Archive for: June 2011

June 29, 2011

Added More Large Cap Exposure

Filed under: Finance,Stock Picks - 29 Jun 2011

While the markets were on a steady slide lower since the beginning of May I let my overall equity exposure slip away some.  This was nice on the way down, but with what I see as limited downside remaining I’ve …

June 27, 2011

New Naked Puts on QCOM and CSX

Filed under: Finance,Stock Picks - 27 Jun 2011

I’ve mentioned a couple of times recently that I was considering QCOM as one of my next trades.  I finally got around to it today.  While QCOM was trading at $54.27 I sold one QCOM August $52.50 naked put for …

June 26, 2011

Russell 2000 Index Chart – June 24, 2011

Filed under: Finance,Indices,Stock Charts - 26 Jun 2011

I charted the Russell 2000 Index ($RUT) after it closed on Friday, June 24, 2011 at 797.79.  Just as the S&P 500 has done recently, the Russell 2000 found support at its 200 day moving average (dma) and bounced.  The …

June 24, 2011

UCO Chart + New Option Strangle Details

Filed under: Finance,Stock Picks - 24 Jun 2011

I almost made this trade yesterday while I was thinking of it, but luckily I chose to wait a day and was able to get in with a slightly better premium on the put.  I don’t think the call lost …

June 23, 2011

Closed UCO Covered Call

Filed under: Finance,Stock Picks - 23 Jun 2011

As I mentioned when I sold this covered call I wasn’t really convinced it was the right order to place.  I cut off my upside potential too low and had seller’s remorse right away.  I almost bought it back a …

June 20, 2011

DSX – Added 3 Option Legs

Filed under: Finance,Stock Picks - 20 Jun 2011

My three Diana Shipping Inc. (DSX) puts were assigned to me on Friday when they expired in the money and I was forced to buy 300 shares today.  I spent some time trying to decide what options to sell to go …

June 19, 2011

SPX Chart – Are We There Yet?

Filed under: Finance,Indices,Stock Charts - 19 Jun 2011

I charted the S&P 500 ($SPX) after it finished the week at 1,271.50 on Friday, June 17, 2011, just above its 200 day moving average (dma).  Two weeks ago when I last posted an SPX Chart I …

June 17, 2011

Options Expiration – June 2011

Filed under: Account Summary,Finance,Stock Picks - 17 Jun 2011

June wasn’t the prettiest options expiration I’ve had.  My covered calls expired out of the money leaving me farther below my purchase price for the shares and my puts expired in the money.  That’s basically the opposite of how I …

June 16, 2011

Exercised VXX Put and Closed SSO Put

Filed under: Finance,Stock Picks - 16 Jun 2011

I’ve been debating buying back the SSO June 50 naked put I sold last December and mentioned it last week in my rambling post.  SSO was trading at $47.89 back then.  Today while SSO was …

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