I hated to do it, but I think it was the smart move to take my loss on AXA and move on. It broke support a couple of weeks ago and fell below my strike. That’s when I should’ve gotten out, but I thought it was going to be a long term hold for me. …
Month: February 2010
Adjusted CSCO Mistake and Added KFT Naked Puts
A couple days ago I posted my trade details about selling CSCO naked puts at the money. I was psyched when I saw CSCO beat earnings last night. I checked this morning to see if I should consider closing my position for a quick profit or not, but noticed I was actually losing money on it. It took…
Sold CSCO March Naked Calls
(2/4/10 EDIT) The copy below is what I originally wrote two days ago, but I just realized today that I screwed up on my order and sold calls instead of puts. I’ve changed the above post title and scratched through my original description to edit it to say “calls” instead of “puts” now. I wrote a…
End of Month Summary – January 2010
January turned out to be an interesting month. After six months in a row of gains we finally saw the Dow Jones drop. The S&P 500 fell for the second time in 11 months. It makes me feel a little vindicated for staying so heavily in cash over the past few months after seeing the DJIA fall back…