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. I stopped letting emotions play a roll in my investing again and accepted some losses…
Month: April 2008
Sold More Shutterfly (SFLY) Naked Calls
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 after commissions. I sold these at twice the price of the first four calls I sold,…
Just Watching for Now
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 and 17.50 and sure enough after I got in a few days ago it climbed…
QQQQ Chart – April 25, 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 just another trend line acting as a ceiling soon, but then I revised my moving…
Selling Naked Calls on SFLY – Accepting Risk
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 term future and dove back in for more. While SFLY was trading at $15.67, I sold…
Current Short and Long Positions
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 buy almost everything where I have naked puts sold. I’m still aiming to only have half…
Sold New FWLT and CELG Naked Puts
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 than I thought it would. I left a little money on the table. The bid/ask…
Covered Long Stock Positions – DIS & VIP
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 was trading (down for the day) at 30.33, I sold three in the…
April Options Expiration
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 upcoming week. That leaves me with the need to start over by figuring out where…