Archive for: April 2008

April 30, 2008

End of Month Summary – April 2008

Filed under: Account Summary,Indices - 30 Apr 2008

I had another strong month in April.  I’m still unwinding some of the trouble I got in back in January (and earlier).  Although I’m taking some realized losses for those mistakes occasionally, I’m moving forward which is the entire point.  …

April 29, 2008

Sold More Shutterfly (SFLY) Naked Calls

Filed under: Finance,Stock Picks - 29 Apr 2008

So much for sitting on the sideline and watching.  My order for more SFLY naked calls hit this afternoon just before 3:00.  While SFLY was trading around 17.45, my order to sell two SFLY June 17.50 calls (QFYFW).  I received $308.50 …

Just Watching for Now

Filed under: Finance,Stock Picks - 29 Apr 2008

I’ve been sitting back for a few days just watching to find my right entry point for my next trades.  I got in too early on SLFY and knew better.  My whole theory was that it would stay between 14 …

April 26, 2008

QQQQ Chart – April 25, 2008

Filed under: Finance,Indices,Stock Charts - 26 Apr 2008

I didn’t realize how long it had been since I last charted the QQQQ until a reader asked me to chart it again.  I’m glad I did, because this is an interesting chart.  Originally I thought this week would show …

April 24, 2008

Selling Naked Calls on SFLY – Accepting Risk

Filed under: Beginners,Finance,Stock Picks - 24 Apr 2008

A couple of days ago I placed a limit order to sell naked (uncovered) calls on Shutterfly (SFLY).  I’ve profited on SFLY calls twice in the past few months doing the same thing and figured little has changed for it’s near …

Current Short and Long Positions

Filed under: Account Summary,Finance - 24 Apr 2008

Now that April options expiration has settled and I’ve regrouped a little, here’s a screenshot of my current holdings as of this morning, pre-market.  I’m just over half invested of where I want to be, meaning I can afford to …

April 22, 2008

Sold New FWLT and CELG Naked Puts

Filed under: Finance,Stock Picks - 22 Apr 2008

While CELG was at 63.58 I sold one June 60 (LQHRL) and received $274.25 after commissions.  I put the order in pre-market as I thought CELG would fall to its 20 day moving average.  It did and the premium went higher …

Covered Long Stock Positions – DIS & VIP

Filed under: Finance,Stock Picks - 22 Apr 2008

I mentioned my plan yesterday for my long plans and made the trades before lunch on Monday. 

While DIS was trading at 31.44, I sold three in the money covered calls at the June 30 strike (DISFF) and received $692.75.

While VIP …

April 21, 2008

April Options Expiration

Filed under: Account Summary,Finance,Stock Picks - 21 Apr 2008

I didn’t chart an index this weekend because I went camping on my yearly camping trip with friends from college.  That also means I haven’t read Barron’s or any other internet information on market recaps or good picks for the …

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