Well Puts » WFR 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=3.0.1 MEMC Electronic Materials Inc. (WFR) Covered Calls http://www.wellputs.com/2010/01/memc-electronic-materials-inc-wfr-covered-calls/ http://www.wellputs.com/2010/01/memc-electronic-materials-inc-wfr-covered-calls/#comments Mon, 11 Jan 2010 22:19:55 +0000 Paul http://www.wellputs.com/?p=485 Related Posts Energy Conversion Devices, Inc. (ENER) Calls, Writing UYG March Covered Calls, Closed UYG Covered Calls]]> Sell to open WFR Feb 16 covered calls. WFR has a lot of supply at the area around $15 and I am anticipating some consolidation. $16 strike lets me participate in some more upward momentum as well as giving me an exit strategy. A pullback to the 50 day SMA and I will likely write more puts.

WFR Daily

WFR Daily

Related Posts

Energy Conversion Devices, Inc. (ENER) Calls, Writing UYG March Covered Calls, Closed UYG Covered Calls]]> http://www.wellputs.com/2010/01/memc-electronic-materials-inc-wfr-covered-calls/feed/ 0 Rolling WFR Down and Out http://www.wellputs.com/2009/10/rolling-wfr-down-and-out/ http://www.wellputs.com/2009/10/rolling-wfr-down-and-out/#comments Wed, 14 Oct 2009 18:37:18 +0000 Paul http://www.wellputs.com/?p=293 Related Posts Rolling GMXR Forward and Down, Trade Adjustments – SLW and FEED, Sell to Open UNG Oct 12 Calls]]> I rolled the WFR (MEMC Electronic Materials Inc.) puts I sold back in September for a credit. I rolled them down to a 17 strike and out to November expiration. The DOW might have hit 10k today, but I’m still leery of that declining 50 day SMA on the WFR hourly chart.

WFR Hourly

WFR Hourly

Related Posts

Rolling GMXR Forward and Down, Trade Adjustments – SLW and FEED, Sell to Open UNG Oct 12 Calls]]> http://www.wellputs.com/2009/10/rolling-wfr-down-and-out/feed/ 0 Sold to Open WFR Oct 17.50 Puts http://www.wellputs.com/2009/09/sold-to-open-wfr-oct-17-50-puts/ http://www.wellputs.com/2009/09/sold-to-open-wfr-oct-17-50-puts/#comments Wed, 16 Sep 2009 14:57:47 +0000 Paul http://www.wellputs.com/?p=170 Related Posts Sold to Open AMB October 20 Puts, Sold to Open DSX Oct 15 Calls, Sold Remaining BAS Position]]> I sold to open WFR October 17.50 puts. The 50 day SMA has flattened out and started to rise. A breakout this morning on higher volume prompted the trade. $17.50 is a good support level too. Plenty of room on the daily chart with $20.75 being the next major resistance.

WFR-Hourly

WFR-Hourly

Related Posts

Sold to Open AMB October 20 Puts, Sold to Open DSX Oct 15 Calls, Sold Remaining BAS Position]]> http://www.wellputs.com/2009/09/sold-to-open-wfr-oct-17-50-puts/feed/ 0 Friday Watchlist http://www.wellputs.com/2009/07/friday-watchlist/ http://www.wellputs.com/2009/07/friday-watchlist/#comments Fri, 31 Jul 2009 14:46:05 +0000 Paul http://www.wellputs.com/?p=5 Related Posts Watchlist – Silver Miners and Apparel Stores, August 2009 Options Expiration, September Options Update]]> 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.

Related Posts

Watchlist – Silver Miners and Apparel Stores, August 2009 Options Expiration, September Options Update]]> http://www.wellputs.com/2009/07/friday-watchlist/feed/ 0