Archive for: July 2012

July 30, 2012

Sold October UCO Naked Puts

Filed under: Finance,Stock Picks - 30 Jul 2012

On Friday, I mentioned that I had an order in to sell UCO naked puts.  I was hoping it would hit at the open today, but instead the bid/ask dropped by 10 cents.  I could’ve sold the puts for a …

July 29, 2012

DJIA Chart – July 27, 2012

Filed under: Finance,Indices,Stock Charts - 29 Jul 2012

I charted the past six months of daily prices for the Dow Jones Industrial Average ($DJIA, $INDU, $DJI, the Dow) after the index closed at 13,075.66 on Friday, July 27, 2012….

July 27, 2012

Sold QCOM September Put

Filed under: Finance,Stock Picks - 27 Jul 2012

Not that I expect this trend to continue for months, but it sure is fun having a day like today.  My long positions are climbing and my short position is falling.  This is how it is supposed to work.  I’ve …

July 24, 2012

Sold Covered Puts on TLT

Filed under: Finance,Stock Picks - 24 Jul 2012

Just as you can sell a covered call when long a stock or ETF, you can sell a covered put when short a stock or ETF.  I went short TLT after the markets closed on Friday from my short call …

July 20, 2012

July 2012 – Options Expiration

Filed under: Account Summary,Finance - 20 Jul 2012

A lot of what I had in play for July did well for me, but it only takes one or two bad trades to mess up the month.  TLT and SH were those trades for me.

This is how my options expiration …

July 12, 2012

Sold SPY and DIA Covered Calls

Filed under: Finance,Stock Picks - 12 Jul 2012

I bit the bullet today and sold covered calls on DIA and SPY.  I thought I was going to wait to let them resume their climb, but opted to take in a little profit today at the expense of capping …

July 9, 2012

Sold DIA Put Spread for August

Filed under: Finance - 09 Jul 2012

I’ve been trying to add a replacement DIA spread for a week or more, but couldn’t get my limit orders to hit.  Apparently, I needed two down days in a row to spark some more pessimism into the market to …

July 8, 2012

SPX Chart – Stuck in Descending Trading Channel

Filed under: Finance,Indices,Stock Charts - 08 Jul 2012

This S&P 500 ($SPX) chart shows the past six months of daily prices after the index finished the week at 1,354.68 on Friday, July 6, 2012.

July 6, 2012

Sold September IWM Covered Call

Filed under: Finance,Stock Picks - 06 Jul 2012

I’ve been sitting on my IWM shares since June options expiration without any covered calls on my 300 shares.  Before that I only had one covered call on my 200 shares and a put that ended up being assigned.  I …

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