I sold another naked put at the same strike as last week’s trade on FWLT (details here). I was smarter on my original entry point last week and only sold one naked put which allowed me to sell another today while FWLT was down from last week. While FWLT traded at 66.29, I sold one…
Month: March 2008
POT – Is There Anything Better?
Of course I’m talking about Potash Corp of Saskatchwan, Inc (NYSE: POT), the fertilizer and industrial feed company. It’s in the Basic Materials sector and Nonmetallic Mineral Mining Industry. It’s close enough related to MON which I have a position in that I won’t be trading any more Basic Materials companies for a little while to stay…
Good Article from Fortune (money.cnn)
I saw this article on money.cnn and thought it was worth sharing. Basically it highlights the same thing that many of us have read for years – the roaring 80s and 90s won’t be seen again. I take from this yet another reason to follow the naked put selling trading model. If the markets stay…
More VIP Options
I’m already short (I sold) two April 35 puts on VIP. I tried selling April 45 calls, but set my limit to high. I let a lot of cash slip away on that as I watched VIP come off its highs and finally lowered my limit a couple of times and then just went with the…
Dow Jones ($DJI) Chart – February 29, 2008
After charting the S&P 500 ($INX) the past couple of times I moved back to the Dow Jones Industrial Average ($DJI) again this weekend. The charts are very similar as you’d expect. The triangle I had drawn for the S&P 500 a couple of times broke higher one day and then back lower with a vengeance. …
What’s that HUM?
On Tuesday morning while I was starting to get trigger happy as I mentioned a couple of days ago, I turned to thestreet.com and read the summary from Monday’s Mad Money. I was ready to find something new. I listed all of Cramer’s bullish picks and only found a couple I considered met my criteria. Humana…