Archive for: December 2010

Although I already have some small cap exposure through IWM naked puts I decided not to wait any longer before selling my first LEAPS on ProShares Ultra Russell2000 (UWM).  The “Ultra” part of the name signifies that ProShares tries to seek …

As part of the strategy I started implementing over the past week or so I added some EEM LEAPS this morning when my limit order hit as EEM dipped.  The spreads on the VWO LEAPS were even bigger than the shorter …

A few days ago I entered a limit order to close my UCO January $10 naked puts and free up some potential margin.  The bid/ask was $0.05/0.15, so I went in at the low end and placed my order to …

As I mentioned a couple of days ago I’m off on a new adventure in rotating my account to longer term options (LEAPS).  Technically LEAPS are defined as having a longer duration than nine months, so this trade today was just …

I’m tweaking my trading model a little bit for 2011 and started the shift today.  I’ll be rolling this into my account gradually over the next few weeks (maybe longer).  The short version is that instead of selling options only one …

I charted the S&P 500 ($SPX) after the markets closed on Friday, December 17, 2010 when the index finished the week at 1,243.91.
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I had a mixed options expiration for December with two of my options expiring while the underlying stock was trading above the strike and the other two finished below the strike.  Here are the details:

MDY December 145 naked put – …

 This is my list of what’s in my account right now.  I only have four options left that are expiring this week and one of those is a covered call.  The call is going to be assigned which means I’ll …

I charted the Dow Jones Industrial Average ($DJIA, $INDU, $DJI) after the markets closed on Friday, December 10, 2010 when it finished for the week at 11,410.32.
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