Like yesterday, I don’t know what reminded me to give Burlington Northern Santa Fe Corp (BNI) another look. I don’t see it in my notes and seem to remember coming across it on my spreadsheet I use to track potential returns. I’ve traded on it before and on Sunday, June 1st, I entered a limit…
Sold DRYS Naked put
I can’t remember what turned me back towards DryShips Inc (DRYS) back on Sunday, June 1st, when I entered my order to sell options on it. They’ve been covered by Motley Fool, Barron’s and TheStreet.com among others many times. I already have a position in one of their competitors, DSX, and didn’t want to add to my position…
Sold TDW Naked Put
I got this idea from Jim Cramer’s Mad Money show on Friday night. I only watched about 20 minutes of the show, which is pretty much the norm for me if I get to watch it at all. (I skipped Monday night’s show to watch some Eurocup soccer while my wife is out of town.)…
New Trade Ideas Page
I created a new page that I’ll be using as my scratch pad for new option trade ideas on stocks I’ve read about through various sources. The format isn’t set with how I’m starting it now, but I expect to list the ticker, date and source from where I found the idea. As I read various…
Dow Jones ($DJI) Chart – June 6, 2008
I left the day on Friday thinking we had a long rough road coming for this market. Now I’m not sure since I charted the Dow Jones Industrial Average (aka DJIA and ticker $DJI). The DJIA closed the week at the point of two trend lines that could offer some support. Aside from the lines that…
Closed SPY Calls for a Loss
Lots of bad news (oil up, unemployment up, dollar down) hit the markets before the market’s open as we all saw. Immediately I thought about the SPY calls I should’ve closed yesterday before market close. I had a ~30% gain in the bag, but stayed greedy and hoped for more. The SPY June 142 calls (SFBFL) that I bought for…
Bought More SPY Calls & Sold ETN Naked Put
Yesterday I saw the S&P 500 index ETF, SPY, was down since I sold the last couple of calls I had and it was on its trend line of higher lows. This would typically make it an ideal time to buy calls, like a couple of weeks ago when I did it and made a…
Sold JOYG Naked Put
I’ve traded Joy Global Inc (JOYG) in the past and decided to come back to it and sell out of the money puts. I put my order in over a week ago and as I went through my open limits yesterday I saw that my order was far from hitting based on the price I…
Freeport-McMoRan Copper & Gold Inc (FCX) – Sold Naked Put
Barron’s highlighted FCX in the June 2nd issue in an article about social network stock pickers. From Marketocracy.com, T.J. White has done well with FCX. I charted it on Monday after close and thought he had a good idea going. FCX has been trading below its 10 and 20 day moving averages, but is a few points…