Archive for: February 2009

February 26, 2009

Sold MON March Covered Call, Again

Filed under: Finance,Stock Picks - 26 Feb 2009

Two days ago I closed my Monsanto (MON) March 80 covered call for a profit when I bought it back at $2.40.  It bounced around more that day and again yesterday.  Yesterday morning …

February 25, 2009

Changed SSO Position

Filed under: Beginners,Finance,Stock Picks - 25 Feb 2009

I’m still expecting support to hold for the next few weeks on the S&P 500 at 741 after testing that level again on Monday.  I rethought my position though.  I originally paid $432.24 for my SSO …

February 24, 2009

Closed MON Covered Call for Quick Profit

Filed under: Finance,Stock Picks - 24 Feb 2009

I saw MON down this morning, but then it bounced off the low side of its trading range.  I checked the premium of the MON covered call I rolled on Friday and saw I …

February 23, 2009

Sold USO Calls & Bought SSO Calls

Filed under: Beginners,Finance,Indices,Stock Picks - 23 Feb 2009

USO
I started the day by selling covered calls on my 300 newly acquired USO shares I had to buy at $31.00 (I paid $9,319.99 with commissions) from the February 31 naked puts that expired in the money (ITM).  USO started …

February 22, 2009

S&P 500 Chart (SPX.X) – February 20, 2009

Filed under: Finance,Indices,Stock Charts - 22 Feb 2009

While the Dow Jones Industrial Average broke through its November low by a full 200 points, the S&P 500 ($SPX.X) has yet to fully test its November 21st intraday low of $741.02.  …

February 20, 2009

Rolled MON Covered Calls

Filed under: Finance,Stock Picks - 20 Feb 2009

I wasn’t planning to roll any of my calls, but that was yesterday’s plan.  Monsanto (MON) came back to life since I wrote that plan.  It might be short lived considering that MON couldn’t stay above its 10 day moving …

February 19, 2009

February Options Expiration

Filed under: Account Summary,Finance - 19 Feb 2009

I just ran a check to see how many trades I’ve made recently and saw I’ve only made one, the credit put spread that I should’ve done a debit put spread instead.  I have until March on it, so it could work out.  …

February 15, 2009

Gold (GLD) Chart – February 13, 2008

Filed under: Finance,Indices,Stock Charts - 15 Feb 2009

Instead of charting a regular stock index today like I typically do each weekend, I’m charting a gold ETF, GLD.  GLD attempts to reflect the performance of the price of gold bullion.  Gold tends to move in a somewhat inverse relationship …

February 13, 2009

Adding Cash to Account

Filed under: Account Summary - 13 Feb 2009

In July 2008 I made what I said was going to be my last deposit into my taxable trading account until I broke $100,000.  That week I made an intraday high around $99,300 and then my fall from glory started.  I …

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