As if the past few days of $1000+ losses weren’t bad enough for me, NVDA took a nose dive pre-market today and never recovered. It closed the shortened trading day down 30%. They took a major charge for a production glitch and piled it on by lowering quarterly sales forecast. I am sitting on four August 17.50 naked…
Sold AA and BA Naked Calls
Today was insane. I saw the Dow down 120, then up 20, then down 150 and then up 30 by the end of the day. I had a hard time focusing on my work and I’m sure more than a couple of coworkers noticed me charting all my stocks and then studying my spreadsheet for what I should do. Once I…
Month End Summary – June 2008
June was a rough month for the DJIA. It dropped 10.2% in June. My account lost 1.78% for the month. I took a realized gain of $2,555.01 for June and delayed a loss on VIP where I’m down $1,000. I’m now destroying all the major indexes for the past year with my slightly positive 12 month return. My current…
What I Own Right Now
I updated my current stock and option portfolio page with my current positions and will update my month end results at the end of business today. If all of my July naked puts are assigned I’d be on margin by a few thousand dollars, but don’t expect that to happen. Add in my few August…
S&P 500 Chart – June 27, 2008
Last week I charted the Dow Jones and said the break of the trend line was a bearish indicator. The only hope would be that the $DJI didn’t stay below that line the following two days. Instead, the $DJI edged lower and we ended up with a horrible Thursday well below that line. I’ve made…
Sold MON Naked Put
This is turning into a recurring theme for me. Instead of finding new stocks to trade on, I’m going back to previous winners and trading again. This time I came back to Monsanto (MON) to try to squeeze out another profitable trade. I sold June 110 naked puts on MON last time. Before that I…
Sold New VIP Naked Puts
Just after 3:00 pm yesterday my order to sell VIP naked puts hit. While VIP was trading at $29.32 I sold two VIP August naked puts (VIQTF) and received $438.50 after commissions. I raised my limit order during the day hoping to catch VIP as fear built and the premiums rose more than they should. …
Sold New NVDA Naked Puts
It’s been more than 30 days since I took my loss on NVDA. That allows me to avoid the wash rule and get back in to trying to pull out a profit on it. If I had gotten right back into NVDA within 30 days after I sold it, I could not have written off…
Sold new CELG Naked Put
I bought back the CELG naked put I had for last week’s June option expiration. I would have done better to let it get assigned and then either sold the stock for a profit (trading at 61.30 now at 1:41 Tuesday) or sold a covered call on it. I didn’t have a good feel for…