Archive for: July 2010

I charted the Dow Jones Industrial Average (DJIA, $INDU, $DJI) after the index closed for the month on 7/30/10 at 10,465.94.
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I’ve waited long enough without covering my UCO shares with calls.  When I finally got around to it this morning I decided to add some more downside exposure at the same time with new naked puts to go with the …

I’ve been patient with my little Morgan Stanley (MS) position after I bought 100 shares at $29.00 from an option assignment only to see it dive down below $22.50.  They’ve made a nice comeback and might keep going, but I decided to take …

I charted the S&P 500 ($SPX) after the markets closed on Friday, 7/23/10, when it finished at 1,102.66 for the week.
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I’m having a fantastic month so far which typically means my luck is about to run out.  (The IB portion of my account got above $100k today after finishing June just above $90k, plus a $3,000 deposit I sent in …

I charted VXX this afternoon a little after 3:00 pm when it was trading at $26.74.  I’ve mentioned VXX a couple of times and have a two August 24 naked puts I’m sitting on.  I’m considering adding some more at …

I charted the Dow Jones Industrial Average ($INDU, DJIA, $DJI) after the markets closed on Friday, 7/16/10, after it finished the week at 10,097.90.
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What a crazy options expiration day today was!  I took the opportunity to open four new positions as my old positions expired worthless.  The options for September were already available for SPY, GES, NDAQ and EEM and my July options were far (enough) out …

I pulled my current portfolio this morning to show what I have right now going into Friday’s option expiration.  I look good on my four July expiration naked puts and expect them to all stay out of the money for the next …