This S&P 500 ($SPX) chart shows the past three months of daily prices after the index finished the week at 1,244.28 on Friday, December 2, 2011. The large cap index just finished its second best weekly point gain ever, but is facing resistance from its 200 day moving average (dma) now. Although the SPX has made…
Month: December 2011
Sold DIA Naked Put
Yesterday I mentioned my plans to come in on either direction the jobs data pointed us. Although the details within the jobs data were mixed, the headline number helped push the scrum to the bulls’ side to start the day. Seeing the ECB showing more teeth in their snarl helped too. (The ECB is reported…
Closed TWM Naked Puts
Yesterday I mentioned that I might have to close these puts early if small caps continued to rise. This morning in my month end summary I referenced the move again when I said I need to be better about closing positions early when I have a good profit. Soon after I wrote that I decided…
End of Month Summary – November 2011
November showed how good October was. It made flat feel like a loss after having such easy money the month before. I gained a little, but was essentially flat. I could’ve done better if I didn’t pull back on my risk exposure as much as I did, but sometimes it’s better to reduce risk and…