I charted the Dow Jones Industrial Average (DJIA, $INDU, $DJI) after the index closed on Friday, August 13, 2010, at 10,303.15.
S&P 500 Chart – Straddling the 200 Day Moving Average
I charted the S&P 500 ($SPX) after the markets closed on Friday, 8/6/10, when it finished the week at 1,121.64.
End of Month Summary – July 2010
July was a very good month for me, as I’m sure it was for all investors who were long stocks. By the end of July my combined accounts balance was $112,122.50. I have my equity based assets with Interactive Brokers ($100,777.73) and my debt based positions with TD Ameritrade ($11,344.77). Quicken was a little off and said my combined balance was $112,293.24,…
Dow Jones Chart – Failed at Moving Averages
I charted the Dow Jones Industrial Average (DJIA, $INDU, $DJI) after the index closed for the month on 7/30/10 at 10,465.94.
Sold September UCO Strangle
I’ve waited long enough without covering my UCO shares with calls. When I finally got around to it this morning I decided to add some more downside exposure at the same time with new naked puts to go with the covered calls. Until today I couldn’t get myself to accept the premiums for the risk…
Sold MS Strangle for September
I’ve been patient with my little Morgan Stanley (MS) position after I bought 100 shares at $29.00 from an option assignment only to see it dive down below $22.50. They’ve made a nice comeback and might keep going, but I decided to take some profits while I can. MS could hit resistance before it gets to $28.00. On…
S&P 500 Chart – Range Bound
I charted the S&P 500 ($SPX) after the markets closed on Friday, 7/23/10, when it finished at 1,102.66 for the week.
Sold More VXX Naked Puts
I’m having a fantastic month so far which typically means my luck is about to run out. (The IB portion of my account got above $100k today after finishing June just above $90k, plus a $3,000 deposit I sent in early this month.) Before anyone says anything, I know that’s not an actual scientific/reasonable way…
VXX Chart – Solid Support
I charted VXX this afternoon a little after 3:00 pm when it was trading at $26.74. I’ve mentioned VXX a couple of times and have a two August 24 naked puts I’m sitting on. I’m considering adding some more at lower strikes. I’ve been sprinkling in a few 21-23 strike puts for some clients and…