painful reminder

Well some quick math done on my August 24th covered call writing idea with DML and TLM resulted in some numbers..

Break even on TLM and -25% on DML ... before commission. I can't guess all market melt downs?

In light of recent events i have thought or pondered covered calls on some beatin down oils. Buying Mastercard or Ingersoll-Rand has crossed my mind too.

If i wanted to bet on too cheap maybe Cott corp or Abitibi? Buy highly leveraged banks or the two just mentioned cause they both have the same risk reward profile.

DH

Volatility anyone?

Well first off i have the time and secondly its historic times so i am posting often right now.

I added some books and a new blog. My 'to read' list is growing faster than i read.

I like options, but one has to wonder if they will be the undoing of our banks and lenders? I still wonder why some would take a trade which has unlimited risk for only a miniscule payday? Selling naked calls is one such idea.

As i work nights i can only read about are markets after the 'fun' has happened. Would i have had the guts to invest at noon yesterday? Well depends in what i guess, but like several articals i have read said "who's bailing out the fed when its in trouble".

Well i am going to try to get some shut eye. Hope everyone enjoys Friday fun day. Options expiring should only enhance our fun levels. I will update you on what i already know will be dreadful results for my past strategies next weekend.


DH