I sold naked puts on USO last year and then assigned the shares at expiration. I then sold covered calls a few times before finally getting out completely when I sold my 300 shares on November 25th for $42.68. USO continued to fall for a few weeks and then turned north again. I’ve been eyeing it and waited…
Sold DRYS Covered Calls
I’ve been getting nervous about my pile of DRYS shares and long calls. I bought my 600 shares through a series of naked puts throughout last year and bought the six DRYS calls in November when DRYS was trading at $3.53. Not counting the premiums I’ve received through the naked puts and covered calls since…
Sold AAPL Naked Puts
Apple, Inc (AAPL) released news that Steve Jobs health concerns are related to a hormone imbalance and that he should recover in a few months. Assuming that’s true AAPL started to rally. Actually, it had the biggest lump of it’s rally on Friday, before the news was public. That’s fishy to me, but not so much…
Year End Account Summary – 2008
What a difference a year makes! At the end of 2007, I was ready to plan my retirement in my 40s (I was 36 then) after finishing the year with a more than 26% gain (better than quadruple most of the major indexes’ returns). At the end this year I’m starting to plan how I…
2009 Stock Picks
I’m joining a few other financial bloggers in a friendly competition. We all agreed to pick four stocks or ETFs and watch each other throughout the year with quarterly updates. My top stock and ETF picks for 2009 in no particular order are DRYS, NDAQ, SSO and USO. DRYS – Closed 12/31/08 at 10.66. This is…
Sold Covered Calls on MON, TDW and JOYG
I was waiting for the Santa Claus rally and then thought maybe he got lost and would come around for a nice end of the year present, but apparently the reality of our economic situation is still hanging heavy on the few investors who are in their trading seats this week. Personally, I’m on vacation…
NDAQ Chart – December 22, 2008
Barron’s highlighted NASDAQ OMX Group Inc (NDAQ) a couple of weeks ago as a stock to watch and I’ve been watching, but can’t see the right time to get in yet. I’ve charted it every day for the past week and have waited to see in which direction the triangle would break. Luckily I didn’t get…
Sold Covered Calls on CELG & FCX – Dumped AA, CHK, CMI
While CELG was trading at $53.33 I sold two CELG January 55 covered calls (LQHAK) for $2.20 each and received $428.50 after commissions. I think CELG will bounce back from it’s current price, but I’m not so sure that I don’t want to get some early profit in my account now rather than risk me being…
Dow Jones 10 Year Chart – December 19, 2008
I charted the Dow Jones Industrial Average (aka DJIA or $DJI and previously $INDU) for the past 10 years using monthly price ranges as of Friday’s close. I was planning to chart the 20 year view, but most of what seemed more interesting has happened over just the past 10 years. I made notes on the chart below…