Archive for December, 2005

Update on my real estate for sale

Thursday, December 22nd, 2005

Not many hits on my land for sale. I think it's the holiday season and don't expect too many inquiries until January. The condos are getting decent action but no offers since that first set a few weeks ago.

My call was called

Thursday, December 22nd, 2005

Monday morning my shares of Ebay were gone. The call was exercised so they sold at $45.00. Since I received $1.05 per share for the option, I really sold them at $46.05 per share which is pretty good. I'm hoping to get some google with the money but it just keeps ...

Ebay Covered Call ???

Friday, December 16th, 2005

Well EBAY closed at $45.94 today. I thought that my call would automatically be exercised because it was in the money. Who ever bought my option could have theoretically exercised and bought 500 shares at $45.00 and resold at $45.94 and made $470.00 instantly... But my account still had my shares ...

Update

Wednesday, December 14th, 2005

I countered the offer for the condos but the buyers did not want to come up in price. I think they may have been just sending out a bunch of low offers in hopes that someone would accept them. My St. George land has been on the market for a week ...

Covered call update

Sunday, December 4th, 2005

Well, it's been a rollercoaster with my covered call. Ebay went up to 47 and I would have had to sell my shares at 45 or buy the call back for $2/sh resulting in a loss of $500. However, it seems like Ebay has come back down, it can't seem ...

Condos #2 & #3 and Land #1 & #2 all for sale!

Sunday, December 4th, 2005

Last week I put my two condos on the market. Today I got an offer for them. My friend went to a condo-conversion opening day sale yesterday and they sold out of all of them in under 3 hours. So much for the slow down in the Phoenix market. I'm ...

St. George Land has closed

Thursday, December 1st, 2005

I wired the funds to the title company today and will officially own the St. George land tomorrow. Of course, it will officially be for sale tomorrow also at a higher price!