Tag Archives: WFC

Covered SLW, FRO, and WFC short puts

By Paul | Published: November 10, 2008
The market broke my intraday support line today (pink line, first graph).  What appeared to be a good Monday turned out to be very disappointing.  I cleared the last of my short puts (i.e. long) about 5 seconds before the close when the market gained some footing.  These plays are purely for risk management purposes, [...]
Posted in Risk Management, Stocks | Also tagged exit, FRO, market analysis, options, SLW | Leave a comment

SOLD -1 WFC 100 NOV 08 31 PUT @3.60

By Paul | Published: November 7, 2008
Wrote a put on Nov WFC strike 31 for $3.60.  Fee $7.5 as usual for options.  WFC tested the critical $27 support level today with a gap down.  The price gradually recovered with increasing volume.  On the daily chart, the overarching trend is still up from the 200 dma.  But there’s some wild swings over [...]
Posted in Stocks | Also tagged entry, market analysis, options | Leave a comment