I charted daily prices for the past year on the Dow Jones Industrial Average ($DJIA, $INDU, $DJI) after it closed on Friday, July 29, 2011 at 12,143.24. When I posted a DJIA chart two weeks ago I pointed out that we would probably see the index come down to its 200 day moving average and…
Month: July 2011
Sold Another January UWM Naked Put
Over two weeks ago, on the morning of July 13th (the same day I sold my last UCO naked put), I was looking at my TD Ameritrade (AMTD) account and was thinking that I still had more margin not in use. I figured I could sell some more longer-dated options, far out-of-the-money and not take…
Sold VNQ Naked Put
I exited my last VNQ position in February when my covered calls expired and I sold my shares at the $55 strike. I waited a little while to make sure the wash rule passed and then kind of forgot about getting back in. I started watching the REIT again about a week ago when it…
S&P 500 Chart – July 22, 2011
I charted a little more than the past six months of the S&P 500’s ($SPX) daily prices after it finished the week at 1,345.02 on Friday, July 22, 2011. After falling to its lowest levels of July, the large cap index rallied 2.2% this past week which brought it up to a 6.9% return for…
Sold Another MVV November Naked Put
In my post from earlier today I mentioned that I had a limit order out for a new MVV naked put. Since it had been sitting out there for an hour or more before I wrote my last post I was starting to think it wouldn’t hit, but before the end of the day someone…
Sold AFL Covered Calls
This week has been busy for me. I had a lot of option expire for clients last Friday and spent some time in the first part of the week repositioning their holdings and by the second half of the week I was glued to the Tour de France. I know, not a money maker for…
Dow Jones Chart – The Waiting Game
I charted daily prices for the past year on the Dow Jones Industrial Average ($DJIA, $INDU, $DJI) after it closed on Friday, July 15, 2011 at 12,479.73. The DJIA came close to its multi-year high a little over a week ago, but failed to get all of the way up there. This creates the second…
Options Expiration – July 2011
Options expiration was mixed again for me this month. I only had four options expire today on three underlying stocks/ETFs – UWM, UCO and AFL. Starting with the good, two of my naked puts expired worthless. On the other side one of my naked puts expired in the money which also left the covered call…
Added January UCO Naked Put
This morning I was looking at my TD Ameritrade (AMTD) account and started thinking that I had some more room to add exposure there since the LEAPS I sold months ago are far from being assigned. I don’t have a lot of cash available in that account so I turned to UCO knowing that I…