Once again I’m back in on Monsanto (MON). I’ve sold multiple naked puts on MON over the past year and now that it has pulled back from its recent highs, I’m back in again with the hopes that it will help grow my account some more. While MON was trading at 119.48, I sold one…
Month: May 2008
Sold Naked Puts on AAPL, Again
I got out too early last time around and now that Apple (AAPL) has gone up another $50, I’m back in. While AAPL was trading at $183.24, I sold one AAPL June 170 naked put (APVRN) and received $449.25 after commissions. My reasoning was simple. Earnings were already out and good and the chart didn’t…
Dow Jones Industrial Average ($DJI) Chart – May 2, 2008
I’m back to charting the Dow Jones (aka “DJIA” or symbol “$DJI”) today. It finally broke above 13,000 and even stayed above it on Friday. That put the DJIA above the line of resistance at 13k and since I last charted the DJIA, it broke the lower resistance around 12,700. You can see a new upward…
Shutterfly (SFLY) Misses on Revenue
Is it bad form to quote myself? When I wrote about SFLY a couple of days ago I said “I wouldn’t be too surprised to see SFLY below 15 by the end of the week.” It opened at 13.37 today, two days after my prediction. Instead of selling calls, I should have bought puts, but then…