For those who don’t subscribe to Barron’s (you should), this week included an update from the roundtable they did at the beginnning of the year. It started like this: “DOW 14,000, OR BUST. Suddenly either alternative seems possible for stocks, as the outlook for interest rates turns murky. The Dow industrials and the Standard & Poor’s…
Foster Wheeler Ltd (FWLT) Naked Puts
I read a good bullish article on Foster Wheeler (FWLT) in the June 18th issue of Barron’s. It was actually a follow-up on a previous story they ran a while back. I forgot to bring it in to work to quote it exactly, but in short it said they have a lot more room to…
Boeing Co (BA) Covered Calls
In my IRA my Boeing (BA) shares were called away a couple of days ago due to my covered call being ITM. BA closed on Friday at 98.15. From Friday’s close to now BA has dropped a little over a dollar. I’m still bullish on the aerospace industry and jumped back in when BA hit…
Allegheny Technologies Inc (ATI) Naked Puts
I wrote about ATI a couple of times last week and basically lucked out with Friday’s closing price finishing 4 cents in my favor OTM. Yesterday ATI dropped back below my previous strike of 110 and today it has bounced around even and slightly down. I still like ATI’s fundamentals and I’m still trying to…
Alcoa (AA) Update
I read a good article on Yahoo! today that reinforced my Alcoa (AA) naked put selling and my post that went with it on 5/22. So far, it seems I made the right move, but I don’t see AA as the best place to sell new naked puts for now. This Yahoo! article makes a good…
NYSE Euronext (NYX) covered calls vs naked puts
I own 100 shares of NYX in both my IRA and my taxable brokerage account. I sold an August 80 (NYXHP) covered call in each account on NYX this morning as the price of the stock continues to slide. 80 has been a strong line of support and I thought NYX might bounce off of it…
Charting the Dow ($INDU)
This week’s chart of the one year weekly Dow falls into the same lines from last week, so this post will be short. (Also it’s Father’s Day and I should be warming up the grill now.) The past 2 weeks shown in circle A are interesting to me since they seem to be showing a…
Waiting Pays Off
ROFL – Just a couple of days I wrote about my consideration of dumping everything and starting over. I’m up $1500.00+ since then. Yes, the decimal is in the right place. By writing down my thoughts (another example of why keeping a trader’s journal is so important) I realized that every position I owned was…
What is Risk Worth?
Among the many reasons for stock declines that pundits threw out there while bond yields went up was that investors might be dumping stocks because the risk premium isn’t worth being in stocks compared to being in bonds. I understand bond yields reached the teens before I was a stock investor. Investing in bonds then…