August 21st, 2011
Introducing The Rowboat
The system where it is “hard” to lose money
Step 1: Sell the Put (unless stated otherwise, picks should be assumed to be “Limit” and “Good until canceled” GTC).
CLWR@3.01
Sell to Open CLWR September 2011 $3.00 Put for .55c(18.33 % return in 27 days)
Clearwire Corporation (CLWR) provides wireless broadband services. The company builds and operates mobile broadband networks that provide high-speed mobile Internet and residential access services, as well as residential voice services in communities in the United States. It primarily offers fourth generation (4G) and pre – 4G mobile broadband
services under the CLEAR and Clearwire brand names, as well as provides fixed voice over Internet protocol telephony services for homes and offices. The company also leases residential modems, as well as sells modems and personal computer cards. As of December 31, 2010, it primarily served 88 markets in the United States covering an estimated 114.2 million people; and 4 markets in Europe covering an estimated 2.9 million people, as well as had approximately 1.1 million retail and 3.3 million wholesale subscribers in the United States; and 40,000 subscribers in Belgium and Spain. The company markets its products and services directly to consumers, as well as through cellular retailers, consumer electronics stores, satellite television dealers, and computer sales and repair stores. It also markets its products and services through company – operated retail outl ets. The company is headquartered in Kirkland, Washington. Clearwire Corporation is a subsidiary of Sprint HoldCo LLC. This company is in talks for a major merger, which if it goes through will substancially raise the price of this stock. In fact, the chairman of the board and interim CEO just bought 2,755,000 shares, or about $5 million worth of stock, at $1.78 to $1.89 per share.
Why all this interest in reviving a company that has been the source of so many troubled headlines, and considered far be hind in adopting the latest wireless technology? Sprint is in talks with Comcast , Cox , and Cablevision about
a possible investment that would allow Sprint to buy the remaining shares in Clearwire it doesn’t already own. Sprint
and Comcast are already investors in Clearwire with Time Warner Cable and Bright House Networks LLC , who are discussing ways to fund Clearwire in building its high – speed wireless network, a project that will cost roughly $600 million in order to upgrade its network to technology that can compete with AT&T and Verizon Wireless .
As Forbes contributor Joan Lappin of Gramercy Capital Management wrote thuraday August 18th, “everybody
covets that Clearwire spectrum.” Lappin, who owns shares in Clearwire (and says she doubled down hers elf last week), writes that “In round numbers, Clearwire has more spectrum than the combined AT&T and T-Mobile will have if this deal is allowed to fly.”
LULU@ $46.00
Sell to Open LULU September 2011 $40.00 Put for $2.00
(5 % return in 27 days)
Lululemon Athletica Inc., together with its subsidiaries engages in the design,
manufacture, and distribution of athletic apparel and accessories for women, men, and
female youth primarily in Canada, the United States, and Australia. Its apparel
assortments include fitness pants, shorts, tops, and jackets for healthy lifestyle activities,
such as yoga, running, and general fitness. The company
Step 2:
If it got Put to you, now we:
Sell the Covered Call
Nothing got “Put” to us last month
How did we do? / Current Positions
PAY @ $31.66
Last Months Calls expired, so let us sell it again:
Sell to Open Pay October 2011 $42.00 Call @ .90c
History:
We have collected $3.50 in premium’s so far
(8.13% return)05/23/2011 Sell To Open
PAY Jun11 43 Put $1.70
06/17/2011 Buy PAY – Option Assignment
$43.00 06/17/2011 Buy To Close
PAY Jun11 43 Put $0.00
06/20/2011 Sell To Open
PAY Jul11 44 Call $0.75
07/17/2011 Buy To Close
EXPIRED PAY JUL11 44 CALL
07/19/2011 Sell To Open
PAY Aug11 46 Call $1.05
08/21/2011 Buy To Close
EXPIRED PAY AUG11 46 C
ALL
IDCC @ $63.46
Called away @ $48.00

History:

We have collected $4.20 in premium’s so far
(9.54% return) Plus we made $4.00 per share when it was
call away for a total return of
18.36% in 4 months.
08/19/2011 Sell
IDCC – Option Assignment $48.00
08/19/2011 Buy To Close
IDCC Aug11 48 Call
07/18/2011 Sell To Open
IDCC Aug11 48 Call $1.40
07/17/2011 Buy To Close
EXPIRED IDCC JUL11 44 CALL
06/20/2011 Sell To Open
IDCC Jul11 44 Call $0.40
06/19/2011 Buy To Close
EXPIRED IDCC JUN11 45 CALL
$0.00
05/2
3/2011 Sell To Open
IDCC Jun11 45 Call $0.95
05/20/2011 Buy To Close
IDCC May11 44 Put $0.00
05/20/2011 Buy
100 IDCC – Option Assignment $44.00
04/18/2011 Sell To Open
IDCC May11 44 Put $1.45
PAAS @ $30.20
Our Oct 2011 $36.00 Call is still cooking.
History : We have collected $2.85 in premium’s so far
(7.91% return)06/20/2011 Sell To Open
PAAS Oct11 36 Call $0.80
06/19/2011 Buy To Close
EXPIRED PAAS JUN11 36 CALL
$0.00
06/16/2011 PAAS QUALIFIED DIVIDEND $.025
05/23/2011 Sell To Open
PAAS Jun11
36 Call $0.50
05/20/2011 Buy PAAS – Option Assignment
$36.00
05/20/2011 Buy To Close
PAAS May11 36 Put $0.00
04/18/2011 Sell To Open
PAAS May11 36 Put $1.55
MELA @ $2.20
Sell To Open MELA
October
2011 $2.50 Call @ .30c
(+ 7.5% return)
History : W
e have collected $1.75 in premium’s so far
(43.75% return)08/21/2011 Buy To Close
EXPIRED MELA AUG11 2.5
CALL
07/20/2011 Sell To Open
MELA Aug11 2.5 Call $0.25
07/17/2011 Buy To Close
EXPIRED MELA JUL11 3.5
CALL
$0.00
05/23/2011 Sell To Open
MELA Jul11
3.5 Call $0.30
05/22/2011 Buy To Close
EXPIRED MELA MAY11 4 CALL
$0.00
04/19/2011 Sell To Open
MELA May11 4 Call $0.15
04/17/2011 Buy To Close
EXPIRED MELA APR11 5 CALL
$0.00
01/24/2011 Sell To Open
MELA Apr11 5 Call $0.20
12/17/2010 Buy MELA – Option Assignment
$4.00
12/17/2010 Buy To Close
MELA Dec10 4 Put $0.00
11/01/2010 Sell To Open
MELA Dec10 4 Put $0.85
Quote of the Month:
“If past history was all there was to the game, the richest people
would be librarians. “
~
Warren Buffet
Until Next Time
Brad Lee
The Options Oracle

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Disclosure: These are my actual trades Brad Lee AKA “The Options Oracle” and “The Money Medic” is an individual investor who does not manage money for any financial institution.You are purchasing the list of stocks that he uses to select options contracts he feels will return him the highest, safest profits. Brad is not a broker, or financial adviser. He is a remarkable investor who has developed a successful strategy for himself, and is willing to share some of his magic with you. We urge you to paper trade these picks and learn how to develop a strategy that is appropriate for you.Thank You. We make no recommendations on investment and we do not provide financial, tax or legal advice. Content and
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