I’m long 200 shares of QCOM that I bought from my last naked puts that were assigned at $52.50. I sold covered calls at the October 50 strike a while ago only to see QCOM fall further and put me at a paper loss. With almost all stocks up the past two days, QCOM has been…
Month: October 2008
Dow Jones Charts – October 10, 2008
I’m posting multiple Dow Jones charts (aka $DJI, DJIA, the Dow) today. I’m starting with the one day chart, then the one week, followed by the one month and then I jump out to the 10 year chart. I chose these because each chart’s story is interesting to me. I worked from home on Friday and…
Covered USO Long Position
I covered my USO (oil ETF) long shares with two USO puts this afternoon. Oil was a bad trade to get in for me and I’m stopping the bleading for the next few days. While US was trading at $64.00 I bought to open two USO October 66 puts for $4.30 each and paid $871.49…
New DIA Option Position
The DIAMONDS Trust Series 1 (DIA) is an ETF that seeks to match the results of the Dow Jones Industrial Average (DJIA). After exiting my SPY (S&P 500 ETF) options this moring for an overall profit, I switched my attention to DIA. While DIA was trading at $82.32 I bought to open two DIA December 84…
Closed Short and Long SPY Puts
I started looking at what naked puts I’d likely be assigned next week and how much cash I still had in my account and decided I should close out my short and long SPY puts to help avoid going on margin during a bear market. These SPY puts are the ones I got into this week…
Sold XLB Covered Puts
The market is crazy today and I’m trying to capitalize on the VIX ($VIX.X) being up to the mid-50s, higher than it’s been in more than 20 years (could be ever, but that’s as far back as my chart goes). While at $27.21, I sold four XLB October 25 covered puts (XLBVY) for $0.75 each and received…
Sold SPY Covered Puts
Y’all are going to think I’m crazy now. Now that I own two SPY December 110 puts and their value is made up of more than half intrinsic value, I decided to try to make a trade on SPY October puts out of the money in an attempt at a trade on SPY not falling much more before getting…
New Calls: JOYG
I’m long 100 shares of JOYG from an assigned naked put and also have two JOYG naked puts at the November 40 strike. If all stays even I’ll have 300 shares in a month. With that in mind and JOYG trading down at $34.05, I sold three JOYG October 40 naked calls (JQYJH) for $1.00 and received…
Bought Insurance Puts on SPY and XLB
I did this morning what I should have done months ago. I bought puts for downside protection. It’s not like many of you haven’t advised it during the past 18 months of my blog’s life. Finally, down big already, I wised up (a little). I started off this morning looking at individual stocks to buy…