Oct 23rd

I probably made the wrong call over the weekend. Market flat and up - what a joke.

Again reduced some risk in the trade - removed the (CHK) 22.50 calls and the CHK 22.50 puts. All that action has a profit of $500.00 (including prior day moves). I resold the CHK 20 calls for 2.75. Since I purchased the stock for 22.97 that will lead to a small loss if called away - but we will still have close to $400 profit in total.

(CNH) really disappointed today; the earnings were great (I thought). The pre market action was very promising. Actual earning are 1.06 on a $12 stock and a 3.5% dividend. It seems I am going to be the proud owner of a bunch of CNH for a bit longer than anticipated.

As you know I have not been picking and promoting stocks on this blog often. But check out (NDAQ) P/E  of 7, the integration with OMX is going according plan. No reason to distrust there business model (as long as you keep buying stocks). If you want a stock to sell some naked puts on - this would be a good candidate.
ATTENTION: selling naked puts in not a trading style, it is an investment method so be prepared to be the proud owner of NDAQ at the strike price you choose to sell.