A My Trader’s Journal reader, Zino, had a great comment on my post from earlier this week where I announced my plans to start studying for the Series 65 Exam. I started to reply below his comment and finally it got so long that I decided to move it to a post of its own. …
Studying for the Series 65 Exam
I’ve started studying for the Series 65 exam. The Series 65 is the Uniform Investment Adviser Law Exam and is required in the State of Georgia to become a Registered Investment Advisor (RIA). My plan is to work as a Registered Investment Advisor under a company I’ll form while I maintaining my current job. Once…
Sold NVDA June 9 Naked Puts
I sold naked puts on NVDA last year bought them back for a loss rather than take the option assignment. I also sold naked calls before finally getting out with a loss for the overall series of NVDA option trades. NVDA was trading at $10.92 when I bought those puts back. It went farther south before bouncing…
DJIA Chart ($DJI.X) – May 15, 2009
If the timing of the Dow Jones’ recent price changes had not fallen on a weekend (when I post my index chart series) I would’ve posted this chart out of cycle in the middle of the week as I did when the same indicators called the S&P 500 bottom two months ago. It’s that big! Back then…
May 2009 Options Expiration Recap
I had another pretty good month with my options going my way for the most part. I continue to reclaim losses from last year and am easing my account balance a little higher with each month’s options expiration. Here’s how it broke down for me with today’s option expiration: DIA – I closed my DIA…
Closed DIA Vertical Call Spread
I spent the first 45 minutes of today watching DIA and trying to figure out what my best exit price would be on my vertical call spread that didn’t go according to my plan. Finally, after raising my limit order twice, my third order for a debit of $0.80 hit. While DIA was trading at $83.27…
Sold NDAQ Naked Puts – June 17.50 Strike
Not even a full week ago I closed my NDAQ May 20 naked puts for a profit. I expected NDAQ might be near the top of its range or at a minimum I thought it would dip again before it rising much more. I bought back those naked puts last week for $0.80 each. As I…
S&P 500 Chart Review – May 8, 2009
Happy Mother’s Day to all moms today! I’m making this short today so I can go spend the day with my wife, my mother and my mother-in-law. I wanted to get this same chart (a week later) up from last week. Four of the trend lines remain intact. I’m expecting a strong bit of resistance…
Closed NDAQ Naked Puts for a Profit
NDAQ has been a volatile play for me and I’ve profited a few times on my options, but felt I was starting to tempt fate with some wild moves in the stock. This morning NASDAQ OMX said they are losing market share. The details go much deeper, but that was enough for me to take…