Archive for: November 2008

Dry Ships, Inc (DRYS) has been killing me.  I own 400 shares with an average cost of $43.47 not counting the premiums I’ve taken in since I started off with a DRYS naked put back in June.  …

Greed cost me more than $1,000 on my SSO naked puts.  While SSO was trading around $20.75, I bought to close five SSO November 22 naked puts (SOJWV) for 1.80 each and paid $913.74 with commissions.  Originally, back on October …

I’m posting a chart of the S&P 500 ($SPX.X) mid-week in honor of the new 5 1/2 year low.  The Dow Jones is down there too, but I’m more interested in the $SPX since I have a decent sized play on SSO, …

My account has a weird issue brewing in it.  I have very big paper losses, but haven’t done much to realize those losses throughout this year of Hell.  I’m still showing a realized gain and have a month and a …

I went back to the beginning of September 2008 and charted the daily price action for the Dow Jones Industrial Average, aka DJIA ($DJI).  We’ve seen days over the past two months move more in a single day than the DJIA …

I’m back from vacation and see that we haven’t found the bottom yet.  I pasted screen shots of my current portfolio below.  I circled the two December options I have in my account.  The rest expire next week at November …

I’m on vacation the next few days, so I won’t have an index chart this weekend.  I’ll be back in a few days and will resume normal posting when I get caught up at work.

While FCX was trading at $29.28 I covered my 200 shares of FCX by selling two November 35 covered calls (FCXKG) at market for 0.81 each and received $150.50 after commissions.  I sold the calls only 12 days away to …

While USO was trading at $56.85 I sold two USO November 51 naked puts (USOWY) at $1.85 each and received 358.50 after commissions.

I picked this out of the money strike based on USO’s low recently.  I’m expecting that low just above …