iShares Dow Jones Select Dividend Index (DVY) wasn’t one I was actually planning on for my own account, but when I was considering it for one of my clients I decided it could fit nicely in my own portfolio too. It’s currently yielding 3.67%, not quite double that of SPY although its beta is 0.94. While…
Month: September 2010
Sold MSFT Option Strangle
As I alluded to yesterday I decided I was getting tired of my position on MSFT with just being long 200 shares and thought I should add some options to bring in some more cash for me. It’s been somewhat of a stick in the mud recently and that’s not quite what I’m aiming for, even with…
Sold SPY November Naked Put
I mentioned in my weekend index post yesterday that I was planning on adding some SPY (or DIA) exposure early this week. I didn’t waste much time debating it today. I watched SPY as it traded in a fairly small trading range for the first couple of hours this morning and placed a limit order for a…
Dow Jones Chart – September 24, 2010
I charted the Dows Jones ($DJIA, $INDU, $DJI) after the index closed on Friday, 9/24/10, at 10,860.26.
Sold JPM Option Straddle
I wrote about my plans yesterday and even before the market opened today my alert for JP Morgan (JPM) was blaring at me as it was trading pre-market below the floor I set for it. I had alerts set to go off when JPM went outside of Wednesday’s trading range and I figured that’d tell me where…
Sold New Options on INTC & MS
I’ve sat on my Intel (INTC) shares for a while without selling covered calls, but decided to change that this morning. I’m glad I didn’t panic at the lows a few weeks ago, but clearly should’ve sold covered calls back in June or July soon after these shares were assigned and my losses began stacking…
3 Positions Updates – UCO, CVS, VXX
I spent yesterday watching to see how the market would behave this week after such a good run already in the books. I made no trades in my taxable account until today when I decided to make a few adjustments. I started with UCO. My long term position still has a paper profit for me…
S&P 500 Chart – Still in Trading Channel
I charted the S&P 500 ($SPX) after the markets closed on Friday, 9/17/10, when it closed the week at 1,125.59.
Options Expiration – September 2010
Today’s options expiration finished quietly for me as I only changed one position in my account. The real action starts next week when November contracts are posted for all of my positions that don’t have them yet. For the most part it went the way I described it earlier in this week in my lead-up summary. …