http://mytradersjournal.com/stock-options/2009/04/27/sold-uso-may-26-naked-puts/ Investing in Stocks Through Options Fri, 27 Jan 2012 21:33:26 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://mytradersjournal.com/stock-options/2009/04/27/sold-uso-may-26-naked-puts/#comment-5888 Joe Thu, 30 Apr 2009 15:11:55 +0000 http://mytradersjournal.com/stock-options/?p=2369#comment-5888 My energy trader friends tell me that if I can get CHK for around 15, i should back up the truck. I am considering writing Naked 15 Puts on CHK if there is a huge jump in volatility in CHK caused by some kind of news that pushes it down. If I can get some large premiums to take CHK @ 15, then my cost basis will be < 15 and I'll build a nest and sit on it. Of course, once I own it and it starts going back up, I'll sell covered calls. YMMV My energy trader friends tell me that if I can get CHK for around 15, i should back up the truck. I am considering writing Naked 15 Puts on CHK if there is a huge jump in volatility in CHK caused by some kind of news that pushes it down. If I can get some large premiums to take CHK @ 15, then my cost basis will be < 15 and I’ll build a nest and sit on it. Of course, once I own it and it starts going back up, I’ll sell covered calls. YMMV

]]> http://mytradersjournal.com/stock-options/2009/04/27/sold-uso-may-26-naked-puts/#comment-5887 Alex Fotopoulos Thu, 30 Apr 2009 15:05:34 +0000 http://mytradersjournal.com/stock-options/?p=2369#comment-5887 I've watched DIG and DUG, but haven't wanted to push my luck with 2x, although Mule65's idea on selling puts on both USO and SDS could play on DIG/DUG too I guess. I'm long term bullish on oil, so I can handle naked put option assignments on USO and don't usually hedge because of that. I worked on CHK for a while, but got out eventually with a loss. I watch sometimes, but haven't gotten back in yet. I’ve watched DIG and DUG, but haven’t wanted to push my luck with 2x, although Mule65′s idea on selling puts on both USO and SDS could play on DIG/DUG too I guess.
I’m long term bullish on oil, so I can handle naked put option assignments on USO and don’t usually hedge because of that.
I worked on CHK for a while, but got out eventually with a loss. I watch sometimes, but haven’t gotten back in yet.

]]> http://mytradersjournal.com/stock-options/2009/04/27/sold-uso-may-26-naked-puts/#comment-5885 Joe Thu, 30 Apr 2009 12:22:26 +0000 http://mytradersjournal.com/stock-options/?p=2369#comment-5885 I continue to get burned with energy trades. I won't go near ERX, ERY, USO, DIG, or DUG. The whole energy sector is bizarre, I can't even get a good read on CHK. I continue to get burned with energy trades. I won’t go near ERX, ERY, USO, DIG, or DUG. The whole energy sector is bizarre, I can’t even get a good read on CHK.

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