Earlier today I mentioned I was leaving a limit order to sell covered calls on my 300 DWA shares. While DWA was trading at $22.79, my limit order hit and I sold three March 25 DWA covered calls (DWACE) and received $257.75 after commissions. I screwed up on DWA a while ago and let emotions get the…
Author: Alex Fotopoulos
Building it back with Aluminum – Alcoa (AA)
Alcoa (AA) beat earnings after close yesterday and was up in after hours trading, but fell with the rest of the markets this morning. I took that opportunity to sell naked puts on it. While AA was trading at 31.59 I sold four February 30 naked puts (AANF) and received $387.00 after commissions. I missed…
There’s The Bull?
With all of the pessimism in the market these days, how many more weeks/months can the bull market hide still? I get the feeling this older bull on the left is just sitting back telling the young one on the right his stories of glory and has forgotten to do his job lately. I drove…
Boeing cannot stay airborne
I’m back to BA after talking about it pre-market. I own 100 shares and I’m down decently on it. I’ve sold covered calls so far and made more money back on top of my naked puts, but now the chart has collapsed, again. While BA was trading at 80.71 I sold two new February 85…
$%&! Timed Vacation
I walked into a bad time to have some time away from my computer and the markets. Since my job ended two Friday’s ago I haven’t had much time to sit at my computer and catch up on the markets and my holdings. I’d glance at the headlines on my phone when I could and…
Dow Jones ($INDU) Chart – January 4, 2008
I plan to continue my weekly index charts throughout 2008 since I have received some good feedback during 2007 and I chart them for my own benefit anyway. I’m starting with a weekly chart of the Dow Jones Industrials Average (DJIA or ticker $INDU) going back to May 2007. I have to point out that the fundamentals overshadowing the markets took more control of the…
Investing in Payday Lending
The payday lending industry is on the rise on Wall Street. There are already several publicly traded payday loan companies, and the question has to be asked, why is Wall Street so welcoming to payday lending? It’s because they know that the cost in living and the high availability of payday loans are a driving force…
More Adobe (ADBE)
I own some Adobe shares in my IRA and have covered calls on it. I still like it long term and last week decided to put a limit to sell some puts on it. While ADBE was trading at 40.48 my limit order hit and I sold two February 40 naked puts (AEQNH) and received…
Year End Account Summary – 2007
I finished off of my highs of the year and I still pulled out a 26.27% return for all of 2007. I’m really happy with my account for 2007. I always like to compare myself to the indexes, especially the S&P 500 since I’d likely have a large part of my portfolio in an index…