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Month: February 2008
S&P 500 Chart – February 15, 2008
I’m taking the rare break to pat myself on the back today. If you look at last weekend’s chart of the S&P 500 ($INX) you’ll see I drew the line that acted as a floor and a ceiling again this week and (out of shear luck maybe) the $INX closed at 1,349.99. I predicted 1350 as the near…
February Options Expiration
I’ve talked a lot lately about my bad trades, but I am taking a moment to reflect on the good which is most of what I’ve had the past few weeks. It’s just that one bad trade can beat out a few good trades. It continues to be a numbers game with my trading model. I…
NVDA Option Assignment
I’m glad I was planning to take the NVDA 32.50 naked put option assignment. Someone pulled the trigger on me yesterday, so the shares were assigned this morning. I received this email from TD Ameritrade: You have recently been assigned the following option position: 4 UVANZ I have been surprised this wasn’t assigned earlier considering the…
BA and NVDA – What Now?
I rolled the dice with BA and waited for it to pull back before tomorrow’s expiration, but it went the other way, but only briefly. I was training an assistant this morning when my trade trigger alert hit my cell phone. I figured she was cool enough not to mind the break from training, so…
ADBE trade
I’m sick today, so short on details… Yesterday while ADBE was making a run, I bought back my two February 35 calls (AEQBG) for a profit of $7. I though it might pull back some before Friday’s close, but didn’t feel the risk was worth waiting since I had other naked calls for March 35 too. I…
Apple (AAPL) Stock Chart
My sanity was questioned in some comments last week when I sold a naked put on AAPL. The charge might be fair, but not because of this trade. I charted it again today during lunch. On the left side of the chart you can see volume by price. It shows the heaviest volume between 120…
S&P 500 Chart – February 8, 2008
OK, I’m a stock nerd – I enjoyed charting the S&P 500 ($INX) today. This is a six month chart of daily price action. I might have gone line crazy. That’s why I removed the moving averages. I had enough lines to tell this story. The top line is the longer term trend line of lower highs. …
Covered SFLY Short Position
Two weeks ago I sold five naked calls on Shutterfly (SFLY) for $1. I got the idea from Barron’s and after charting the stock and thinking how bearish the overall market was, especially for consumers I sold the calls. On Thursday I put an order in to buy these March calls back if it went down…