After the markets closed yesterday I spent some time checking my exposure and noticed that although I was technically fully invested (if every naked put I’m short is assigned), I had some good cushions on a few of my naked put positions which made me feel like I could extend my resources a little farther. …
Month: April 2010
Chasing Dividends with Covered Calls on SO
After my plan yesterday with PG deep in the money covered calls didn’t work I tried a slightly different approach with Southern Company (SO) today. I decided to increase my risk slightly and not go as deep in the money with the covered calls today. As a couple of commenters predicted my PG calls were so deep in…
Deep In The Money Covered Calls on PG
I’m trying something new today. Before I made this trade I asked a reader who I exchange ideas with sometimes what he thought of this approach. He said he’s tried it and it didn’t work for him, so I don’t recommend following my lead yet until I can see if I can get it to…
Russell 2000 Chart – April 23, 2010
I charted the Russell 2000 ($RUT) after the market closed on Friday, 4/23/10, when the small cap index closed at 741.92.
Option Selling Tuesday – INTC, MSFT, MS
After my April options on Intel (INTC) expired worthless I planned to get right back in. I think INTC has a strong run left in it. With a forward P/E ratio of only 12.22 INTC has room for error without getting crushed. As the economy continues to expand I see INTC as a leader along…
Sold AVAV June Naked Puts & Exited T
Barron’s reran a bullish article on AeroVironment, Inc (AVAV) in today’s print edition that they ran last Tuesday online. After the article first came out AVAV got a nice bounce and then settled down by the weekend. I expected it to see a little more upside today after the reprint and that’s what we saw. The story was…
S&P 500 Chart – April 16, 2010
I charted the S&P 500 index ($SPX) after the markets closed on Friday, 4/16/10, when it finished the week at 1,192.13.
Added Short Puts to UCO Position
I mentioned yesterday I was eyeing UCO again since I’m already long 10 puts at the October 12 strike. My driving force behind this whole trade series is that I think oil is probably fairly priced in the $60-80s with the likelihood of a deeper fall fairly remote, especially on a longer term view as…
Options Expiration – April 2010
After operating in a daze the past couple of weeks I happened to notice the date today and saw April options expire tomorrow. That got me to jump. I started looking at each of my expiring options (NDAQ, INTC, T, JPM and UCO) and making decisions on what to do. Here’s how I’ve started and plan…