Archive for: July 2008

Mohawk (MHK) has been falling steadily since the end of May.  I started with two naked puts at the July 65 strike (received $348.50) and chased the profit with two July 65 naked calls (received $148.50).  MHK kept falling, so when …

ETN was down more than $10 this morning.  That’s over 13% down from yesterday’s close.  I planned to wait until after Friday’s options expiration to sell calls on it, but decided I had to cut my losses sooner rather than delay it.   

While Eaton …

I’m charting the oil ETF USO again after I last charted USO at the end of May.  I drew a few trend lines then and as our (those who eat and drive) bad luck …

I saw T. Boone Pickens on CNBC earlier this week talking about his plan to reduce our dependence on foreign oil.  Wind is a major part of the plan.  Natural gas is also a part of the plan.  He …

I’ve sold Apple (AAPL) options a few times and have an overall profit from my series of trades.  I don’t like taking big risks with it since it is so volatile and try to sell naked puts far out of the money …

I have been down on my Kraft (KFT) July 32.50 naked puts (KFTSZ) since soon after sold them.  This morning I received an email that those 300 shares were assigned early.  I was forced to buy 300 shares of KFT at the …

The Dow Jones Industrial Average (ticker: $DJI) hasn’t recovered since I wrote about the trend line break two week ago.  In fact a second break occurred on June 26th and now the …

As if the past few days of $1000+ losses weren’t bad enough for me, NVDA took a nose dive pre-market today and never recovered.  It closed the shortened trading day down 30%.  They took a major charge for a production glitch and …

Today was insane.  I saw the Dow down 120, then up 20, then down 150 and then up 30 by the end of the day.  I had a hard time focusing on my work and I’m sure more than a couple …