I pulled the prices for all of my short puts and their underlying stocks during the last 10 minutes of the trading day today and entered them in the latest version of my tracking sheet I’m using. This week has been rough on me, but I’m down less than the indexes so far. Having the…
Author: Alex Fotopoulos
Dow Jones Chart – Eight Is Enough
I charted the Dow Jones Industrial Average (aka $INDU or $DJI) after the markets closed when the index finished the week at 11,008.61.
End of Month Summary – April 2010
April was almost a non-event for my account. After missing the first two weeks due to my surgery/recovery I fell behind and quickly lost ground to the major indices as they rallied and I did nothing. By selling options I have somewhat of a low beta account anyway, meaning when the markets are up, I’m…
Sold New Naked Puts on ITRI & GES
After the markets closed yesterday I spent some time checking my exposure and noticed that although I was technically fully invested (if every naked put I’m short is assigned), I had some good cushions on a few of my naked put positions which made me feel like I could extend my resources a little farther. …
Chasing Dividends with Covered Calls on SO
After my plan yesterday with PG deep in the money covered calls didn’t work I tried a slightly different approach with Southern Company (SO) today. I decided to increase my risk slightly and not go as deep in the money with the covered calls today. As a couple of commenters predicted my PG calls were so deep in…
Deep In The Money Covered Calls on PG
I’m trying something new today. Before I made this trade I asked a reader who I exchange ideas with sometimes what he thought of this approach. He said he’s tried it and it didn’t work for him, so I don’t recommend following my lead yet until I can see if I can get it to…
Russell 2000 Chart – April 23, 2010
I charted the Russell 2000 ($RUT) after the market closed on Friday, 4/23/10, when the small cap index closed at 741.92.
Option Selling Tuesday – INTC, MSFT, MS
After my April options on Intel (INTC) expired worthless I planned to get right back in. I think INTC has a strong run left in it. With a forward P/E ratio of only 12.22 INTC has room for error without getting crushed. As the economy continues to expand I see INTC as a leader along…
Sold AVAV June Naked Puts & Exited T
Barron’s reran a bullish article on AeroVironment, Inc (AVAV) in today’s print edition that they ran last Tuesday online. After the article first came out AVAV got a nice bounce and then settled down by the weekend. I expected it to see a little more upside today after the reprint and that’s what we saw. The story was…