As hesitant as I’m trying to be, I don’t want to roll through the rest of May without opening any new positions. AA caught my eye this morning again. As a previous winner, I figured AA could work out for me again. On the same line of thought, if the markets decide high oil isn’t…
Portfolio Summary – May 19, 2008
I updated my current holdings page. Here’s a screen shot of my account as it stands today. I only have June options remaining and two long positions which are both covered with call options. I could use one more June option before I start selling July options, just to better balance my account evenly between the…
S&P 500 Chart – May 16, 2008
I mentioned in last week’s Dow Jones Chart that I thought support was showing and the DJIA could tick higher. It did. I came back this week to chart the S&P 500 ($SPX.X). This is a six month chart of the S&P 500 as opposed to the slightly longer chart last week and therefore has…
Option Expiration Friday – May 2008
Options were good to me for yet another month. With today as the last trading day for May options, I can be happy with almost all of my trades. These are all going in my favor – the naked puts are expiring worthless and the covered calls are being exercised, releasing me from holding the underlying…
CBOE VIX Hits Seven Month Low
The CBOE Volatility Index (^VIX) has been on a downtrend since its high on March 17th and this morning made it down the lowest point it has seen since October 11th, more than seven months ago. Last June I asked if the VIX still matters. By August the VIX was at a five year high…
Closed AMAT Naked Puts and Calls
I closed out my AMAT exposure at the end of Monday’s trading day, prior to earnings release Tuesday after close. Originally, I sold May 20 naked puts (ANQQD) on AMAT when it was at 21. Less than two weeks later AMAT was down to 18.90 and I sold May 20 naked calls (ANQED) on it. …
I Reached My Investing Goal Milestone Early
As an investor I try to keep my eye on the bigger picture of account growth versus individual stock performance. Clearly some stocks will be winners and others will be losers. To help me keep my focus last year I created a chart for milestones of where I wanted to be by the time my birthday…
Dow Jones (DJIA) Chart – May 9, 2008
I am recharting the DJIA ($DJI) this week using a slighty different angle for the upward trending line of higher highs. I’m doing this for two reasons. One is to show that picking the exact points on a chart can change the story if you are a little bit off and the other is to…
Fascinating Read on DeepCapture.com
I pulled this from “In Play” on Yahoo! Finance today. They referenced this press release from overstock.com’s Web site. (I watch In Play throughout the day to get the short story on what’s moving the markets.) 9:08AM Overstock.com issues press release related to Reg. SHO (OSTK) 20.15 : Co announces that “yesterday marked the 800th trading day that…