I finished off of my highs of the year and I still pulled out a 26.27% return for all of 2007. I’m really happy with my account for 2007. I always like to compare myself to the indexes, especially the S&P 500 since I’d likely have a large part of my portfolio in an index…
Unemployed/Re-employed
Today was my last day on my job at AT&T. Luckily, I received an offer yesterday and accepted the position in writing before going in to the office to turn in my laptop, badge, etc. Nothing like waiting until the bottom of the ninth with two outs and two strikes… I’m taking the next two…
Dreamworks (DWA) Waking Up
Could it be that one of my worst trades of the year will work out for me? I sold three naked puts a few months ago on DWA only to see it drop big. During that fall I sold six calls on it. Three of those calls were covered with my shares gained through my…
NVDA Naked Puts, again and again
Had I waited a few minutes I could have included this trade in my last post. I keep coming back to NVIDIA (NVDA) and it keeps working, so let’s hope I’m not pushing my luck (skill?) with this order. While NVDA was trading at 35.86 I sold four February 32.50 naked puts (UVANZ) and received $507.00 after…
Diana Shipping (DSX) Sales Again
Yes, that was an intentional pun – sales/sails – maybe not as funny if I have to explain it. DSX was trading at 29.17 when I bought my December 30 naked puts back last week. It finished the day lower on that Friday and then rebounded on Monday. Today it’s down again and I watched…
Dow Jones ($INDU) Chart – December 21, 2007
I’m keeping this week’s Dow Jones Industrial Average (aka DJIA or $INDU) brief this week since it’s a holiday week. The chart below tells the same story as last week, we’re still stuck in a trading channel. What we can’t say for sure yet is which way we are likely to break or even when…
Closed my DSX Options for a Profit
This morning I said I would NOT buy my DSX options back for a loss since it looked like it was ready to rebound. It did – starting about seven minutes after I posted my analysis. I rose $1 which was nearly all intrinsic value for my naked puts, so I decided to exit with…
Taxes and Option Trading
When I first started selling options I had a lot of questions about how the taxes worked with it. At the end of my first year of selling options I asked a neighbor who was a financial advisor how I should account for options that had not expired yet. He said he’d have to check…
DSX Stock Chart Analysis
I’m short four DSX December 30 naked puts. DSX is trading at 28.13 as I write this before 10:00 am on the last day to trade these contracts. With as many stocks as I already hold long in my portfolio, I’d typically take the loss in this situation, especially at the end of the year where…