I saw this article on money.cnn and thought it was worth sharing. Basically it highlights the same thing that many of us have read for years – the roaring 80s and 90s won’t be seen again. I take from this yet another reason to follow the naked put selling trading model. If the markets stay…
Author: Alex Fotopoulos
More VIP Options
I’m already short (I sold) two April 35 puts on VIP. I tried selling April 45 calls, but set my limit to high. I let a lot of cash slip away on that as I watched VIP come off its highs and finally lowered my limit a couple of times and then just went with the…
Dow Jones ($DJI) Chart – February 29, 2008
After charting the S&P 500 ($INX) the past couple of times I moved back to the Dow Jones Industrial Average ($DJI) again this weekend. The charts are very similar as you’d expect. The triangle I had drawn for the S&P 500 a couple of times broke higher one day and then back lower with a vengeance. …
What’s that HUM?
On Tuesday morning while I was starting to get trigger happy as I mentioned a couple of days ago, I turned to thestreet.com and read the summary from Monday’s Mad Money. I was ready to find something new. I listed all of Cramer’s bullish picks and only found a couple I considered met my criteria. Humana…
CELG & DIS – Trigger Happy?
I might have gotten a little trigger happy today. My limit orders weren’t hitting, so I reduced a few of them and two hit 30-40 minutes later. CELG – I sold one April 55 naked put (LQHPK) and received $239.25 after commissions. DIS – I sold three April 32.50 naked puts (DISPZ) and received $302.75…
Sold SFLY Uncovered Calls
I’m still betting against SFLY. It found support not far below its current price, but I think the upside is very limited. I lowered my targeted strike and today while SFLY was trading at 16.27 I sold three April 17.50 calls (QFYDW) on it and received $257.75 after commissions. Those three calls are the total volume…
Foster Wheeler (FWLT) Naked Puts
FWLT is one of those stocks I like to keep coming back to. It’s volatile enough to give good premiums and profitable enough that I don’t see a complete wipeout in their future. They missed earnings today which made the stock drop more than 10% at open. I saw the headline and was happy I hadn’t…
No Index Chart
I didn’t get around to charting an index this weekend. We were pretty busy – Mother-in-law came over Friday night, Funeral on Saturday and I replaced my Dad’s computer on Sunday. Apparently, computers over 10 years old suck and don’t like to have data transfered without freezing up at least a dozen times. In the…
Dumped my AAPL Naked Put
I was planning to wait it out, but decided to get out of AAPL this afternoon with a ~$30 profit. I sold one naked put a couple of weeks ago. I was up $300 as of this morning on paper, but held and saw AAPL’s price fall throughout the day. I gave in when I saw an…