When all was said and done, all of the options that I had open for December expired worthless as I had hoped.  I spent this morning taking care of updating my tracking spreadsheets and working on selling new covered calls.  For most of the calls I placed limit orders at the bid price to make sure [...]

I STO 3 GM Jan08 $25 puts on Friday (12/21/07) for $208.75 into an IRA account.  The financial indicators don’t look very good and the chart doesn’t look very good either.  The stock has shown recent support around $25 and the MACD and Stochastics look like they are beginning to turn up.  Relying on the MACD and Stochastics [...]

I BTC 2 NVDA Dec07 $35 calls and STO 2 NVDA Jan08 $35 calls for a net of $271.01 into an IRA account.  I also locked in $51.01 because, due to time value erosion, the Dec07 calls were cheaper than what I originally received for them.  This is one of the beauties of selling options, whether [...]