My CSCO position started with a mistake. While getting used to the platform after switching my account to IB I mistakenly sold calls instead of a put, as if I hadn’t made hundreds of trades for years and didn’t know what I was doing. I didn’t panic. Instead of closing out the short calls on…
Author: Alex Fotopoulos
Dow Jones Chart – Break Out Attempt
I charted the Dow Jones Industrial Average ($DJIA) after the markets closed on Friday, March 3, 2010 when the Dow finished the week at 10,566.20.
Sold JPM Naked Puts
Yesterday afternoon I place a few limit orders late in the trading day for new naked puts on three different underlying stocks and ETFs – UWM, ITRI and JPM. All of them were sitting at levels that I would have been comfortable selling the options, but I wanted to try for a little extra. I don’t…
End of Month Summary – February 2010
I’m pretty happy with how February worked out for me, especially considering that I’m not fully invested still. I finished February with a combined balance of $103,076.06 ($91,897.17 with IBKR and $11,178.89 with AMTD) which is up from my January finishing balance of $98,663.75. $1,500 of the increase is from the deposit I made on February 8th…
S&P 500 Chart – February 26, 2010
I charted the S&P 500 ($SPX) after the markets closed on Friday, February 26, 2010 when the index closed at 1104.49.
Opened Small UCO Position
I thought UCO would dip a little more than it has, but the lower US dollar opened the door for higher oil prices and I decided to take a nibble. I mentioned in my post yesterday that I would probably sell April 11 puts on UCO, but with the move higher for UCO today I…
Sold NDAQ Option Strangle for April Expiration
When my February options were expiring I wrote that I planned to jump right back in on a few of my positions, but by the time Monday rolled around I started having second thoughts. I entered a limit order to sell new CVS puts if/when CVS takes another dip as it’s prone to do. I thought about…
Dow Jones Chart – Stopped at 2 Lines of Resistance
I charted the Dow Jones Industrial Average (INDU, DJIA, $DJI) after the markets closed on Friday, February 19, 2010 when it finished the week at 10,402.35
Rolling Options on INTC Naked Puts
I sold February INTC Puts last month and took a realized gain on the options this afternoon. I considered buying my February puts back and leaving it at that, but decided I could take a little risk on INTC since I think the downside is limited. INTC has been working through a trading range for months…