Archive for: November 2011

Like most bullish investors, I woke up to see some exciting futures this morning only to see them improve even more with each piece of data and news story that hit the wires.  I was considering opening more exposure on …

I charted the Dow Jones Industrial Average ($INDU, $DJI, DJIA), after the markets closed on Friday, November 25, 2011, after the Dow closed for the week at 11,231.78….

It’s not that oil looks like it is going to shoot all that much higher from here, but maybe more that I don’t think it’s going to tank to ridiculously low levels.  My current oil exposure is all in UCO …

As I mentioned last week with my TWM trade and in my $SPX chart on Sunday, I’ve grown more bearish lately and I made some more changes today.  I started with a basic sell to lighten my overall exposure to …

This S&P 500 ($SPX) chart shows the past three months of daily prices after the index finished the week at 1,215.65 on Friday, November 18, 2011….

Options expiration finished pretty good for me on a few positions, but really bad on a couple of others that wiped out my gains on the good ones and then some.  This is how it shook out this month:

UCO – …

This is a trade I’ve been working for the past couple of options expiration cycles in my IRA successfully and in my taxable account once (ending in a profit in October).   I have seven naked puts in and out of the …

As expected, I received notice this morning that my two AFL November $36 covered calls were assigned early and I was forced to sell my 200 shares for $36.00 before I could collect the dividend. At least IB doesn’t charge commissions …

I charted DIA, an ETF that tracks the Dow Jones Industrial Average ($INDU, $DJI, DJIA), after the markets closed on Friday, November 11, 2011, as the Dow closed for the week at 12,153.68 and DIA closed at 121.53…