Dancing Naked On Wall Street

I am using an Excel spread sheet I created using a...

2010-05-28T09:20:54.699-04:00

I am using an Excel spread sheet I created using a mixture of my formula requirements with those I got from the book "Naked Puts, power strategies for consistent profits" by Ernie Zerenner & MIchael Chupka. I also out line the critera on my strategy page. Hope that helps. J.R.

what software are you using to get these numers?

2010-05-28T01:18:23.861-04:00

what software are you using to get these numers?

now that makes sense

2010-05-24T14:24:50.768-04:00

now that makes sense

Hi Duck, The search list I used this week was a co...

2010-05-24T10:00:54.140-04:00

Hi Duck,
The search list I used this week was a combination of my scan query as well as Investools archived search called "bullish stocks for naked puts".
Hope tat helps. J.R.

JR Are you running your regular naked put search? ...

2010-05-24T08:57:48.701-04:00

JR
Are you running your regular naked put search?
I ask because mine is not giving me anything close to this.

JR This comment has nothing to do with the above, ...

2010-04-22T19:06:39.820-04:00

JR
This comment has nothing to do with the above, but I want to tell you that I stand corrected about the rules for dancing naked. I did review the rules and found the ATR (average true range) part. Never applied this rule with my trades. I'm going to review my previous trades and see if I was just lucky or good.

Duck

As always, I also enjoy attending these workshops....

2010-04-13T07:45:01.562-04:00

As always, I also enjoy attending these workshops. Questions that I didn't know I had are answered, and now I have new ones. Always learning.

I found the historical earnings link on the Option...

2010-01-22T09:36:39.875-05:00

I found the historical earnings link on the Option Slam site helpful. History went back almost a year more than available to me from other sources.

Its at: http://www.optionslam.com/earnings/stock_index.html?symbol=anr$submit=Go.

LWZ

That's nice. Lots of info, on a clean easy to read...

2010-01-19T07:39:09.784-05:00

That's nice. Lots of info, on a clean easy to read page.
Thanks

What a day. Good month for getting Naked though. S...

2010-01-16T11:49:35.663-05:00

What a day. Good month for getting Naked though. STO 9 differnts Naked Puts. I BTC 7 of them at a 80% of better return, 1 of them expired, and I picked up MELI at a greatly reduced price. Time to STO some covered calls.
Man I sure like this. Thanks J.R For all of your guidence.

dave

HI Duck, you did, I did and we will. The point I w...

2010-01-15T12:28:58.174-05:00

HI Duck, you did, I did and we will. The point I was making was that eveyone has their own comfort levels to deal with. This is an excellent set-up for a naked put other than the earnings report date. SO we now have a whole month to decide if the discounted rate we could possibly own BUCY at will be worth the value of obtaining it at $55 if we have a down turn or at what profit level do we jump if it stays in or above the box. You did not miss a thing. Trade in your zone. J.R.

Besides earnings, What was missing? I would (and d...

2010-01-15T11:00:08.939-05:00

Besides earnings, What was missing? I would (and did) take this trade (STO). I saw that earnings was comming. My plan is to is to BTC prior to earnings if need be. Also I don't know for sure when earnings will be. The last 12 out of 14 times, it has been After Market Close. Was there something In this trade that I may have overlooked.

Still got my Jan puts, pulled the ridiculous limit...

2010-01-12T08:54:43.791-05:00

Still got my Jan puts, pulled the ridiculous limits off at the beginning of the week as they had not hit yet. Not being greedy, just letting the probabilities work for me for the last four days.

Hi JR I also sold the Jan $40 puts on FSYS. I howe...

2010-01-12T06:38:52.710-05:00

Hi JR
I also sold the Jan $40 puts on FSYS. I however BTC about a week ago. I was OK with just keeping 80%. My question is, Did you BTC your Jan position before you STO your new Feb $40 position?

Test

2010-01-06T18:39:29.833-05:00

Test

Thanks Jim! That is cool

2009-12-21T19:04:06.036-05:00

Thanks Jim! That is cool

I prefer to look at it as expanding my opportuniti...

2009-11-20T09:23:24.782-05:00

I prefer to look at it as expanding my opportunities while increasing the fundamental risks a tad. You have added the proper search criteria for finding those stocks with dividends. The min value I use is "high as possible", that way it includes all stocks with dividends that meet the rest of your criteria.

Lowering your standards is OK. I've been told by ...

2009-11-20T06:13:20.598-05:00

Lowering your standards is OK. I've been told by some that I have no standards. But that has nothing to do with trading. I was going to modify my search to include dividends too, because I recently started to deep my toes into PWE (Pennwest energy). Was wondering if you just added PERFORMANCE to Step 1 and DIVIDEND YIELD to Step 2 of the Investools Search Criteria. If so! What kind of Min value in Step 4 are you looking for?

After a performance like that, the group has voted...

2009-09-16T13:13:34.097-04:00

After a performance like that, the group has voted to move next week to Thurs. so that you can join us in person.

I was at lunch yesterday for my B-day with a 98 yr old relative who still trades. Doesn't own a computer and makes the full service broker, by making him read all the research to him over the phone.... I guess Warren Buffet can keep chuggin' too... just like this market.

Take Care, LWZ

I too see the head knocking on the 50% Fib line, b...

2009-09-16T09:07:17.012-04:00

I too see the head knocking on the 50% Fib line, but note the line is right on the R1 of the current month and the forecasted month still shows growth potential. Also, even though we have a double top from 8/7 it would have to break trough the low of 9/1 to complete a reversal pattern. I see too much support between the current price action and the low of 9/1 for that to happen in the next 30 days barring any negative events. That said, if the pants don't fit don't wear them. Chowzer

Although the set up looks pretty good, I put on so...

2009-09-15T22:31:48.766-04:00

Although the set up looks pretty good, I put on some Fib retracements from The hign of Dec 9 to the low of May 13. I don't like that it is having some trouble breaking through the 50%.

I thought that I was getting greedy. The market M...

2009-09-12T06:54:49.517-04:00

I thought that I was getting greedy. The market
Maker finally came to me. STO the Oct $17.50 on ARST for $.25

Now that you are driving again, don't be making an...

2009-09-10T03:05:57.529-04:00

Now that you are driving again, don't be making any rehab appointments on Wednesdays.

BTC on 9 Sep my Sep $22.50 for a 90% profit. Turn...

2009-09-10T02:58:50.960-04:00

BTC on 9 Sep my Sep $22.50 for a 90% profit. Turned around and sold the Oct $23 for $.60. This will be my second time going for a ride on this horse.

It does look tempting. Fits all my rules except t...

2009-09-10T02:46:33.899-04:00

It does look tempting. Fits all my rules except the step up with the PP as you have stated. I think that I'm going to stick to my rules for now. After all. My rules came from you, and are working very well.