Market Down Slightly; Oil At Record

The stock market was down less than 1% today and so my SPY puts gained a little. Had a sell order in at a big premium, but it never climbed that high. So, I still own my puts. Oil was at a record today. Above $102 per barrell. Commodities are just on fire. Wheat through [...]

CRM Strangle Nets Gain

Well I was bailed out with my bear-bias to the upcoming earnings release for salesforce.com. This morning, I sold all of my option strangle positions for an 18.6% gain. CRM moved 20% in early trading following a pretty good earnings report where they raised this years guidance up. They seem to be firing on all [...]

Tour of the South

Right now I am contemplating taking a month-long tour of the South to try to get an idea on where I want to live. My current job with Condos ends on March 1, 2008 and after that I don’t have anything baking in the oven as far as my job goes.
I have an interview on [...]

Bernanke on Hill; SPY Puts

I have a put option on the SPY I purchased a few days ago. All indicators show that we should see some sort of downtrend soon as it looks toppy on the chart. Basically the street could care less about inflation as long as the fed doesn’t care about it. Bernanke on the hill basically [...]

CRM Up after Earnings

I literally can’t believe that CRM is up after hours following a Q4 2008 0.06 EPS. Completely stumped. This stock is so priced for perfection. It is essentially trading at twice its forward earnings growth rate. Craziness especially in this market. About 15 minutes before the close, I put on a options strangle. Stock closed [...]