Archive for: October 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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …