Updates

Updates to previous posts:

On July 29th I recommended Oasis Petroleum Inc. (OAS) at $16.29 a share. It has never been back to that price and sits at $22.65 (well above my $20 end of year price target). This represents a gain of just under 35%, I have a 3% trailing stop-loss on the stock and will let it continue to run for now.

On June 14th I posted about a simple covered call play on oil futures (USO), the plan was to sell October calls at $36 a share, the purchase price was ~$34 share at the time. I netted a 6.5% premium for my October options (selling them for $2.25). This means my actual sale price is $38.25 a share. So should this stock close above $36 on Friday and below $38.25 I will have come out ahead and turned an 11.7% profit. Currently USO is at $35.60, and November calls would net another 3.75% premium.

On April 23rd I recommended Vale (VALE) a Brazilian mining company. This stock has turned out to be very up and down since that purchase, and at times I have been down quite a lot. I stand by this pick, and fully expect that in the mid-term this stock will show solid returns. So far I am only up 2.77% on this stock.