I’m sitting on what I have still with no changes yet. Have y’all seen the price of FNM this week? It’s down to 27.97. I bought my call back on the day it hit it’s near term high. The only saving grace I have with my ill feelings of throwing away so much cash is that I…
Author: Alex Fotopoulos
Closed 2 VIP Naked Calls
I sold three VIP April 40 calls (VIQDH) a few weeks ago and at the beginning of this week put a limit order in to buy back and close all three. When VIP started its decent again yesterday two hit and I paid $31.49 with commissions. I should’ve let the ride since I have two naked puts at…
Covered Calls on ADBE
A stroke of luck hit me with my ADBE shares. It traded over 35 last week, but closed under 35, leaving me with my 200 shares. ADBE is up more than $1.00 today and that gave me the opportunity to sell in-the-money (ITM) calls on it. While ADBE was trading at 35.55, I sold two…
Current Holdings – Post March Options Expiration
After options expiration this weekend, this is where I stand on my positions. I did no investing research this weekend due to the Easter holiday and our driving to and from family houses yesterday. Below is the summary of how my March options expired and my first thoughts on what I might do next. My ADBE covered calls expired…
End of Month Summary – February 2008
(I was looking for this post and couldn’t find it and finally realized that I must have hit save instead of publish. sorry for the 3 week late update. My losses are much greater since this post, but I haven’t edited anything outide of these parenthesis) I had an average month for my returns in February and…
Closed all FNM Contracts
Too busy at work today to write all details, but in short – I took a big loss on my FNM calls and took small profits on my FNM puts. I should’ve closed this out days ago and finally did it. I started to put an order in to buy shares earlier today and would’ve had…
Chasing FNM up the Ladder + More VIP Naked Puts
I’m very happy I was busy at work this morning. FNM spiked up and then came back. I might have pissed myself had I seen that it went all the way up to 34.59 for a minute. I started watching it while it was declining. Around 10:15 I entered my final order that ended up hitting…
Sold 2 FNM Naked Puts
Fannie Mae (FNM) has been rocketing up today. It broke through the ceiling around 25 that was the 20 day moving average and a downward tilted trend line I drew. I tried selling naked puts early in the day, but kept my ask out of reach of the climbing stock. Finally, while FNM was trading…
Down, but not out
I’ve been tempted to sell new calls today, but haven’t. My paper losses are certainly ugly today and luckily a lot of it is coming from a spike in the VIX. Obviously I’m down on my underlying stocks and my long stocks, but I’m not seeing much long term pain from today. I’m flipping back…