Kopin Tan wrote a bullish few paragraphs in today’s edition of Barron’s about CVS Caremark Corp (NYSE: CVS). One of his points for calling CVS a buy is the historically low P/E ratio it has right now. I checked Ford Equity Research and found this chart of CVS’ historical P/E versus it’s current price to earnings ratio. I’ve…
Month: June 2009
2 Dow Jones Industrial Average Charts – June 12, 2009
I’m posting two DJIA ($DJI) charts this weekend after the Dow closed at 8,799.26 on Friday. The top one is a look at the past 11 trading days. I typically chart using OHLC charts that show the highs and lows of the day, but thought a view of just the closing prices (the line chart)…
Sold Allstate (ALL) Naked Puts
I haven’t paid attention to Allstate (NYSE: ALL) much until this week when I read a bullish article in Barron’s June 8th edition and then on Motley Fool after that. I started the week with a limit order for a put spread (25 and 22.50) that didn’t hit. I forgot about it until this morning…
Rolled SLB June 55 Naked Put Higher
I’ve been torn on how to continue managing my Schlumberger Ltd (NYSE: SLB) position. I’ve been wrong for the past week or two on how fast oil was going to recover. As oil continued to climb this morning, SLB tagged along as it should. Once SLB moved up this morning my position moved to a…
Russell 2000 Chart ($RUT) June 5, 2009
I’ve been trying to pick an ETF to possibly enter the market with since I haven’t picked a new stock to run with and was watching IWM, a Russell 2000 ETF and saw the chart looked interesting. That brought me back to the Russell 2000 itself for an exact chart of the index. I charted $RUT after it closed…
Current Portfolio – June 5, 2009
I saw the morning news of new jobless claims that came out lower than expected and turned into a big bull for about an hour and 10 minutes this morning. That was enough time to consider changing my position on SLB and opening new positions on USO and SSO. I watched the futures take off…
Added Leg to SLB Option Position
A month ago when I sold a strangle on Schlumberger Ltd (SLB) and took a net credit of $646.98 I thought I’d be safe on both sides through June option expiration, but then the rally hit and all of the sudden I was a little worse off than break even on paper for my SLB strangle. I finally decided to…
May 2009 – Month End Summary
I had another good month in May and continue to claw my way back up from my lows last year. I ended May with a balance of $74,238.76 according to TD Ameritrade and $74,528.50 according to Quicken. I’m still not fully invested, but continue to maintain a good annualized return by not overextending myself. If all of…