The Money Tree

Safely Generating Income in Retirement

Archive for November, 2009

November Results

Posted by mounddweller on November 22, 2009

All,

Not much to report.  My ONXX $22.5 naked puts expired worthless.  For once I was able to correctly identify the line of support and use it to my advantage.  You’ll recall I sold the puts after ONXX had fallen from around $35 down to almost $25.  ONXX bounced off the support at $25 and rebounded up to almost $29 before selling off over the past few days.  It closed Friday at $27.99.

My only other open position continues to be my naked puts in UNG.  Natural gas sold off sharply again this month so once again I am fighting an uphill battle.  Fortunately, the last round of puts I sold don’t expire until January so I have some time for it to recover.

I haven’t identified any new trades for December.  Perhaps something will turn up in this holiday shortened week.

Have a great Thanksgiving holiday.

Troy

 

 

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Posted in Uncategorized | 1 Comment »

What Others are Trading – November 2009

Posted by mounddweller on November 3, 2009

OK guys.  Once again here’s your chance to let the world know what your current picks are.  Rich sure would like to see someone besides himself post a pick.

Posted in Your Picks | 5 Comments »