Current Portfolio – December 31, 2012

I haven’t made a trade in more than a week.  For the most part, I squared up how I wanted to end the year while December options expired on December 22nd.  This is what I ended with in my account at the end of 2012.

  • DIA – Short one March $133 put
  • IWM – Long 300 shares
  • IWM – Long two January $80 puts
  • MDY – Short one March $188 put
  • QCOM – Long 200 shares
  • QCOM – Short one January $62.50 put
  • QCOM – Short two January $65 covered calls
  • SNRV – Long 50 shares (this is after a reverse split 1 for 10, I need to take my loss on this and get it off my books)
  • SPY – Long two January $139 puts
  • SPY – Short two January $147 puts
  • SPY – Short one February $144 put
  • T – Long four January $32 puts
  • T – Short four January $34 puts
  • UCO – long 600 shares
  • VNQ – Long two January $64 puts
  • VNQ – Short two January $66 puts
  • Cash: $62,201.85
  • Balance, near the end of trading: $114,593.43

I’ll have my usual full account summary in a couple of days after I can download data through today.  I have pretty good upside potential with my current holdings, but also have some (not much) insurance in the form of long puts to cushion any steep sell off we see in the next few weeks.  I’d actually like to see a quick dip so I can sell my long puts and then hold on for the ride higher through 2013.  I expect 2013 to end higher than today’s close, but maybe not by more than 10%.  I’ll probably continue on my path of using index ETFs with naked puts, covered calls and put spreads.  I’ll also work some more individual stocks.  I think AAPL’s worst days are behind it and thought about selling a far out of the money put spread last week, but didn’t get to it.  Maybe I will later this week.  First, I need to withdraw $14,593+- from this account and start 2013 with $100k again, like I did in 2012.  I’ll get the exact amount tomorrow and request the transfer.  Then, I can decide how deep I want to risk going on margin with new positions.

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