I charted the S&P 500 ($SPX) after the markets closed on Friday, February 26, 2010 when the index closed at 1104.49.
Month: February 2010
Opened Small UCO Position
I thought UCO would dip a little more than it has, but the lower US dollar opened the door for higher oil prices and I decided to take a nibble. I mentioned in my post yesterday that I would probably sell April 11 puts on UCO, but with the move higher for UCO today I…
Sold NDAQ Option Strangle for April Expiration
When my February options were expiring I wrote that I planned to jump right back in on a few of my positions, but by the time Monday rolled around I started having second thoughts. I entered a limit order to sell new CVS puts if/when CVS takes another dip as it’s prone to do. I thought about…
Dow Jones Chart – Stopped at 2 Lines of Resistance
I charted the Dow Jones Industrial Average (INDU, DJIA, $DJI) after the markets closed on Friday, February 19, 2010 when it finished the week at 10,402.35
Rolling Options on INTC Naked Puts
I sold February INTC Puts last month and took a realized gain on the options this afternoon. I considered buying my February puts back and leaving it at that, but decided I could take a little risk on INTC since I think the downside is limited. INTC has been working through a trading range for months…
Options Expiration – February 2010
I let this week slide by without making any real attempt to open any new positions. The only order I entered was for ORCL March options, but left my limit price too high and ORCL only went up which left it outside of my portfolio. While the markets have been moving higher, I’m still cautious about…
S&P 500 Chart – Resistance at 1080
I charted the S&P 500 ($SPX) after the markets closed on Friday, February 12, 2010 when it finished the week at 1,075.21.
Added to SSO Position
A few weeks ago I opened a small SSO position with the idea that if it went up I’d just pocket the profit and move on and if it went against me (which it did) I wouldn’t lose much and would probably add to the position if SSO fell further. SSO has done that and I stuck…
S&P 500 Chart – February 5, 2010
I charted the S&P 500 (SPX) after the markets closed on Friday, February 5, 2010 with the SPX at 1,066.19.