Author: Alex Fotopoulos

FCX I didn’t even know this one hit yesterday until I was checking something else this morning.  While FCX was trading at $26.27 I bought to close two FCX November 40 covered calls (FCXKH) for $0.50 each and paid $111.49 with commissions.  I’m expecting FCX to come back some and want to have room to sell…

Two days ago I sold covered calls on MON on top of the 100 shares I own (long).  Today I bought those calls back for a profit.  While MON was trading at $79.93 a few minutes after opening this morning I bought to close my MON November 90 covered call (MONKU) for $3.20 and paid…

With the markets taking another dive today I bought my original naked puts back for a profit this morning since I expected the fall to continue through the day and now that it’s down deeper I decided to get back in at a lower strike.  I do not claim this is a bottom, but do think I am…

DIA I started the morning by taking a profit.  On October 17th I sold two November 83 puts (DAVWE) at $4.30 and received $848.50, today while trading DIA was trading at $88.02 I bought to close DAVWE at $3.50 and paid $711.49 with commissions.  That gave me a realized profit of $137.01 for this trade.  I’m still long (aka own) two December…

Today I’m feeling a little vindicated in my theory that missed the mark a little yesterday.  The markets were down some for the day.  I’m pulling some profit back in on covered calls I sold yesterday.  With the reality settling in that the path back up won’t be a straight vertical line I sold more covered calls…

I had a busy morning trying to get in some trades while juggling work. With the fear that the market would decide that going up wasn’t the best idea yet, I started selling covered calls. I sold some of these too early and could have done better on prices if I had waited a few…