Jan 04 2008
More Adobe (ADBE)
I own some Adobe shares in my IRA and have covered calls on it. I still like it long term and last week decided to put a limit to sell some puts on it. While ADBE was trading at 40.48 my limit order hit and I sold two February 40 naked puts (AEQNH) and received $258.50 after commissions. I’m banking on 40 holding.
I was also banking on support holding for NVDA and that broke today as it gapped down and issued a beating on me. $30 was my second level of expected support and that’s holding for now. I’ll be sure to watch this more next week.
Next week I’ll still be on vacation, but at the same time I’m helping my parents find a nursing home for my uncle which has proved quite challenging and time consuming. We just got turned down by another because they couldn’t meet his needs. [...]
Original post by Alex Fotopoulos