following the stock market activities of Tom Denham
5 January 2011 Trades
I took advantage of market weakness while it lasted and entered a fair number of positions.
I started a 6-month subscription to Larry McMillan’s Strategy Zone. I worked through a section of naked put recommendations today. I adjusted the level and expiration of most of my entries, but found it pointed me to good opportunities.
| Option sales | ||
| CISG | Jan10Put | $0.05 |
| SWY | Jan19Put | $0.05 |
| SWY | Jan19Put | $0.05 |
| MYGN | Feb15Put | $0.05 |
| MDT | Feb29Put | $0.08 |
| RTN | Feb35Put | $0.05 |
| MON | Feb37.50Put | $0.05 |
| T | Feb24Put | $0.05 |
| IWM | Feb58Put | $0.05 |
| DIN | Mar17.50Put | $0.05 |
| NOK | Apr7Put | $0.05 |
| AMZN | Apr85Put | $0.11 |
| AEE | Jun17.50Put | $0.10 |
| T | Jul15Put | $0.04 |
| VZ | Jul17.50Put | $0.05 |
| SWK | Jul30Put | $0.10 |
| T | Oct20Put | $0.27 |
| SYY | Jan15Put | $0.10 |
2 Responses to “5 January 2011 Trades”
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I report all my trades on this site. I enter 100s of positions each month, using options to enter long positions deep IN the money and short positions far OUT of the money. I practice market timing, working closer to the market when I am optimistic and working farther from the market when I am pessimistic. I began trading stocks actively in the late 1990s, but only began trading options seriously in 2008.
Hope you had a great Christmas and all is well in APC land. Congrats on finishing the year in impressive fashion with 11+%! If I had more time during the day I would definitely practice your method. If it ain’t broke… right!? I am in F, AMT and IGTE still and way long in C and BAC. C is making me a lot of money, BAC is getting back to even. F has broken out for me. AMT and IGTE are sideways. I may flip out of IGTE for OpenTable tomorrow and take the high multiple on a monentum play. I am also looking at POT, Alcoa and thinking about a good way to play oil.
Christmas was good! Hope you guys have a great new year.
Ford has been doing great and this past week was a beautiful pop. The unbroken length of the rise makes me nervous, but congratulations on being in.
I would lose my nerve with AMT under 48.86, but like F, it could pop up soon (unless the market rally is finished).
The reversal down in IGTE may be serious, but maybe you are already out. You mentioned coming out and that looks like a good move.
I don’t trust banks, but both C and BAC appear to be in chart bases with reasonable upside potential.
POT has the potential to rally persistently on the popularity of everything agriculture. It doesn’t fit my style at current levels, but it may keep rising.
AA appears to be rising from a base. However, the industry sector worries me.
When it comes to oil, I keep selling puts against big names like XOM, RDS.A, CVX, etc. I wish I had been selling closer to the money over the past few months given what has happened, but I don’t want to increase risk by getting too close to the money after a rise is underway.