http://mytradersjournal.com/stock-options/2009/08/20/sold-sso-september-32-naked-calls/ Investing in Stocks Through Options Fri, 27 Jan 2012 21:33:26 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://mytradersjournal.com/stock-options/2009/08/20/sold-sso-september-32-naked-calls/#comment-6181 Alex Fotopoulos Fri, 21 Aug 2009 15:26:33 +0000 http://mytradersjournal.com/stock-options/?p=2979#comment-6181 Nope, no protection to the upside and today's (8/21) price action shows it was a mistake so far. I'm letting it ride for a little longer. Housing data is bullish and SSO/SPY broke above previous highs of the month. The wrong part of the trade is that being in cash was already a good way to be ready for a move lower. I didn't really need to take on this risk. I might have forced this trade. I'll admit it. Nope, no protection to the upside and today’s (8/21) price action shows it was a mistake so far. I’m letting it ride for a little longer. Housing data is bullish and SSO/SPY broke above previous highs of the month.
The wrong part of the trade is that being in cash was already a good way to be ready for a move lower. I didn’t really need to take on this risk. I might have forced this trade. I’ll admit it.

]]> http://mytradersjournal.com/stock-options/2009/08/20/sold-sso-september-32-naked-calls/#comment-6177 mule65 Thu, 20 Aug 2009 23:51:36 +0000 http://mytradersjournal.com/stock-options/?p=2979#comment-6177 So, you're not protected on the upside? Be careful since these can lever up really fast. Might be worth buying a couple cheap $35 or $36 Calls for insurance. Good luck. So, you’re not protected on the upside? Be careful since these can lever up really fast. Might be worth buying a couple cheap $35 or $36 Calls for insurance. Good luck.

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