My fortunes have changed greatly since the new month started and the markets have rallied back to where I thought they should been. Less than a couple of weeks ago all, but one, of my options were sitting in the money (aka, below the strike price). Today only one is in the money. That sole position…
Month: November 2009
NASDAQ Composite Index Chart – November 6, 2009
I charted the NASDAQ Composite Index ($COMP) after the markets closed on Friday, November 6, 2009 when it finished the day at 2,112.44.
Sold UCO December 13 Naked Puts
Yesterday I missed a better opportunity to get back into UCO (an ETF that tries to match twice the daily performance of the Dow Jones UBS Crude Oil Sub-Index). Little did I know a nice mini-rally was coming for oil starting just a few minutes after I decided to sell new naked puts on the ETF. The…
End of the Month Summary – October 2009
In my September Summary I started off by saying I was certain of a coming step back for the markets, yet within a few weeks I added greater exposure in my account than I’ve had in many months. (Apparently I wasn’t reading my own analysis.) Soon thereafter we saw the market hit new highs for the year…