I’ve been holding tight on a few of my stock picks that have taken some punches during this recent correction. I kept thinking they would turn around soon and finally they are doing so. As luck would have it, I’m getting busy at work for the first time in a while and I’m not sure…
Author: Alex Fotopoulos
CISCO (CSCO) Ahead of Earnings
I own 100 shares of Cisco (CSCO) in my IRA that I bought to help remind me to keep an eye on it. I planned to buy more if it came down some and maybe even if it went up. Yesterday I noticed CSCO’s chart was hitting its trend line of higher lows and at…
Dow Industrials ($INDU) Chart 8-3-07
I left to go out of town on Friday around 3:00 in the afternoon when the Dow ($INDU) was only in its early slide that knocked out over 250 points in the last two hours of the day. When I shut my computer down, the Dow was down less than 100 points, above the support line…
Chipotle (CMG) Looks Tasty
Jim Cramer went crazy about Chipotle (CMG) last night on Mad Money. The stock has taken off since earnings were announced this week and it gapped up to a new high yesterday. The option premiums are rich due to the high implied volatility for puts. I have an order in to sell a naked put well OTM on…
Comcast (CMCSA) Option Trade
Last week CMCSA fell after earnings were announced and I wrote about my potential trade on it. While CMCSA was trading at 25.84 this morning, my limit hit that I entered five days ago for four September 25 puts (CCQUE). I received $287 after commissions. I wrote it far OTM because I expected the slide…
Month End Summary – July 2007
I had a fairly good July, even with the rough final week. My annualized gain year to date is 27.74%. That’s down from the 40+% I was running for most of the first half of the year. I was expecting a decliine since I’m not investing as deeply as I was earlier with my increased…
Marathon Oil (MRO) Covered Calls
With less than a minute to go in trading yesterday I changed my limit order for two MRO September 60 calls (MROIL) from 1.60 to 1.50 and it hit immediately. I received $288.50 after commissions. MRO is a stock that was assigned to me in July from July 62 naked puts that finished ITM. I had an opportunity…
More Stock and Index Charting
Marketwatch has a really good article today on charting and the author’s thoughts on whether or not this is a dead cat bounce we’re in now. He also lists a few stock picks worth checking out. It appears I might have missed my chance on CAT that I mentioned yesterday as it’s up good again…
Alcoa (AA) Naked Puts, again
My last option trade on AA was three July 37.50 naked puts that expired worthless. Today, I sold two September 35 AA (AAUG) naked puts and received $318.50 after commissions. AA was trading at 38.11 when my limit order hit, down from an intraday high of 48.11 just two weeks ago on July 16th. This…