Comments on: Covered Long Stock Positions - DIS & VIP

By: Alex Fotopoulos

Alex Fotopoulos — Fri, 25 Apr 2008 11:56:28 +0000

I love selling puts on POT, but it’s had such a fast run up already, I’m waiting for a pull back. I’d like to see it closer to 160 or even 180 before I sell new options on it. MOO is certainly worth considering, even if it’s only because I like the name.

By: jgoldstein

jgoldstein — Fri, 25 Apr 2008 01:25:43 +0000

Just an FYI regarding ETF’s. I have some naked puts on POT but the ETF that encompasses the DAXglobal Agribusiness Index is MOO. It might be worth looking into as it may be easier trading the index than individual issues in this market. The swings can be pretty intense!

By: Alex Fotopoulos

Alex Fotopoulos — Thu, 24 Apr 2008 10:57:58 +0000

Bill, you are living life as it should be lived now. Congrats!

By: Bill

Bill — Wed, 23 Apr 2008 23:55:50 +0000

Having to work while on the job is certainly crazy talk. I was lucky in my last job. Not only was I a manager and could close my door but the VP I reported to was in Atlanta while I was in Southern California. That was my last job two years ago (I “retired” at 59). Now I just watch my grandaughter and my stock/option portfolio. It’s much more satisfying.

By: Alex Fotopoulos

Alex Fotopoulos — Wed, 23 Apr 2008 16:05:39 +0000

I haven’t sold puts on any ETFs yet, but I think IWM looks like a great find. Decent premiums, good chart, good volume. I’ll start watching it. Since it broke below its 10 and 20 day moving averages today I want to see how it moves tomorrow before I place any orders. At least the 50 day moving average is still holding up.

By: mule65

mule65 — Wed, 23 Apr 2008 12:41:02 +0000

Alex, are you using any ETF’s yet? What do you think about naked puts on IWM? Great way to get safe exposure to small caps.