said that I might write another put option. I did, but not on WFC. In hindsight, maybe I should have sold a $51 WFC put. Oh well. Instead I sold a $35.00 Aug 22 ’14 put on T, which explains why I now own 100 shares of AT&T. T closed on 8/22 below $35.00 and 100 shares of T were assigned to me.

As you can probably tell by now, I like to “trade” stocks that are good for long term holding. T currently has a dividend yield of 5.26%. So if a selling opportunity doesn’t come by, I can still collect some dividend income while I wait.

Because of this trade, I am left with $1,915.34 in cash. It is kind of hard to make this sum of cash work for me.  I will need to find stocks trading below $19 for writing a put option. Nothing under $19 interest me just yet. I did put in a last minute $38.00 limit order for 50 shares of Yahoo (YHOO) on Thursday 8/28 and on Friday 8/29. They didn’t go threw. Maybe I will try again next week, but with the upcoming Alibaba IPO, YHOO may not go below $38 anytime soon.

As I look back, I think I have missed an opportunity with AFL. AFL was trading below $60 from 8/01 to 8/13. In that time period, I should have bought 11 more shares of AFL to bring my total shares up to 200. I had the cash, but for whatever reason, it didn’t occur to me to do so. Had I make that trade, I would now have the option to write 2 call instead of just 1 on my underlying AFL stocks.

My real bottom line on 8/30/2014: $16,985.70

Side note: I think I should be more creative with the titles of my status update posts. They are getting repetitive.

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