Archive for: January 2011

January 31, 2011

Added Even More UWM Exposure

Filed under: Finance,Stock Picks - 31 Jan 2011

Put options on ProShares Ultra Russell 2000 (UWM) have become hard to resist for me lately.  I understand after such a big run up the risks are higher of a bigger correction, but the January 2012 options have extreme pessimism …

January 30, 2011

SPX Chart – January 28, 2011

Filed under: Finance,Indices,Stock Charts - 30 Jan 2011

I charted the S&P 500 on Friday, January 28, 2011 after it closed for the week at 1,276.34.
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January 28, 2011

Added Exposure on the Dip – SSO & EEM

Filed under: Finance,Stock Picks - 28 Jan 2011

I’ve been waiting for a good solid down day in the markets to add some extra exposure and used today’s dip to increase my holdings some.  While I’m still underinvested overall, my use of some ultra ETFs makes up the …

January 26, 2011

Sold More UWM LEAPS

Filed under: Finance,Stock Picks - 26 Jan 2011

After posting the Russell 2000 chart this past weekend I thought this week would start off with more of a decline, but so far the 50 day moving average hasn’t even been touched yet and small caps …

January 23, 2011

Russell 2000 Chart – Broken Trend Line

Filed under: Finance,Indices,Stock Charts - 23 Jan 2011

I charted the Russell 2000 ($RUT) after it closed on Friday, January 21, 2011 at 773.18.  The small cap index has been on an outstanding run since the end of the summer last year, but this past week issued …

January 21, 2011

Options Expiration – January 2011

Filed under: Account Summary,Finance,Stock Picks - 21 Jan 2011

 I have 10 options expiring today – seven puts and three calls.  All 10 will finish above their strikes today which means I won’t be assigned any of the puts and all three covered calls will force the sale of my shares …

January 20, 2011

Sold New SSO LEAPS Far OTM

Filed under: Finance,Stock Picks - 20 Jan 2011

Although I’m starting to get the feeling that we might be at the cusp of a new downturn I decided not to wait and added a little more exposure in my TD Ameritrade (AMTD) account that’s supposed to be dedicated to …

January 19, 2011

Option Assignment – CVS

Filed under: Finance,Stock Picks - 19 Jan 2011

I opened my email to find (with little surprise) that my CVS January 31 covered calls were assigned as of the close of trading yesterday afternoon.  I say it wasn’t a surprise because today is the ex-dividend date and the …

January 15, 2011

Dow Jones Chart – January 14, 2011

Filed under: Finance,Indices,Stock Charts - 15 Jan 2011

I charted the Dow Jones Industrial Average ($DJIA, $INDU, $DJI) after it closed its second week of 2011 at 11,787.38.
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