I wrote about Tetra Tech, Inc (NASDAQ:TTEK) almost a full month ago and considered selling puts on it. My limit never hit and it’s now time to regroup and consider a new move. I made the mistake of not continuing to follow it like I planned to when I entered my limit order, but looking…
Beginner Investor Series: How to Build a CD Ladder
I mentioned in my “About Me” page that my investment account is funded by money that I do not need in the short term. For this investing account that I blog about I have no plans to withdraw any of the principle or profits until I have stopped working full time. To give me such certainty…
CAT – Covered Call
Per my plans in my earlier post, I bought Caterpillar, Inc (CAT) in my IRA for 77.19 and waited briefly before selling a covered call at 1.85. I received $174.25 after commissions. I was planning to get in close to the market open, but once again my coworkers wanted me to work instead of trade…
Mad Money – Filtered Stock Picks
I rarely get a chance to watch Mad Money although I Tivo it and try to watch some, but I generally just read the recap on line. I list all of Cramer’s bullish picks and start my research on them from there. I also make sure none the stocks I have an interest in are…
Option Trade on Alcoa (AA) – Naked Puts
Jim Cramer is ranting about Dow stocks this week. I think he’s on to something with Alcoa Inc (NYSE: AA). While trading at 39.41, I sold 3 OTM puts on AA at the July 37.50 strike for 1.35. I received $392.75 after commissions. I considered selling ITM puts at the 40 strike for 2.40, but quickly…
NYSE Euronext (NYX) is back in play
NYSE Euronext (NYSE: NYX) is fun to watch. I read a good article today on thestreet.com and thought I’d pass it along – http://www.thestreet.com/_yahoo/newsanalysis/stockpickr/10357593.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA I own 100 shares of NYX and have a covered call with a June 90 strike. The way James Altucher tells it I should buy my call back and hang on…
Account Holdings Update
As expected my shares of SLB were “called away” with my covered call for a nice profit over 4 months that started with me selling ITM puts that were assigned to me and then OTM calls that were called away. My CMCSA shares were called away too, although it could have gone either way with CMCSA. …
CMCSA Extends Recent Run
Comcast Corp (CMCSA) is up nearly $1.50 in the past six trading days. Today ends the third options contract I’ve sold on CMCSA and it finished $.03 ITM, only crossing the $27.50 mark again in the final minute of the day after making a run as high as $27.64 mid-day. This was fun to watch…
Cramer Hates Solar
I’ve tried to go against Cramer’s picks in the past, but the man moves stocks too much to fight him. I looked back on my notes on why I sold the FSLR puts a couple of weeks ago and one of my factors was Cramer being bullish on them. With that factor reversed now I…