I made two trades yesterday (Friday). I started with Burlington Northern (BNI) from a limit order I had from a day earlier. While BNI was trading at $102.63 I sold one BNI September 95 naked put (BNIUS) and received $259.25 after commissions. I’m already long 100 shares of BNI from the July 105 naked put…
Author: Alex Fotopoulos
Month End Summary – July 2008
I’m glad to be done with July. I finished the month with a realized gain of $736.04, but have a pile of paper losses waiting for a rebound or to be realized when I close my positions. On paper, I lost $4,434.45, but the bright side of that is that I was down around $7,000 briefly. I’m…
Sold Qualcom (QCOM) Naked Puts
I finished July options expiration with a full profit on QCOM and planned to get back in last week, but had some other orders hit before my QCOM order could. I don’t like selling all of my month’s options within a day or two of each other in case there’s a big market move against…
S&P 500 ($SPX.X) Chart – July 25, 2008
This morning I charted the three year weekly chart for the S&P 500 ($SPX.X) ending Friday, July 25, 2008. I started off trying to find a bullish trend line I could point out that showed something positive for us to see and went all the way back to the 20 year view before I decided that we…
Chesapeake Energy Corp (CHK) Chart
Chesapeake Energy (CHK) has seen better days, including back up at $60 where I sold two naked puts. I charted it (below) today to see where I should price some naked calls to try to cut my losses some, but was surprised with the action I decided to take. The way I chart CHK’s stock,…
Current Portfolio Update
I updated my current portfolio page and pasted the same screen shot below to show what I’m holding now. Unless I have a huge rally next week, July will end up being my second biggest down month. Right now I’m down about $7,000 since the first of the month. That’s more than 7% down in a month. …
Sold FCX, CMI and DRYS Naked Puts, again
After my Freeport McMoran (FCX) July 105 naked put expired last week and assigned me 100 shares I sold those 100 shares when FCX rallied. The next day FCX dropped $8+. I thought my limit was going to hit for the September 95 naked puts, but I priced it too high. This morning I changed my…
5 Trades This Morning – AA, BNI, FCX, JOYG, KFT
As I wrote earlier today I had a lot of option assignments from this past Friday’s option expiration. Kraft (KFT) was one from earlier in the month as an early assignment. I held it for two weeks without selling covered calls on it. KFT closed at $28.70 the day before my shares were assigned. Today…
Options Expiration – July 2008
I’m still trying to get my bearings after missing the past two trading days and not even returning from vacation until Sunday evening. Since I’m just now trying to get my hands around what happened I haven’t figured out all of my exact profit and losses for each position with so many balancing trades that countered…