We’re half way through our small group of bloggers’ contest for the four best stock picks of 2009. I’m still pulling in a solid last place, but have begun my comeback from a distant last at the end of Q1. This is how my picks faired over the two quarters: DRYS – Closed 12/31/08 at…
Month: June 2009
NASDAQ 100 Index (NDX) Chart – June 26, 2009
I charted the NASDAQ 100 Index ($NDX.X) on Friday, June 26, 2009 when it closed at $1,480.20 for the week. While I’m still not able to get on the bull band wagon for most of the indices, the NASDAQ 100 has more appeal still. NDX pulled back almost 6.5% intraday after hitting a recent high a few weeks…
Account Clean-Up
After making only one option trade to start the week off I finally got around to some account house cleaning this week which was overdue. I’ve been sitting on a large portion of my account in cash recently due to most my naked puts expiring out of the money and my covered calls expiring in the…
Looking for More Profit from NASDAQ (NDAQ)
I’ve been coming back to the NDAQ well for more profits ever since I picked them as one of my 2009 stock picks at the beginning of the year. They are actually down from when I picked them, but that’s why I’m not a buy and hold type investor, but an option seller. I’ve done well with…
Recent Mortgage Rate Changes – Video
Here’s a four minute video from my mortgage broker Greg Spencer from SCMG on Friday June 19, 2009. It’s worth watching to hear his opinion of what’s moving rates right now. I’ve used Greg three times with our mortgages – a refinance on our old house, our original loan on our current house and then a…
S&P 500 Chart – June 19, 2009
I drew this year to date (YTD) of the S&P 500 (SPX.X) chart after Friday’s close when it was finished the week at $921.23. I might have gotten a little line crazy on it and hope you can still see where I’m going with my following points. I drew two trend lines of higher lows that started in February…
Moved MON and SLB Options to July Expiration
I only had three options finish in the money today (one on MON and two on SLB) and made changes to both positions to give me more downside cushion and increase my chances for a bigger profit by the end of the series of trades. I could’ve exited both positions with a little profit today, but decided…
Sold IWM July 52 Naked Put
As I’ve sat on the sidelines with most of my cash idle for the past few months I’ve missed out on a lot of the rally. I decided I should make an attempt at putting a little more money at risk. I’ve made a few individual stock trades, but wanted more exposure still. Since I…
Stock Picks – June 2009
In a comment of a post last week Ronan from Invest Using Options gave us a few of his recent stock picks. This gave me the idea of starting a recurring post of stock picks from other bloggers and readers. I’ll keep these posts fairly short and list any stock picks I’ve received through email. …