Archive for: December 2011

I only had one option expire today (DIA, December 30, $121 strike) and it expired out of the money, worthless.  Just as I expected, DIA rose some, but not enough that I should’ve bought the shares instead of selling the naked …

I charted the Dow Jones Industrial Average ($INDU, $DJI, DJIA), after the markets closed on Friday, December 23, 2011, after the Dow closed for the week at 12,294.00….

I expected to come in with at least a few trades to kick the week off on Monday and Tuesday, but stayed patient in this account and watched the fluctuations.  The two first trades I thought I was going to …

This S&P 500 ($SPX) chart shows the past twelve months of weekly prices after the index finished the week at 1,219.66 on Friday, December 16, 2011.
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Every single one of my options closed with a profit this month.  I’ve been overdue for a month like this, but it’s not a perfect ending since two of them finish a penny or two in the money and I …

When I saw bonds spiking yesterday I knew I was about to get another opportunity to work a trade on TBT again.  I didn’t trade this yesterday because I thought I’d get an even better chance today.  Instead bonds cooled …

Both of these trades would’ve been better a few days ago when I first started planning them, but hopefully it’s better late than never.  I started with CSX this morning.  I have 100 shares long and one covered call expiring …

I charted the Dow Jones Industrial Average ($INDU, $DJI, DJIA), after the markets closed on Friday, December 12, 2011, after the Dow closed for the week at 12,184.26….

I was planning to ride my VXX naked call all of the way to expiration and then sell covered puts on it for as long as I could ride it.  Once I saw $SPX hit resistance around its 200 day …