Archive for: December 2010

December 30, 2010

Sold UWM LEAPS

Filed under: Finance,Stock Picks - 30 Dec 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 …

December 28, 2010

Sold EEM LEAPS

Filed under: Finance,Stock Picks - 28 Dec 2010

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 …

December 24, 2010

Closed Part of UCO Position

Filed under: Finance,Stock Picks - 24 Dec 2010

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 …

December 22, 2010

Sold SSO June 2011 Naked Put

Filed under: Finance - 22 Dec 2010

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 …

December 20, 2010

Updating Trading Model

Filed under: Finance,Stock Picks - 20 Dec 2010

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 …

December 19, 2010

S&P 500 Chart – 3 Year Weekly View

Filed under: Finance - 19 Dec 2010

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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December 17, 2010

Options Expiration – December 2010

Filed under: Account Summary,Finance,Stock Picks - 17 Dec 2010

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 – …

December 15, 2010

Current Portfolio – December 15, 2010

Filed under: Account Summary - 15 Dec 2010

 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 …

December 11, 2010

Dow Jones Chart – Still Running

Filed under: Finance,Indices,Stock Charts - 11 Dec 2010

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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