I tried to sell my AVAV shares on Monday, but it didn’t make it high enough to hit my limit order so today I changed my plan. I decided to keep the shares and sell covered calls instead. While AVAV was trading at $24.75 my order finally hit and I sold two AVAV August 25 covered…
JPM Option Strangle
Last week I mentioned that I took an option assignment on my JP Morgan (JPM) naked put. I sat on the shares for a little while trying to decide how to make my next move. I thought JPM might have some more upside, which it has since I was forced into buying the shares, but was…
DJIA Chart – June 18, 2010
I charted the Dow Jones Industrial Average ($INDU, $DJI, DJIA) after the markets closed on Friday, 6/18/10, after it finished the week at 10,450.64.
June Options Expiration
I ended up making a few option trades today, but not exactly as I planned to yesterday. I started off this morning with CVS. I traded CVS a while ago and been waiting for another good entry point. They’ve been down on news of their “fight” with Walgreens. News came out that they appear to…
JPM Option Assignment
I’m actually surprised this didn’t happen sooner. My JPM June 48 naked put was more than $10 in the money as far back as May 20th. Finally the inevitable happened and option was exercised and I was forced to pay $48 per share for $100 shares of JPM, about $9.50 more than the current price. …
Book Review: No One Would Listen
I received another free book to review a couple of months ago. This was one I was excited about and finally found the time to read it while on vacation last week. No One Would Listen: A True Financial Thriller is the story of Harry Markopolos’ attempt to bring down Bernie Madoff for years before Madoff’s Ponzi…
S&P 500 Chart – June 11, 2010
I charted the S&P 500 ($SPX) after the markets closed on Friday, 6/11/10, after it finished the week at 1,091.60.
Rethinking Options Approach
I have a lot of non-investing stuff going on this week with my family and won’t be trading at all. Knowing that, I wrote this post last week since I knew I wouldn’t be able to get any other posts written. This is also why I didn’t get an index chart posted over the weekend. I recently noticed…
Month End Summary – May 2010
I finished May with a combined balance of $105,869.10 ($94,665.44 in IB and 11,203.66 in AMTD). Quicken is slightly off the mark as it reports I have a combined balance of $105,924.16. I ended April with a balance of $107,589.47 which means I’m down $1,665.31 in addition to the $3,000 deposit I made at the beginning of…