I was planning to wait it out, but decided to get out of AAPL this afternoon with a ~$30 profit. I sold one naked put a couple of weeks ago. I was up $300 as of this morning on paper, but held and saw AAPL’s price fall throughout the day. I gave in when I saw an…
Monsanto Naked Puts
Monsanto (MON) is another of my favorites for selling options on. I think it has a good long term chance of moving higher and it’s volatile which pushes the premiums higher. While MON was trading at $117.09 I sold one April 100 naked put (MONPC) and received $299.25 after commissions. It went above 120 briefly…
Easing Back In With DSX Naked Puts
DSX is so volatile that I figured it would drop again some, but the premium for the April 25 was so high already that I didn’t want to miss out if it stabalized or even just went up a little more. The bid/ask was around .85 yesterday and I put my order in to sell…
Post Option Expiration Trades
After my February covered calls and naked puts were called away and assigned I had the need to recover some and open new positions. NVDA – Those who are tired of my rambling on about NVDA will be happy to know I should be done with it for a little while. I opened the day…
Diversification of My Portfolio
I updated my diversification table on my Current Portfolio page and below. I’m far too heavy in Tech since options expiration. What kept me balanced before expiration is no longer part of my account and now I have half of my plays in Tech and it’s worse than that considering the dollar amount for each….
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S&P 500 Chart – February 15, 2008
I’m taking the rare break to pat myself on the back today. If you look at last weekend’s chart of the S&P 500 ($INX) you’ll see I drew the line that acted as a floor and a ceiling again this week and (out of shear luck maybe) the $INX closed at 1,349.99. I predicted 1350 as the near…
February Options Expiration
I’ve talked a lot lately about my bad trades, but I am taking a moment to reflect on the good which is most of what I’ve had the past few weeks. It’s just that one bad trade can beat out a few good trades. It continues to be a numbers game with my trading model. I…
NVDA Option Assignment
I’m glad I was planning to take the NVDA 32.50 naked put option assignment. Someone pulled the trigger on me yesterday, so the shares were assigned this morning. I received this email from TD Ameritrade: You have recently been assigned the following option position: 4 UVANZ I have been surprised this wasn’t assigned earlier considering the…