Of course I’m talking about Potash Corp of Saskatchwan, Inc (NYSE: POT), the fertilizer and industrial feed company. It’s in the Basic Materials sector and Nonmetallic Mineral Mining Industry. It’s close enough related to MON which I have a position in that I won’t be trading any more Basic Materials companies for a little while to stay…
Good Article from Fortune (money.cnn)
I saw this article on money.cnn and thought it was worth sharing. Basically it highlights the same thing that many of us have read for years – the roaring 80s and 90s won’t be seen again. I take from this yet another reason to follow the naked put selling trading model. If the markets stay…
More VIP Options
I’m already short (I sold) two April 35 puts on VIP. I tried selling April 45 calls, but set my limit to high. I let a lot of cash slip away on that as I watched VIP come off its highs and finally lowered my limit a couple of times and then just went with the…
Dow Jones ($DJI) Chart – February 29, 2008
After charting the S&P 500 ($INX) the past couple of times I moved back to the Dow Jones Industrial Average ($DJI) again this weekend. The charts are very similar as you’d expect. The triangle I had drawn for the S&P 500 a couple of times broke higher one day and then back lower with a vengeance. …
What’s that HUM?
On Tuesday morning while I was starting to get trigger happy as I mentioned a couple of days ago, I turned to thestreet.com and read the summary from Monday’s Mad Money. I was ready to find something new. I listed all of Cramer’s bullish picks and only found a couple I considered met my criteria. Humana…
CELG & DIS – Trigger Happy?
I might have gotten a little trigger happy today. My limit orders weren’t hitting, so I reduced a few of them and two hit 30-40 minutes later. CELG – I sold one April 55 naked put (LQHPK) and received $239.25 after commissions. DIS – I sold three April 32.50 naked puts (DISPZ) and received $302.75…
Sold SFLY Uncovered Calls
I’m still betting against SFLY. It found support not far below its current price, but I think the upside is very limited. I lowered my targeted strike and today while SFLY was trading at 16.27 I sold three April 17.50 calls (QFYDW) on it and received $257.75 after commissions. Those three calls are the total volume…
Foster Wheeler (FWLT) Naked Puts
FWLT is one of those stocks I like to keep coming back to. It’s volatile enough to give good premiums and profitable enough that I don’t see a complete wipeout in their future. They missed earnings today which made the stock drop more than 10% at open. I saw the headline and was happy I hadn’t…
No Index Chart
I didn’t get around to charting an index this weekend. We were pretty busy – Mother-in-law came over Friday night, Funeral on Saturday and I replaced my Dad’s computer on Sunday. Apparently, computers over 10 years old suck and don’t like to have data transfered without freezing up at least a dozen times. In the…