Archive for: November 2010

I mentioned on Friday that I needed to add some more exposure and took advantage of this morning’s extended slide to sell more naked puts.  I started with Itron (ITRI).  After I rolled my covered calls lower a week ago …

I’ve been eyeing Aflac (AFL) for weeks, but couldn’t bring myself to jump in without a pull back during this recent run up.  I entered the order a few days ago based on the chart that looked like it had …

I hate to miss out on selling volatility on days like today that have good spikes in fear so I went shopping this morning for some new positions.  I entered limit orders for new naked puts on UCO, DVY, EEM and …

I’ve been trying to decide what to do with my VXX position for weeks, if not months.  Finally this weekend I figured out a plan that limited my downside and left a good bit of upside potential.  I started off …

I charted the Dow Jones ($DJIA, $INDU, $DJI) after the markets closed on Friday, November 19, 2010 when it finished for the day at 11,203.55.
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I had a good options expiration this November as most of my positions went my way.  Here’s the breakdown of how everything finished for me.

SPY – 112 Straddle (sold 1 put and 1 call at 112) – My put finished well …

Just a week ago UCO traded as high as $11.99.  This afternoon (so far) it has traded as low as $9.97.  That’s the kind of volatility that makes selling options fun when you can time it right or at least close …

I charted the S&P 500 ($SPX) after the markets closed on Friday, November 12, 2010 when the index finished the week at 1,199.21.
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When I wrote about selling my first VNQ naked put last week I said I originally planned to sell two contracts, but then decided to wait for another opportunity to get in on the second contract if …