I’m looking pretty good going into option expiration Friday for my September puts. My one naked call (SSO) is holding me back though. Here’s what I have in my account right now: Qty Symbol Description -2 +BZDVX BA Oct 50 Put -3 +DSXVV DSX Oct 12.5 Put -3 +URPVF EXPD Oct 30 Put -2 +TVE T…
Month: September 2009
Dow Jones ($DJI) Chart – Back to Resistance
I charted the Dow Jones Industrial Average (DJIA) for the year to date ending Friday, September 11, 2009, with the DJIA at 9,605.41.
9 Stock Picks – September 2009
I’ve gathered nine new stock picks for my September Stock Pick Post from various sources. ATPG – The Wild Investor wrote a bullish post on ATP Oil & Gas Corporation – He posts charts showing how ATPG compares to oil. I see both showing a rising wedge which can be quite bullish in addition to his reasons…
S&P 500 Chart – Flip a Coin
I charted the S&P 500 ($SPX) after the markets closed on Friday, September 4, 2009. The SPX finished the week at 1016.40. I drew four trend lines I marked A, B, C and D.
Sold AT&T (T) Naked Puts
I’ve been planning this trade all week, ever since I charted it on Monday on my first day of working at AT&T (NYSE: T). T behaved just as I said it would. It came down from $26.21 to $25.01 (I said $25.00 looked like support) and turned back up. I saw it when it was…
Sold EXPD October 30 Naked Puts
Dimitra DeFotis wrote a bullish piece on Expeditors International Washington (NASDAQ: EXPD) in this week’s Barron’s. It’s a transportation company (an industry where I had no exposure) and is a mid-cap company, another hole I needed to fill in my effort to stay better diversified. The analysts DeFotis sited think EXPD has huge potential. I just need…
Current Positions – September 2, 2009
I’ve been waiting for a correction as I’ve been wrong for the past 200 points up in the S&P 500 and it’s possible we’re finally getting it based on this week’s price action. The thought that it could be happening finally made me go back and double check I haven’t gotten in deeper than I…
End of Month Summary – August 2009
I eked out another month of gains (that’s six straight, I know – nothing to brag about when the markets do the same), but ever so slightly and at a slower pace than most of the stock indexes. I continued to run my account conservatively with the majority left in cash without even using options enough to risk much of…