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  1. P

    Naked Index Calls = $$$$

    ...so here we are AGAIN, Tuesday: How do you like this market? It is truly schizo.., now mixed - despite headlines. BULLETIN >> BLACKSTONE GROUP SHARES TRADE BELOW IPO PRICE Consumer confidence index falls to 10-month low Home prices fall at fastest rate in 16 years Vix up again SPX...
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    Managing Funds for a Living

    Anyone...(else)??? Re: Impact of 100 times shares traded to bid/ask. thx G
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    Managing Funds for a Living

    Well perhaps I can get SOME kind of feedback to my only question?!? Perhaps I do know a little about something - after all I am doing what no covered call outfit (go ahead, google all the companies) would ever dream of doing...manage a "LIVE" Covered Call Fund with ANY decent predictable...
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    Managing Funds for a Living

    Just for your thoughts. Do you have experience placing trades like these, but 100 times in actual size? i.e. Friday, June 15, 2007 08:45 am PST Bought 200 shares of IOC (Interoil Corporation) at $38.95 (ask). Sold (2) IOC Jul 40 (IOCGH) call option contracts at $4.00 (bid)...
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    Managing Funds for a Living

    For this covered call investor following in the Stock Market's footprints has not made stellar gains thus far in 2007 - but like I say most of the easy money is made off the bottom in the early months of each new market rally. Previous gains are methodically preserved. I know if I was...
  6. P

    Naked Index Calls = $$$$

    Difficult to actually jump into selling WOTM naked index calls since the "top" is not as clearly defined for this managers risk appetite. Previous posts indicated that selling the SPX's "on the bounce" - which we did get Thursday 'may' have been optimal...in hindsight it may be given today's...
  7. P

    Managing Funds for a Living

    Many leadings stocks made moves or held their ground. Nasdaq does have support (is in a trading range). Can wait until end of day to make trade with averages at lows. buy one of these: JASO 29.75 x 1.85 POZN 17.6 x 1.15 BULLETIN >> DOW INDUSTRIALS FALL 185 POINTS; WEEKLY DECLINE...
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    Managing Funds for a Living

    I admit, this is a tenuous market - at least for my strategy (i like that term better than 'system'). All I can do is let the market be my guide. The light was GREEN when I opened C2 account. It went to Caution - good positions got stopped out and (for) now it's back to Green. Here are...
  9. P

    Managing Funds for a Living

    ...all the sidenotes have taken me away with why I am posting here anyway! Well true to form the stack up of high volume selling days did affect the indexes today (as they should). Whether we've reached a short- to mid-term top is not exactly clear, yet. I have been posting at C2 as well -...
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    Naked Index Calls = $$$$

    ...and so the market tanks. Not that we couldn't see this coming. But again I may be premature - we have to wait and see where the market heads to now. My (stopped at 50% increase to premium) WOTM naked index calls are about even again - but were cut in keeping with my strict stop-loss...
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    Managing Funds for a Living

    Thanks Michael for your insight. Verbiage...yeah I know. I am not genius and don't even have time to build a bookcase of reading material to even appear to be one. My resume is exhaustive - but as an Optical (Laser) Engineer. That being said...knowing and understanding the market is almost...
  12. P

    Managing Funds for a Living

    Stocks notched broad gains in higher volume Friday. The Nasdaq closed up 1.1%. The Dow climbed 0.6%, the S&P 500 0.7% and the NYSE composite 0.9%. Volume vaulted 41% on the NYSE, 27% on the Nasdaq. Friday’s rally included a strong showing among small-cap stocks. The S&P 600 motored 1.2%. A...
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    Managing Funds for a Living

    Sunday's paper arrives on time. Just some excerpts without the URL's, etc. Weekly Newsletter Previous to last week, the major indexes had produced their worst showing since the Nasdaq’s March 21 follow-through day kicked off a new rally. One or more of the broad gauges flashed...
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    Managing Funds for a Living

    ...perhaps. I use these charts to verify all is on track. Syllabus: The last 52 weeks (this past year) ~50%. Things have been tough YTD, but with uptrend past returns are retained AND higher highs and higher lows - in keeping with up market is intact. Volatility is...
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    Managing Funds for a Living

    Here is what I see and (for now) that has got to be all that really matters: (1) Take a look at my performance page at my site. (2) The (what I call) risk has not much changed year to year and is in keeping QUITE LOW for the (a) outperformance against the averages (b) seemingly staying...
  16. P

    Managing Funds for a Living

    but that is ok. Many views dictate that (aside from ranting babblings) something of value may unfold. Talk to me in 3 months OK, ok. You are wrong in that there is much I've learned;)
  17. P

    Naked Index Calls = $$$$

    ...has anyone thought of the POSSIBILITY that the innocuous runup - that continues to defy the odds - may come back to earth the more harder the high it defyingly flies? Does anyone remember 'irrational exuberance' hig-flying late '90's. Markets do correct and late-Feb and last week were a...
  18. P

    Managing Funds for a Living

    How would you feel if what you do with success is done in your sleep. And you post an ongoing log that many people may benefit/read and a couple of yahoos want to tell you where you are at. OVER AND OVER AND OVER - AHHHHH!!!!!! it is nonsense.
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    Managing Funds for a Living

    All feelings aside - Here is my summation...I don't care, I don't believe it and I don't see it! I only wish to engage in constructive dialogue. I am not stupid...I can discern a problem when I see it - especially when my intents and convo is contained well within what I personally know is...
  20. P

    Managing Funds for a Living

    ...not to hit another chord, but spare me, please! I said ENCY-type (30%+ out a few months) plays may look good - but prob aren't. Anyway...CL I forgot to log the put option at the exact time I made the IOC trade...but many more CC trades will make this study available. Gil
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