Archive for: October 2008

DIA

I started the morning by taking a profit.  On October 17th I sold two November 83 puts (DAVWE) at $4.30 and received $848.50, today while trading DIA was trading at $88.02 I bought to close DAVWE at $3.50 and paid $711.49 with commissions.  That …

Today I’m feeling a little vindicated in my theory that missed the mark a little yesterday.  The markets were down some for the day.  I’m pulling some profit back in on covered calls I sold yesterday.  With the reality settling in that …

I had a busy morning trying to get in some trades while juggling work. With the fear that the market would decide that going up wasn’t the best idea yet, I started selling covered calls. I sold some of these …

I’m posting a screen shot of my current stock and option holdings before I start selling covered calls this week on my long stock positions.  I closed out my last $25,000 remaining NPLXX money market I was using as cash back …

I’m returning to chart the PowerShares QQQ Trust Series 1 (QQQQ) for the first time in a while.  I only went back one month with today’s chart because I think I see the best story on such a short time …

I literally waited until the last minute today to finish my trades for this options’ expiration.  My USO and QCOM call options were my only two that were near their options’ strike giving me a profit to work with.  I’m …

Oil ETF USO has been killing me.  This is one I should’ve bought puts on a long time ago when I thought it was coming down.  I didn’t close my long position I had because I thought the drop would …

On Friday I bought some coverage for my USO position.  I’m long 100 shares of USO and bought two puts to give myself some downside protection.  While USO was trading at $61.22, my limit order …

I bought insurance puts on XLB (Materials Select Sector SPDR Fund) at the beginning of last week and then sold XLB puts at a lower strike and nearer expiration a …