Archive for: May 2008

May 30, 2008

Closed SPY Calls

Filed under: Finance,Stock Charts,Stock Picks - 30 May 2008

Last Friday I bought a couple of calls on the S&P 500 ETF, SPY.  SPY is having a very hard time crossing its 10 and 20 day moving averages and staying above it.  …

May 28, 2008

Four Good Stock Charts

Filed under: Finance,Stock Charts,Stock Picks - 28 May 2008

I found a good article on charting stocks I thought some of you would like.  You can find it on Investopedia’s site.  They charted AA, siting support at current levels which is what I said it would do …

May 27, 2008

SPY Chart – May 27, 2007

Filed under: Finance,Indices,Stock Charts,Stock Picks - 27 May 2008

I hope everyone had a nice long weekend.  I did.  I’m slow getting back to investing as I busy at work on such a short week.  This is my big play of the week, maybe.  I bought a couple of …

May 23, 2008

2 Trades – Sold KFT Naked Puts + Bought SPY Calls

Filed under: Finance,Indices,Stock Picks - 23 May 2008

I read a bullish article in Barron’s this past weekend on Kraft (KFT) and put a limit in to sell naked puts if it dipped.  The chart showed it had room to come down and any time I see a bullish …

DSX Option Assignment in my IRA

Filed under: Finance,Stock Picks - 23 May 2008

This is one to be happy about.  In my wife’s IRA I bought 200 DSX at 31.15 on May 2nd ($6,239.99 cost) and 45 minutes later sold in the money June 30 covered calls (DSXFF) and received $528.50 after commissions.  …

May 22, 2008

Sold CMI Naked Puts and Added Naked Calls to AA Position

Filed under: Finance,Stock Picks - 22 May 2008

Alcoa (AA) has been slipping since I added to my position on Monday.  AA is still trading above my strike and the chart doesn’t show a break in support yet, but I decided to start hedging my position a little …

May 21, 2008

Sold New QCOM Naked Puts, Again

Filed under: Finance,Stock Picks - 21 May 2008

My last QCOM naked puts expired worthless this past weekend.  I waited a little more than two days to pick my new entry point.  I still like the company and the stock’s 10 day moving average is just above 45 …

May 19, 2008

Sold New AA Naked Puts

Filed under: Finance,Stock Picks - 19 May 2008

As hesitant as I’m trying to be, I don’t want to roll through the rest of May without opening any new positions.  AA caught my eye this morning again.  As a previous winner, I figured AA could work out for …

Portfolio Summary – May 19, 2008

Filed under: Account Summary,Finance - 19 May 2008

I updated my current holdings page. Here’s a screen shot of my account as it stands today.  I only have June options remaining and two long positions which are both covered with call options.  I …

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