5280 Angel

If you aren’t selling naked puts on Bear Sterns (BSC) today, you are missing out on all the fun. Stock is trading around 35, and you can sell the Mar and Apr 7.5, 10, 12.5 puts for huge premiums. Their issue seems to be short term liquidity, and I think they can resolve […]

UPDATE: JANUARY 14, 2008 (SEE BELOW)
I am sorry for all of the Option trades lately, but things have been a little more active in the past several weeks. I mentioned this first trade in my last post on hunting for trades, but I never posted the details of that trade. Here is the […]

I have received several inquiries into my process of locating and evaluating naked put trades so I decided that I would share a little of the magical procedure. I constantly tell people that I don’t spend much time with this strategy, and I am not claiming to be any expert on option trading. […]

This latest trade follows on the same reasoning I had with the IMB trade in August, which is the credit crunch isn’t going to be as horrendous as everyone has been proclaiming. Luckily the expiration dates I am playing are too soon for anything to be entirely sorted out anyway so I’m really only […]

UPDATE NOVEMBER 14, 2007 (SEE BELOW)
With the market pulling back so fiercely these past few weeks volatility has entered stocks, and their option premiums have once again become juicy and sweet. This latest trade hinges on the mortgage crunch not being as bad as everyone currently feels which is obviously a gamble. IndyMac […]

UPDATE: AUG 13, 2007 SEE BELOW
I haven’t placed any option trades for a while because nothing has been very interesting with this stock market rally going on for months. InterOil Corp was trading in the mid 40s until late June when the company released some disappointing news about one of its liquefied natural gas […]

Update April 23, 2007 (See Below)
I opened a small naked put position yesterday in a company that is bound to see some wild volatility in the coming weeks. Neurochem is currently waiting for the results from its first phase 3 study of “Alzhemed” which is a treatment for Alzheimer’s disease. The results could […]

UPDATE: MARCH 29, 2007 (SEE BELOW)
It has been a while since my last option trade, but some volatility is back in the market, and the puts are starting to pay again. I made the following trade the other day:
Mar 06 SOLD TO OPEN MAY 30 PUTS “AMAG” FOR $1.1/SHARE
Stock closed at $56.44 on Mar […]

UPDATE: DEC 27, 2006 (See Bottom of Post)
The volatility of TELK has been rocketing lately which always translates into nice fat premiums for PUT sellers. I decided to increase my position so I sold short a bunch of the following options today:
Dec 14 SOLD TO OPEN JAN 5 PUTS “TELK” FOR $.35/SHARE
The stock […]

UPDATE: DEC 27, 2006 1:24PM (See Bottom of Post)
UPDATE: DEC 15, 2006 2:00PM (See Bottom of Post)
I mentioned earlier that I would post about the open positions I still had in my account so this should bring us current on the trading front.
Nov 06 SOLD TO OPEN DEC 10 PUTS “TELK” FOR $.65/SHARE
Stock closed at […]