The Russell 2000 (“$RUT.X” in TD Ameritrade and “^RUT” in Yahoo! Finance) has been bouncing around a trading channel this entire year. What is now a ceiling for this price on the chart was the floor for the second half of last year. I won’t believe this channel is broken (in either direction) until we…
Month: August 2008
Sold New BNI Naked Puts – Covered NVDA Puts
I made two trades yesterday (Friday). I started with Burlington Northern (BNI) from a limit order I had from a day earlier. While BNI was trading at $102.63 I sold one BNI September 95 naked put (BNIUS) and received $259.25 after commissions. I’m already long 100 shares of BNI from the July 105 naked put…