Archive for: August 2011

After taking option assignments on a few positions at August’s option expiration I’ve stayed long with no covered calls on any of my newly acquired stocks.  That changed today.  QCOM is getting close to my purchase price and while I …

I charted daily prices for the past three months on the Dow Jones Industrial Average ($DJIA, $INDU, $DJI) after it closed on Friday, August 26, 2011 at 11,284.54.  I kept the chart’s range a little tighter than usual this weekend …

I’ve been waiting for Mr. Bernanke’s speech tomorrow morning before covering a lot of the stocks and ETFs I was assigned at last week’s option expiration.  We could see a “sell on the news” (or lack of news) reaction, but …

This S&P 500 ($SPX) chart shows the past three years of weekly prices after the index finished the week at 1,123.53 on Friday, August 19, 2011.  You know you are charting am ugly market when you have to stretch the chart to …

Not that it’s a surprise to anyone, but this is not a good options expiration Friday for my account.  All of my naked puts finished in the money and all of my covered calls finished out of the money.

These are …

I decided to go bargain shopping yesterday and didn’t think I could handle the risks of most growth stocks quite yet.  Instead I looked for an old dividend payer and came back to AT&T (T).  T is down 10% from its early …

I charted daily prices for the past six months on the Dow Jones Industrial Average ($DJIA, $INDU, $DJI) after it closed on Friday, August 12, 2011 at 11,269.02.  Two weeks ago when I last posted a …

In the comments section of my last post I was asked about any VXX options I might be considering.  I mentioned I thought a naked call on VXX could be profitable.  Today I entered a limit order good through Monday …

This was almost comical.  I had not been paying attention to my TD Ameritrade (AMTD) Account with respect to margin requirements because I wasn’t expecting it to come into play yet, but also because I knew liquidating wouldn’t be a …