Weekend Update
TheAcsMan | Posted on Saturday, March 10, 2012 at 11:36AM | tagged Bloomberg Rewind, Chesapeake Energy, Energy ETF, Green Mountain Coffee Roasters, Matt Miller, Ron Paul, Starbucks, Tedd Haggard, gold, silver | Email Article | Share Article → 
TheAcsMan.com no longer publishes original content material. Reprints of the market closing version of previously published "Daily Market Updates" available to subscribers of OptionToProfit.com appear for informational purposes only and links are de-activated.
I got a Tweet from Matt Miller, host of Bloomberg Rewind, yesterday.
Back in November I was a guest on his show.
I'm very upset with Matt Miller. He has completely changed my beloved prime time viewing habits, so much so that Comedy Central executives have checked in on me to see if everything was alright. Maybe it's a kiss of death for a beyond middle aged white guy to say that his show is "hip and happening," but it's really an enjoyable and educational hour to top off the day.
But to paraphrase Christopher Walken, "It needs more TheAcsMan."
Anyway, the day that I appeared happened to be the day when Green Mountain Coffee Roasters was getting hit in the after hours and went down about 40%. Idiot I am, I brought it up during the show, as an example of a company that I had owned. Not because it was a great stock, but because it had nice options premiums, due to all of that volatility, momentum and uncertainty.
Capitalists like to capitalize, but the other characteristics are precisely the things that I profess not to like, but in a Ted Haggard kind of way, fully embrace, sinner that I am.
I nursed shares back by a combination of buying new shares and exercising the strategy that I call "Having a Child to Save a Life", as well as selling puts. Again and again.
It worked.