I charted the S&P 500 ($SPX) on Friday, February 25, 2011 after it closed for the week at 1,319.88.
Month: February 2011
Opened ITRI Position, Again
Once again Itron, Inc. (ITRI) has called my name and I’ve answered. I mentioned yesterday that I was thinking about making this trade and today I put those thoughts into action. While ITRI was trading at $56.95 I sold one ITRI April $55 naked put for $1.80 and received $179.24 after commissions. This trade comes…
Back Into AFL With Naked Puts
This week is still enjoyable to me. With the markets falling I’m finding some buying opportunities or more accurately, option selling opportunities. This morning’s choice was AFLAC, Inc (AFL) again. After I closed my December AFL naked puts for a profit I watched AFL take off without me aboard. I’ve been waiting for a dip…
Revisting Old Friends – UCO, JPM, VXX
I’ll admit I was kind of happy to see the futures down this morning when I turned on CNBC. I knew that meant I could get into some positions at better option prices than if I had sold the options last week. Then I saw oil was up pretty big on the Libya news and…
DJIA Chart – February 18, 2011
I charted daily prices for the past year on the Dow Jones Industrial Average ($DJIA, $INDU, $DJI) after it closed on Friday, February 18, 2011 at 12,391.25.
Options Expiration – February 2011
Today ended up being an easy options expiration for my taxable portfolio. I only had three separate options expire today on VXX, VNQ and BA. This is how they each played out along with my next steps: One VXX February 22 covered call – This worked like clockwork. I’m long 200 shares, long two June…
Sold July UWM Naked Put
I’ve been pushing most of my new option contracts out until January 2012 using a longer term strategy over the past few months, but decided I needed some more contracts expiring sooner too. Yesterday I sold a CSX March put and today I went back to an ETF, UWM. UWM is a small cap ETF…
Sold CSX Naked Put for March
CSX is one of the stocks I’ve worked with a few times in the past year and I got drawn back to it again today. I might be a little early on pulling the trigger (actually I’m quite late in returning to it overall), but I don’t think the downside risk is too great if…
S&P 500 Chart – February 11, 2011
I charted the S&P 500 on Friday, February 11, 2011 after it closed for the week at 1,329.15.