Archive for: August 2008

August 31, 2008

NASDAQ Composite Index ($COMP) Chart – August 29, 2008

Filed under: Finance,Indices,Stock Charts - 31 Aug 2008

I charted the NASDAQ NMS Composite Index ($COMP) for the past year’s daily price action ending August 29th, 2008.  At a glance this chart could look like it’s leaning bullish, but when you zero in on some details that bull might …

August 30, 2008

Book Review: Profit From The Peak

Filed under: Reading - 30 Aug 2008

Wiley Publishing sent me a copy of Profit from the Peak a couple of months ago and I finally finished reading it while on vacation a couple of weeks ago.  …

August 27, 2008

Natural Gas and Oil Are Up on Gustav

Filed under: Finance - 27 Aug 2008

It took a month since I first said it, but natural gas and oil are up nicely recently on hurricanes Fay and Gustav.  I can’t remember a summer/fall season where there wasn’t a scare that pushed …

August 25, 2008

Investing Motivation

Filed under: Finance - 25 Aug 2008

I haven’t had a real motivation to invest much lately. This hits me occasionally. Sometimes I try to force myself through it. That typically ends in some bad trades and stupid losses. This time I’ve had enough on the table …

August 24, 2008

S&P 500 Chart – August 22, 2008

Filed under: Finance,Indices,Stock Charts - 24 Aug 2008

My Sunday series of index charts continues today with the S&P 500 ($SPX). This time I took a shorter view and only went back three months to see a daily view of the price changes. The SPX is getting …

August 20, 2008

Sold Second Leg of Alcoa (AA) Option Strangle

Filed under: Finance,Stock Picks - 20 Aug 2008

I’m on a roll with selling strangles lately. I’ve sold one on CHK, TDW and today I did the same on AA. None of these is a pure strangle since I’m long the stock too, but that’s probably the best …

August 19, 2008

Sold New MON Naked Put

Filed under: Finance,Stock Picks - 19 Aug 2008

After buying back my Monsanto (MON) naked put on Friday, I spent some time trying to pick my strike for a new naked put.  I decided to keep my risk lower although it …

August 18, 2008

Sold an Options Strangle on TDW

Filed under: Finance,Stock Picks - 18 Aug 2008

After my 100 shares of Tidewater (TDW) closed below my covered call stike on Friday I decided to sell new covered calls while at the same time selling new naked puts at a lower strike.  While TDW was trading at $55.68 I sold one …

Option Expiration – August 2008

Filed under: Account Summary,Finance,Stock Picks - 18 Aug 2008

This is how my August options closed on Friday along with my plans for these same equities moving forward.

AAPL closed at $175.74 leaving my August 155 naked puts out of the money (OTM) and giving me a full profit.  I plan to write …

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