Today is an important day to remember this, a gain or loss is not realized until you exit your position. I’m taking a beating today – down 3%, but only on paper. Out of the 17 positions I have open right now, 11 are down, but I haven’t sold any of these. That means I’ve taken…
Month: November 2007
Sold Naked Puts on HPQ
On Sunday, after reading most of Barron’s, I put in a few limit orders to sell naked puts on some of the stocks I liked from this latest edition. My order on DWA hit on Monday morning bounced up from there. This morning my order to sell Hewlett-Packard (HPQ) naked puts hit while HPQ was…
Selling Options Pays Off – Chart of Quarterly Returns
I thought this was cool. Last night I went back for the past six quarters (it’s counting up through yesterday, 11/6, as this quarter) in Quicken and charted my average annualized return per quarter. The quarter ending 9/06 is when I first started getting back into selling options after focusing in on family and my career and…
Updates
I’m too out of it today to make any trades, unless any of my limit orders hit. My interview went well this morning and I’m waiting for a call back this afternoon from the President to find out the next steps. My wife had a third interview at the same time which also went well. …
Finding Hope in Bad News
Today’s option trade detail is at the bottom of this post, but thought this was cool enough to share first. Check out the x-rays from my neck below. You can see the screws and metal plate from my neck surgery (ACD) in March 2007. I had two disks removed and my vertebrae fused in two spots. The bad…
DJIA ($INDU) Chart – November 2, 2007
Continuing my weekly series of charting a major index, I returned to chart the Dow Jones Industrial Average ($INDU) at the bottom of this post. I charted the past six months of daily price action. Here’s what I notice from the daily six month chart this time: The DJIA is below 10, 20 and 50 day moving averages. That’s not…
Ralph Lauren (RL) Naked Put Options
Kopin Tan wrote about Ralph Lauren (RL) on page M7 in Barron’s October 29th issue. This is one of the few articles they also have availble for free online too. As of his writing, RL was down to 68, well off its highs. Even before this week’s further drop in price Kopin sited the p/e ratio…
Improve Investment returns with opinion of Market Direction
This post is somewhat of a continuation of an earlier post on patience. Every weekend I chart one of the major indices (QQQQ, DJIA, S&P 500) and post about it to give myself an idea of where I think the overall markets might be headed. A few weeks ago I started keeping my opinion of the near-term market…
Month End Summary – October 2007
October was another good month for me in the markets as I maintained my 35% return over the past 12 months. On top of the quite nice gains I had, my wife and I cut expenses at our house tremendously. Almost everything we buy goes on our Amazaon Visa which gives us points towards stuff on Amazon. (Hint…