08-15-2014, 10:00 AM
(This post was last modified: 08-15-2014, 10:05 AM by hendi_alex.)
Portfolio continues to transition to longer term investing income/growth. With recent changes KMI offers more uncertainty, so moved 5/6 into the covered call camp, retaining just under a single weighting in the long term pile. Reduced SDRL by 1/4 but added ESV to drop the risk profile a bit. Added GSK at 1.5X weighting. Added HIMX as growth/value play at 1X weighting. Picked up NAO on the dip and decided to move it to the longer term pile for now. Decided to only mark half of the NAT position as long term with the other half for a trade or CC. Sold excess shares of PWOD at profit to reduce cost basis of retained 1X core position. Doubled TNK which is now slightly above 1.5X weighting. Followed PWB's lead and added WPZ at under $50.
This Portfolio now stands at approximately 50% of overall portfolio. Cash weighting is about 17%. Margin use is about 8% but upcoming infusion of cash will mostly eliminate margin until better opportunity arises. Active covered calls and puts represent just under 35% weighting.
![[Image: ScreenShot2014-08-15at102218AM_zpsf8af81b8.png]](http://i1343.photobucket.com/albums/o794/hendersonag/ScreenShot2014-08-15at102218AM_zpsf8af81b8.png)
I started this portfolio with all positions approximately equally weighted. For now a 1X weighting is considered to be between 3.5%-4.0% actual weighting.
This Portfolio now stands at approximately 50% of overall portfolio. Cash weighting is about 17%. Margin use is about 8% but upcoming infusion of cash will mostly eliminate margin until better opportunity arises. Active covered calls and puts represent just under 35% weighting.
I started this portfolio with all positions approximately equally weighted. For now a 1X weighting is considered to be between 3.5%-4.0% actual weighting.
Alex