Where Have All the Bulls Gone?

by Jeff on May 17, 2012

I fell asleep! The ExDiv date snuck up on me for BP and I got Put the stock. So my cost basis is 43.06 and it closed today at 37.50. Ouch! Not only that, but I have to wait 3 more months for the dividend! One bright spot is Pandora (P). I was able to [...]

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A Critical Technical Point

Read the full article → May 6, 2012

This week should tell us the direction of the market for the near future, at least according to technical chart analysis. If you look at the chart of the S&P Futures on the right, you’ll see that the close of the most recent week and the previous high from (coincidentally) May of 2011 are almost [...]

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Covered Call Screen 4/28/2012

Read the full article → April 28, 2012

Here’s the CC screen for this week (see Downloads on the right). I’ll try to get one out each weekend. They seem to be relatively popular with 100+ downloads, so I’ll just keep doing them weekly. 4/29/12 – Update: I have had a few requests to add a Naked Put Screen. It’s combined with the [...]

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Covered Call Scan

Read the full article → April 25, 2012

I’ve spent the last few months searching for a Covered Call service to replace CallWriter – I have not found one that sends any shiver up my leg. Actually, I keep falling back to my scan from optionsXpress. So, I did a scan tonight (see downloads in the far right column). I went forward all [...]

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Earnings Results

Read the full article → April 21, 2012

Below are my results from the earnings plays that I did this this week. The anticipation was intense, along with the stress. I think it was all worth it, since I did come out pretty well overall. To my surprise, the Iron Condors on both ISRG and CMG expired at max profit. That seems to [...]

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Another Earnings Play – LNKD

Read the full article → April 20, 2012

I know, I always want to limit my risk and I like to be a net seller of options, but this one might be too hard to ignore. The underlying is LinkIn, and if you don’t know about this company, then you aren’t. (Get it?). This is not a recommendation. Make sure you read my [...]

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A Profit Tent for F5 Networks

Read the full article → April 16, 2012

This video expands on the previous ISRG Iron Condor by adding a Calendar Spread on each end. The subject of this earnings play is F5 Networks (FFIV). The Calendars spreads out the profit tent, giving a much wider profit range, even if price goes absolutely crazy! The Calendars have additional capabilities as discussed in the [...]

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An Intuitive Earnings Play

Read the full article → April 14, 2012

You just never know what is going to happen when a company announces their earnings, especially if it’s a hot company, like Google (GOOG). What a shocker! They beat all estimates and yet the price declines significantly. So what kind of option trade can one do to capitalize on all the volatility as earnings approaches? [...]

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Rolling My BP Naked Put in TWS

Read the full article → April 13, 2012

Watch my video on how I successfully rolled my APR Naked Put on BP to MAY. Patience pays off as I got the price (credit) that I wanted, but I had to wait most of the afternoon for that to happen. My cost basis is now at 43.06 and so far I have collected $388 [...]

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Covered Call Video Using TWS

Read the full article → April 11, 2012

Sorry. I had to delete this video. I plan to re-release it when I am ready to do another Buy/Write in Interactive Broker’s Trader Workstation.   Happy Trading ◄Jeff ►

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