I keep coming back to NASDAQ OMX Group Inc (NASDAQ:NDAQ) when I see good opportunities on its chart. Long term I think NDAQ is going much higher, but since I don’t know when that day is going to get here, I’m nibbling little bites of profit with naked puts in the meantime. I mistakenly late…
Month: September 2009
Sold November UWM Naked Puts
For the past few months I’ve written about my lack of buyer’s remorse, not because I wasn’t remorseful of what I bought, but because I was remorseful of what I didn’t buy. (Still with me?) For months I’ve stayed underinvested, waiting on a pull back that hasn’t come. Although I still expect it to come…
NASDAQ 100 Index Chart – Middle Trading Channel
I charted the NASDAQ 100 Index ($NDX) after the markets closed on September 25, 2009 when NDX was closed at 1,694.15.
Diversifying With Vanguard Total Bond Market (BND) ETF
I must feel I’m aging or something. For the first time I added a bond ETF to my portfolio as a mainstay. I’ve always focused on stocks (and their derivatives) as my only asset class outside of cash. The more I mature as an investor, the more I understand diversification means more than just buying…
Closed EXPD Naked Puts Position for a Profit
I made an adjustment to my trading model recently. I used to let all of my positions remain in place until options expiration and take the assignments whenever they were in the money at expiration. I changed that a few months ago and started rolling some before they expired or were assigned. The other part…
Sold UCO October 11 Naked Puts
After babbling on about how I might play ProShares Ultra DJ-UBS Crude Oil ETF (NYSE Arca: UCO) after my September UCO naked puts finished in-the-money (ITM) on Friday, when I logged on to TD Ameritrade (AMTD) this morning I saw I had been given a gift. For some reason I didn’t get the option assignment. As I…
S&P 500 Chart – Long Term View
I’m posting a longer term chart of the S&P 500 Index ($SPX.X) as of Friday, September 18, 2009 after the markets closed. The S&P 500 finished the week at 1,068.30. This chart uses monthly data which smoothes out some of the very short term ebbs and flows within the index.
September 2009 Options Expiration
As I wrote about a couple of days ago, I had to make a decision on SSO and took the easy way out. I just gave up on the bad trade. I kept it simple versus trying to manage a short position that I apparently can’t predict. I still think the S&P 500 index will give back some gains…
Sold FWLT October 33 Naked Puts
I’ve sold FWLT naked puts, owned shares and sold covered calls a few times over the past couple of years and I continue to watch it on a fairly regular basis. FWLT had been bumping up against resistance recently on its trend line of higher highs, but broke out this morning on very strong volume. …