Archive for: September 2008

I’ve been all over the board this month.  Here’s a snapshot of my current portfolio as of 2:45 pm today.  I have a mixture of covered calls, naked calls, naked puts and long stocks.  I have a little less than $4,000 in …

A little more than a week ago when my account recovered half my losses I actually thought about dumping almost everything to have something left when this mess settles down.  I didn’t and now I’m back to my lows again.

Starting …

I had a panic attack this weekend.  This is a feeling I haven’t felt in a long time.  It wasn’t due to me being a recruiter during a recession, the 15% drop in my stock account’s value the past month, …

Today I charted the Dow Jones Industrial Average ($DJI) since the beginning of 2002 through this past Friday, September 26, 2008.  Michael Santoli pointed out an interesting technical achievement for the Dow Jones in September 29th’s Barron’s that I thought would be interesting to …

FCX dropped at the open today, so I didn’t wait any longer to sell new options.  While FCX was trading at $64.84 I sold two FCX October 80 naked calls (FCXJP) for $1.20 each and received $228.50 after commissions.  I …

FCX continues to fall and I think 60 should offer support based on the chart I drew below.  I placed a limit order to sell a new naked put and/or naked call depending which direction it swung.  I’m already long 100 …

DRYS is well below the strike price ($55) of the covered calls I sold on Monday morning and the stock is still falling still, although at a slower rate than the past two days.  To pull some more cash in …

I almost took today off from work knowing I had a lot to focus on outside of my paid job.  I had some long positions with covered calls expire out of the money and I had naked puts expire in the …

Today I’m coming back to the S&P 500 ($SPX.X) to chart the past couple of years’ weekly price action.  I went with the weekly chart this weekend because I thought it was important to take a longer view and remove …