I entered a few orders over the weekend with the idea that they might trickle in during the week while I stay focused on my new job. Instead, two of them hit in the first half hour of the trading day which caused me to get email alerts to my phone. That meant I “had to”…
Month: August 2009
Dow Jones Industrials Chart – August 28, 2009
I charted the Dow Jones Industrial Average ($DJI) after the markets closed on Friday August 28, 2009 when the DJIA closed at 9,544.20.
Sold BA October 50 Naked Puts
I’m still on vacation this week while my wife is working and my son is at school. That means I spend my days rotating between getting stuff done around the house that I’ve been meaning to do since we moved in three and a half years ago, watching CNBC, getting all of my doctor appointments out…
Wilshire 5000 Chart – August 21, 2009
I charted the Wilshire 5000 ($DWC) after the markets closed on Friday, August 21, 2009 when it closed at 10,552.27. The way I chart the broadest index for the U.S. equity market, I see that we are back at the top of the trading channel between the trend line of higher highs and higher lows. …
Options Expiration – August 2009
I only had three option positions expire today. I was short (I sold them originally) all three. Here’s the short summary of how my August options ended at expiration: -4 ALL Aug 23 Put, (+ALLTF) – Finished far out-of-the-money (OTM) leaving me with a full profit. -3 USO Aug 33 Put, (+UBOTG) – Also finishe far OTM which…
Sold SSO September 32 Naked Calls
I’ve been neutral to bearish lately, so I decided to put my money where my mouth is and leg into an SSO short straddle. While SSO was trading at $30.95 I sold to open two SSO September 32 calls (SOJIF) for $1.05 each and received $198.49 after commissions. Last week I sold SSO September 30…
S&P 500 Chart – August 14, 2009
I charted the S&P 500 ($SPX) after the markets closed on Friday, August 14, 2009 when the SPX closed at 1,004.09. This chart has a lot going on and it all points to more uncertainty. Stay tuned though, it’s interesting and should offer a solid clue of direction within the next few days. I drew…
Sold FCX September 55 Naked Puts
This has been a rollercoaster week and that doesn’t even count the big ups and downs of the markets. I started on Monday with the news that I’d stay employed for at least another month, but at a $15k pay cut. In the afternoon I found out my dad was in the hospital and had to…
Sold SSO September 30 Naked Puts
I’ve been so shy about not getting too deeply invested for the past couple of months I’ve missed out on a lot of potential gains. After today’s rally started I gave in a little. I decided to ease in with a half order on SSO, the double S&P 500 ETF. While SSO was trading at $31.16…