Archive for: October 2008

October 31, 2008

DRYS – What To Do?

Filed under: Finance,Media - 31 Oct 2008

Forbes had an article explaining why DRYS and other dry bulk shipping companies are a bad buy right now.  Forbes seems to be under the belief that the economy will never pick up.  I had …

October 29, 2008

Added MON Call, Dumped JOYG Call

Filed under: Finance,Stock Picks - 29 Oct 2008

MON

MON continues to bounce between $70 and $90.  This morning it continued its upward swing it’s been on for a very short and steep stint.  While MON was trading at $85.86, I sold to open one November 90 covered …

October 28, 2008

Sold More DRYS Calls

Filed under: Finance,Stock Picks - 28 Oct 2008

DryShips Inc (DRYS) has been a very poor investment for me.  I got in too early and sold puts through a rookie typo when I tried to buy downside protection a few weeks ago.  I corrected that mistake within 10 …

October 27, 2008

Sold Extra AA Calls

Filed under: Finance,Stock Picks - 27 Oct 2008

While AA was trading at $9.36 this morning I sold four AA November 12.50 calls (AAKA) at $0.36 and received $131.00 after commissions.  My cost is much much higher than this strike, but I’m willing to get out of AA …

State of Economy – Car Dealers Shutting Down

Filed under: Life's Expenses,Media - 27 Oct 2008

Here’s an interesting article on CNN.com’s site that I almost had for MyTradersJournal.com.  It’s written by a friend of the family who works at CNN, Paul Varian.  He sent me his story via email and …

October 26, 2008

Dow Jones Industrial Average Chart ($DJI) Chart – October 24, 2008

Filed under: Finance,Indices,Stock Charts - 26 Oct 2008

Today I charted the Dow Jones Industrial Average daily price movement for the past couple of months.  In red I circled what could be the bearish view of where the Dow could move next.  It follows the lower trend line …

October 24, 2008

Option Trades on FCX, SSO & USO

Filed under: Finance,Stock Picks - 24 Oct 2008

FCX

I didn’t even know this one hit yesterday until I was checking something else this morning.  While FCX was trading at $26.27 I bought to close two FCX November 40 covered calls (FCXKH) for $0.50 each and paid $111.49 …

October 23, 2008

Closed MON Covered Call and Sold a New Naked Put

Filed under: Finance,Stock Picks - 23 Oct 2008

Two days ago I sold covered calls on MON on top of the 100 shares I own (long).  Today I bought those calls back for a profit.  While MON was trading at $79.93 a few minutes after opening this morning …

October 22, 2008

Sold New DIA Puts

Filed under: Finance,Stock Picks - 22 Oct 2008

With the markets taking another dive today I bought my original naked puts back for a profit this morning since I expected the fall to continue through the day and now that it’s down deeper I decided to get back in …

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