Archive for: January 2009

I mentioned a few posts ago that I planned to dump Freeport McMoran Copper & Gold (FCX) when the options expired tomorrow, but then it kept falling and my thought process changed.  For a short stint today FCX dropped below …

When I opened my Apple (AAPL) position 10 days ago with January 90 naked puts I remarked it was because Steve Jobs was supposed to be moving to the healthier side.  After the market …

Last year I had too much exposure to basic materials and it cost me when the sector collapsed.  I’ve thinned that down some over the past month with good moves like dumping AA at $10 with covered calls.  (AA is trading …

Monsanto (MON) beat earnings last week and rocketed up nearly 20% in one day last week.  It slowly started to creep back down as the short covering slowed and the profit taking for the longs picked up.  I entered a limit order …

It’s been a long time since I charted the Russell 2000 Index ($RUT.X) and I think I picked a good time for to check out the benchmark for the small-cap stocks this weekend.  I circled the last day of the …

I like to set goals to have a better idea of how I should work my account over the year.  I started working on this post after my year end summary, but apparently didn’t set …

I sold naked puts on USO last year and then assigned the shares at expiration.  I then sold covered calls a few times before finally getting out completely when I sold my 300 shares on November 25th for $42.68.  USO continued to …

I’ve been getting nervous about my pile of DRYS shares and long calls.  I bought my 600 shares through a series of naked puts throughout last year and bought the six DRYS calls in November when …

Apple, Inc (AAPL) released news that Steve Jobs health concerns are related to a hormone imbalance and that he should recover in a few months.  Assuming that’s true AAPL started to rally.  Actually, it had the biggest lump of it’s rally …