Well Puts

I bought-to-close the CRS 17.50 puts I sold back in August. I wasn’t comfortable holding through expiration. I’m pretty happy with this trade – sold at .80 and bought back at .10 for a net return of 2.77% in one month. *

CRS-Hourly

* Return is based on the premium I received from the sale of the options (less commissions) and the capital set aside to pay for their possible assignment.

I just sold CRS September 17.50 puts. It broke out of the channel on higher volume. Steel is on a tear today.

CRS 30 minute

I’ve been pretty quiet this week. I just haven’t seen any setups I like. I’m watching the following today.

• CRS, TIE
• ENER, JASO, WFR – I sold some 12.50 Sep ENER puts in my taxable account earlier this week. I may sell some more in my Roth if the 38.2 retr holds.
• ANW, FTO, HAL, MDR, UNG
  USO is fighting the 200 DMA and looks like a total chopfest.
• ZUMZ – BEBE took off. I missed that one.

I’m still holding DRYS. Lots of volume this AM and all the MA’s are getting lined up nicely. Be nice to see this one get on a tear. Also watching TBSI and DSX.