I put a limit order in to sell covered calls on Cisco (CSCO) back on October 23rd in my IRA. While CSCO was trading at 33.03 my order for three December 35 covered calls hit and I received 257.74 after commissions. I’m still trying to wean myself from selling options in my IRA, but see no reason…
Month: October 2007
Is TD Ameritrade Izone Worth the Savings?
Discount broker TD Ameritrade (AMTD) has an online only division called Izone that I have never seen advertised but have heard about on various other blogs and forums. It is a little closer to a deep discount broker than the regular TD Ameritrade I use. I’ve been trying to find a list that compares their differences and…
My Adobe (ADBE) House
I bought my covered calls back in my IRA on ADBE. I took a loss on the calls themselves, but have a better gain on the underlying stock. I like ADBE fundamentally and technically. The chart below shows the trend lines ADBE has been bouncing between. I also think the horizontal line just above 46 will continue to show…
Powershares QQQ Trust (QQQQ) – October 26, 2007 – Weekly Chart
The last time I charted the QQQQ I was close to dead on. That’s been nearly two months so I figured I should try my luck again. This time I drew the weekly one year chart. Two months ago I said the QQQQ was due for a slight pull back before continuing its bull run. It pulled…
Marathon Oil (MRO) crushes through ceiling
Check out the stock chart for MRO below. 60 has been a key mark over the past six months as you can see from where I circled the points in red. Today, circled in green is the point where MRO has broken that trend. That could mean MRO is ready for another run towards new…
NVDA Falls and I Sell Naked Puts
I watch Mad Money about once per week these days. I happened to catch Jim Cramer’s episode at the beginning of last week when he said this about Nvidia (NVDA): “Nvidia has come up with the single best killer chip. That’s why every time that stock is down, I use that as the chip of…
Misleading Headlines – Read the Full Story
I checked the futures this morning and saw the markets were headed higher as Motorola (MOT) helped lead the way. Since I sold five naked puts on MOT worth nearly $10,000 in underlying value (12% of my account balance) last week and was in the money on them after yesterday’s close I was excited to see such…
Good Debt and Bad Debt Planning
The debate over good debt and bad debt may never be agreed upon. Pick any day and you can find an article written about the benefits of borrowing money to fund certain major purchases such as a mortgage for a house or a loan for a car or something more frivolous. I’m adding to the articles that do not think debt…
AXE Misses Estimates
Anixiter International (AXE) is taking a beating this morning during its earnings call. 3Q income declined by 15%. They plan for more of a slow down in Q4 too. The stock was down by over $6. While my November 75 naked put is still out of the money, I decided to cut my potential losses…