Archive for: March 2009

March 30, 2009

New Stock Chart Technical Analysis Blog

Filed under: Finance,Stock Charts - 30 Mar 2009

I started a new free stock charts technical analysis blog named chart-analysis.com.  I’ll admit it’s not such a clever name, but it’s meant to be fairly concise for my stock chart analysis.  I plan to chart a …

March 28, 2009

Dow Jones Chart ($DJI) – March 27, 2009

Filed under: Finance,Indices,Stock Charts - 28 Mar 2009

The Dow Jones Industrial Average (aka DJIA or $DJI) finally found resistance on its chart this week.  As luck would have it (that’s sarcasm), it just happened to top out around the 8,000 range that was support in October 2008, …

March 26, 2009

Sold JOYG Covered Calls

Filed under: Finance,Stock Charts,Stock Picks - 26 Mar 2009

I’ve been sitting on my 300 shares of Joy Global (JOYG) for a while without the heart to sell covered calls for a low premium while it looked too “cheap” to get out of.  After charting it earlier this morning …

March 25, 2009

Took a Credit on PCU Vertical Put Spread

Filed under: Finance,Stock Picks - 25 Mar 2009

In 2007, I sold options on Southern Copper (PCU) a few times.  I think I ended up taking a little loss on the series of trades (which is moot now) and then moved on to FCX.  FCX ended up taking a harder fall …

March 24, 2009

Sold NDAQ Naked Puts

Filed under: Finance,Stock Picks - 24 Mar 2009

Last month I eased into a hedged NASDAQ OMX Group Inc (NDAQ) position with a vertical spread (22.50/20 puts) for a credit of $0.80, not counting commissions.  I took the option assignment at $22.50 and sold the …

March 23, 2009

Sold All NDAQ Shares

Filed under: Finance,Stock Picks - 23 Mar 2009

This morning I put a limit order in to sell all 500 of my newly acquired NDAQ shares.  I thought I was pricing my order high enough to let it run up for a few days.  Instead, by 3:50 NDAQ …

Bought an Insurance Put Option on MON

Filed under: Finance,Stock Picks - 23 Mar 2009

I’m not typically big into buying put options, but saw a potential good opportunity with Monsanto (MON) this morning.  MON has had a really good run from its lows not so long ago and could keep running, but the last time …

March 20, 2009

Closed SSO Put Spread & Other Options Expiration Updates

Filed under: Finance,Stock Picks - 20 Mar 2009

As of the close of yesterday I thought I had my SSO put spread for a full profit, but that changed quickly this morning.  Instead the S&P fell and I lost.  I watched SSO most of the day, along with …

Closed MON Covered Call, Again, Again

Filed under: Finance,Stock Charts,Stock Picks - 20 Mar 2009

I closed my MON call this morning earlier than I should have.  I’ve been expecting it to break down some, but over thought it and made a mistake.  The upcoming days will tell me how much of a mistake it …

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