Recent Posts Tagged With 'beginners'

• S&P 500 Chart ($SPX.X) - March 6, 2009

  Posted on Sunday March 8th, 2009 at 16:21 in finance, beginners, stock charts, indices

  When I wrote about the S&P 500 Chart two weeks ago I said I expected the 741 line to hold support, but if it broke to expect a steep sell off.  Well, it broke and dropped another 75 points in just a few days (which happened to be an intraday low...

• Closed MON Covered Call, Again

  Posted on Monday March 2nd, 2009 at 14:56 in finance, stock picks, beginners

  For the second time I took a round trip ride on Monsanto (MON) covered calls.  Last week I closed my covered call on MON and then sold the same covered call as MON rallied.  I sold the second MON covered call near the high of the day and saw it nos...

• Changed SSO Position

  Posted on Wednesday February 25th, 2009 at 16:01 in finance, stock picks, beginners

  I’m still expecting support to hold for the next few weeks on the S&P 500 at 741 after testing that level again on Monday.  I rethought my position though.  I originally paid $432.24 for my SSO March 19 long calls.  The issue with that t...

• Sold USO Calls & Bought SSO Calls

  Posted on Monday February 23rd, 2009 at 20:57 in Options, finance, stock picks, beginners, uso, sso, covered calls, indices, djia, $spx, long calls

  USO I started the day by selling covered calls on my 300 newly acquired USO shares I had to buy at $31.00 (I paid $9,319.99 with commissions) from the February 31 naked puts that expired in the money (ITM).  USO started up and then headed south wi...