I charted daily prices for the past year on the Dow Jones Industrial Average ($DJIA, $INDU, $DJI) after it closed on Friday, March 4, 2011 at 12,169.88. It’s been two years to the day (I’m writing this on Sunday) since the market bottomed in 2009 so I decided to take a look at the full…
Month: March 2011
Added Another SSO Short Put
After I bought a March SSO put earlier this week the market turned to let me know my timing was less than ideal. I could’ve bought the put at half the price the following day, but decided to stay long with the idea that it’ll continue to add some protection to my other long positions…
Sold Another UCO Naked Put
I’m not saying I’m terribly bullish on oil at these levels in the near term, but I do think oil will continue to move higher over time. I actually think it could pull back some from where we are today to the low $90s if not upper $80s. I don’t think we’ll see the $70s…
Bought a Put & Sold a Put
I’ve been getting more nervous about the chances of a bigger correction lately and after the close yesterday I started thinking that I should buy some puts on SSO, MVV and UWM. I was looking at near term, out of the money puts and figured I could spend $300 and set up to make some…
End of the Month Summary – February 2011
This has been a fun start to the year for sure. You’d be hard pressed to be losing so far this year if you made any bullish trades/investments. We still haven’t had that give-back I was predicting for the beginning of the year and now that we’ve seen such a strong start to the year…