Archive for: August 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 …

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.  …

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 …

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 …

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 …

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 …

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 …

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 …

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 …