Well Puts » SLW http://www.wellputs.com Selling put and call options for consistent profits in all market conditions. Sun, 07 Feb 2010 21:42:05 +0000 en hourly 1 http://wordpress.org/?v=3.0 Trade Adjustments – SLW and FEED http://www.wellputs.com/2010/02/trade-adjustments-slw-and-feed/ http://www.wellputs.com/2010/02/trade-adjustments-slw-and-feed/#comments Sun, 07 Feb 2010 21:42:05 +0000 Paul http://www.wellputs.com/?p=536 Related Posts Trade Adjustments – IAG and HEAT, AgFeed Industries, Inc. (FEED) February Puts, Rolling WFR Down and Out]]> On 2/4 I rolled SLW Feb 15 puts to March 12.50 for roughly the cost of commissions. I was hitting my pain threshold that day and this was my trade furthest in the money – at the time. Alas, looking at this chart now I might have been OK holding through expiration.
SLW-Daily

SLW-Daily

On 2/5 I rolled FEED Feb 5 puts to March 5 puts for a credit. The problem selling puts on these 5 dollar stocks is the lack of strike prices. I’m just moving these out further to capture some more time premium.

FEED-Daily

FEED-Daily

I’ve rolled about a third of my February inventory to March now. I rolled IAG and HEAT for a loss and in hindsight I wish I would have gone further out in expiration to get more premium. Whenever I make an adjustment I need to try to roll these for a credit or breakeven at a minimum.

If we get some support next week I should still have an OK month as far as put selling and covered calls are concerned.

I’m pulling these charts from Finviz because I’m writing this on my netbook. I hope they turn out OK.

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Trade Adjustments – IAG and HEAT, AgFeed Industries, Inc. (FEED) February Puts, Rolling WFR Down and Out]]> http://www.wellputs.com/2010/02/trade-adjustments-slw-and-feed/feed/ 0 Silver Wheaton Corp. (SLW) Option Trades http://www.wellputs.com/2010/01/silver-wheaton-corp-slw-option-trades/ http://www.wellputs.com/2010/01/silver-wheaton-corp-slw-option-trades/#comments Tue, 05 Jan 2010 19:20:45 +0000 Paul http://www.wellputs.com/?p=455 Related Posts IAMGOLD Corp. (IAG) February Puts, Watchlist – Silver Miners and Apparel Stores, DryShips (DRYS) Options Trades]]> Sell to open SLW February 15 puts. My limit order filled late morning. This is a new trade and another one from my watch list of last week. Many of the silver miners had good set ups and I wanted some exposure to precious metals. SLW has support at the $14.60 area.

SLW Daily

SLW Daily

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IAMGOLD Corp. (IAG) February Puts, Watchlist – Silver Miners and Apparel Stores, DryShips (DRYS) Options Trades]]> http://www.wellputs.com/2010/01/silver-wheaton-corp-slw-option-trades/feed/ 0 Watchlist – Silver Miners and Apparel Stores http://www.wellputs.com/2009/12/watchlist-silver-miners-and-apparel-stores/ http://www.wellputs.com/2009/12/watchlist-silver-miners-and-apparel-stores/#comments Mon, 28 Dec 2009 20:36:44 +0000 Paul http://www.wellputs.com/?p=434 Related Posts Silver Wheaton Corp. (SLW) Option Trades, Writing SmartHeat Inc. (HEAT) Puts, Trade Adjustments – IAG and HEAT]]> I’m having a bit of a tough time finding anything suitable to fill my February inventory. The silver miners are looking pretty good – notably PAAS, SLW, SSRI, SVM, MVG, HL. The silver miners would have been timed better if the puts were written last week, but it was a busy week for me and I missed it. I still think the trade could be done on a few of these. I like PAAS and I’ve done well with that one in the past.

I’m also watching apparel stores like ANF and CHS. I sold some puts on AEO about a week ago and that trade has been working out. Some other miscellaneous stocks include CIG and HEAT. The chart for CIG is almost perfect but the 17.50 strike is too close to the money. HEAT might be a good trade later this week or next week.

No trades today. I’m feeling rushed today and I feel like I need to write some puts – not the right mindset to be in when I’m logged into my brokerage account.

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Silver Wheaton Corp. (SLW) Option Trades, Writing SmartHeat Inc. (HEAT) Puts, Trade Adjustments – IAG and HEAT]]> http://www.wellputs.com/2009/12/watchlist-silver-miners-and-apparel-stores/feed/ 0