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 started wondering if ITRI might be in a sweet spot where its downside was…
Month: November 2010
Sold AFL Naked Put
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 some more room to drop towards $50, but with the belief that $51.00 might be…
Sold CSX Naked Put
I hate to miss out on selling volatility on days like today that have good spikes in fear so I went shopping this morning for some new positions. I entered limit orders for new naked puts on UCO, DVY, EEM and ITRI in case we get another leg lower in the next week or so. I have alerts…
Added VXX Collar and Rolled ITRI Calls
I’ve been trying to decide what to do with my VXX position for weeks, if not months. Finally this weekend I figured out a plan that limited my downside and left a good bit of upside potential. I started off by looking at the cost of just buying puts for protection and then saw that…
Dow Jones Chart – November 19, 2010
I charted the Dow Jones ($DJIA, $INDU, $DJI) after the markets closed on Friday, November 19, 2010 when it finished for the day at 11,203.55.
Options Expiration – November 2010
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 out of the money and which means my covered call was deep in the…
Rolled UCO Covered Calls
Just a week ago UCO traded as high as $11.99. This afternoon (so far) it has traded as low as $9.97. That’s the kind of volatility that makes selling options fun when you can time it right or at least close to right. Last week I was convinced my UCO shares were finally going to get…
S&P 500 Chart – Clinging to Support
I charted the S&P 500 ($SPX) after the markets closed on Friday, November 12, 2010 when the index finished the week at 1,199.21.
Sold Another VNQ Naked Put
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 VNQ came off its highs. As luck would have it I sold that first put last week on the…