Violent Portfolio: Making Space for Whirlpool

Whirlpool shares have done well along with the market over the past week, offering us the ability to sell calls at $4 and yielding of almost 8% and a an effective short price of $54/share if puts should land in the money. Solid risks worth taking!

Total net investment equals $5,371 or just over 5% of the total portfolio value. Since I don't want to take too much risk, I'm going to assume that options may end in the money and in that case I have an effective investment of about zero, since WHR options will make my short position worth just over $10,000 and the BCO options will potentially be a long position worth just under $6,000. The net result is a net investment of about $1-2,000.

Keep in mind that you buy options in contract lots of x100. So my -200 position is achieved by selling 2 option contracts!

Updated portfolio, with WHR position in bold:

strategy	security	price	Units	Cost	Net
Sell Short	BCOQF	1.6	-200	1	319
Buy	PBKS	7.95	1000	5	-7955
Sell Short	MTB	48.23	-170	5	8194.1
Buy	FMCN	7	1000	5	-7005
Sell Short	SINA	27.5	-365	5	10032.5
Buy Put	FUOVA	1	1000	1	-999
Buy	JAVA	9.15	1000	5	-9155
Short Call	SUQJB	0.05	-1000	1	49
Short Put	SUQVA	0.35	-1000	1	349
Short Put	WHRFU	4	-200	1	799