Archive for: October 2011

I charted the Russell 2000 Index ($RUT) after the markets closed on Friday, October 28, 2011, when it closed for the week at 761.00.
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Today had to be a day for the bulls after Europe made a big step in getting their act together and GDP came in at 2.5% for the third quarter.  I saw the first 30 points in the S&P 500 …

My biggest bullish move of the day was not selling covered calls on any of my long shares today.  For years, that’s been my typical move the first trading day after options expiration, but I’m staying patient on these as …

I charted the Dow Jones Industrial Average ($INDU, $DJI, DJIA) after the markets closed on Friday, October 21, 2011, as it closed for the week at 11,808.79….

October has been a good options expiration for me.  Six out of seven positions are closing for a profit.

NFLX – Bear $130/140 Call Spread – This one worked even better than planned.  I could’ve been more aggressive, but am happy …

With only a couple of days to go before October options expire I wanted to give a quick snapshot of what I have in my account at the moment.  I have eight options contracts expiring on Friday.  I have a …

I charted the NASDAQ 100 Index ($NDX) after the markets closed on Friday, October 14, 2011, as it closed for the week at 2,371.94.
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Once again the S&P 500 ($SPX) closed in on 1,220 and then hit resistance, although I did see a print at 1,221 before it dropped again.  The range has been tight today, which is nice after such volatility recently and …

After yesterday’s resistance held the $SPX  from any gains beyond 1,220 I thought I should remove some downside risk just in case we trade back to the low end of this two month trading range again.  If we …