I thought about taking a break from the market while this whole bond yield issue works itself out. I was thinking that I have had a good run and should just sit back and let the dust settle for a while. Why should I risk all of the gains I’ve made when a fast decline…
Chart vs Fundamentals on Allegheny Technologies, Inc (ATI)
I might be doing some wishful charting on ATI. I’ve gone all of the way out to the monthly charts to find a moving average that supports holding onto it. The 10 month average for ATI is around 97. ATI is trading at 107.40 as I write this. I sold my June 110 naked put…
The Art of My Trading Model
While I try to follow hard and fast rules on the way I invest, I am starting to realize that a lot of it is more of an art than a science. I was asked if I ever buy back a covered call and re-write it at a new strike. I couldn’t recall the last…
Owning NUE or Watching Sopranos – which is worse?
We wasted yet another hour watching the season finale of The Sopranos last night. We went to bed pissed at such a pitiful ending to a show that had so many good episodes (not counting the last 2 seasons).Being disappointed with the last season of The Sopranos, we held back on watching this season so far…
Charting the Dow ($INDU)
This week’s view of the one year weekly Dow ($INDU) chart is really interesting to me after the much needed pounded we finally received last week. I would have been happy with the chart even if we didn’t have the Friday rally. Check out circle A on the chart below. It marks the low of the…
Learning from my Trading Mistake on TV
Grupo Televisa SA (TV) was a bold move for me when I sold the naked puts ITM and it was flying in my direction until ethical law makers got in the way and decided to essentially spread out the rights to frequency freed up by technology gains. This is my list of what I should…
Calls vs Puts
I had an interesting exchange in a Yahoo! Finance Group where I’m a member yesterday and then Kadena commented and posed the similar question early today on this blog. I figured the topic of calls vs puts was worth covering a little deeper without covering more advanced strategies of combining two or more of these in straddles, strangles,…
Option Trades: Naked Puts Sold on ARRS, MRO and CHK
When it rains, it pours. After not selling any options for nearly two weeks (since the MON naked puts on 5/25) three of my limit orders hit this morning. Hopefully this is just the small correction I’ve been waiting for. I sold four July 15 naked puts (AQCSC) on Arris Group, Inc (ARRS) this morning when…
Covered Call Mutual Funds
Smart Money magazine has an ariticle in the July edition on mutual funds that use covered calls. Their picks are FFA, BDJ and NFJ. I’m not going to go into much more depth than just to mention it for any who would like an approach that requires less time invested than doing it yourself. I…