Archive for February, 2009

New Position: Apollo Group, Inc. – APOL

Posted in New Position on February 25th, 2009 by STO Trader – View Comments

I haven’t had time to finish my research post yet, but that didn’t preclude me from entry into a new position. After checking into DeVry, Inc. (DV) this weekend, a similar stock that looked like a decent play was a bearish setup on Apollo Group, Inc. (APOL).

Both of these equitites have been doing quite well considering the recession currently going on with most of the rest of the economy. Academia is where people tend to flee to when they either can’t get jobs and/or are working to bolster their qualifications in a more competitive job market. However, it currently looks like both are primed for a little breather on their run. read more »

February Expiration Week Recap

Posted in Expiration, Position Update, Short Puts on February 21st, 2009 by STO Trader – View Comments
February options expiration.

February options expiration.

All right, February equity options are done. I managed to pull in and retain about $600 for the month. Not to toot my own horn too much, but that’s not bad considering the size of my trading account (deposits totaling $3500), and that I originally received about $890 in cash through the sale of put options on PHM and AFAM. Here’s a review for the last 4-ish weeks on those stocks and the plays I made on them.

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Position Update: AFAM and PHM, President’s Day weekend

Posted in Position Update, Short Puts on February 16th, 2009 by STO Trader – View Comments

Happy President’s day everyone! The markets are closed today, but that just provides and extra day to take stock of where my positions are at and start to look ahead to new opportunities for March. After catching the Saturday morning brunch session with @tickerville through StockTwits, I’m geared up for some new positions.

But, more on new opportunities later. Let’s first dig into updates on our current holdings, as those always need to be the focus over future prospects. There’s only four days left until February expiration, but it only takes a day to wipe out profits if you’re not paying attention.

AFAM chart. Click to enlarge.

AFAM chart. Click to enlarge.

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Position Update: AFAM and PHM – February countdown

Posted in Position Update, Short Puts on February 10th, 2009 by STO Trader – View Comments

Apologies for the lack of posts last week, but time worked against me. Fortunately for my current trades, time is working for me! Last week provided some welcome turn-around in the stock prices of Almost Family (AFAM) and Pulte Homes (PHM). Today, we’re giving some back so far. Here’s a snapshot of my open plays as of this afternoon:

Account snapshot midday 2009-02-10

Midday account snapshot, 2/9/2009

I need to provide an update on where things stand and a glimpse at the the remaining two weeks until options expiration. I was thinking about breaking this into a couple posts, one for each security, but in an effort to get this done sooner rather than later, I’ll keep it combined for this go around. read more »

After Hours: Almost Family Definitely Comes Through

Posted in After Hours, Position Update on February 3rd, 2009 by STO Trader – View Comments
AFAM after the close. Up!

AFAM after the close. Up!

Well, Almost Family finally rebounded today. There was even a decent continuation in the after-hours market, to top it off. Regular trading hours gain was at 7.62%, with decent volume for the day. Ideally, I’d like to see AFAM rise back above the 200-day moving average, which is sitting at about 35.00 right now. At the very least, some follow-through tomorrow will be critical to keep momentum going. read more »

Position Update: Pulte Homes, Almost Family – February 2

Posted in Position Update on February 3rd, 2009 by STO Trader – View Comments
Account balance. Click to enlarge.

Account balance. Click to enlarge.

The first week of February indicates we’re getting close to expiration on the short put trades for PHM and AFAM. There’s still 17 days left until expiration, but time always moves forward, so I still believe in selling time to make money. Yea for short puts!

So, where are we today with the positions on Pulte Homes and Almost Family? They haven’t been too “Yea!” of late, to be honest. Things are finallly looking a little better than they did last week. PHM did all right, but AFAM almost tripled in value from the opening sale at $.85. Let’s take a little closer look at both of these and see if we’re still okay.

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