Archive for: April 2013

April 28, 2013

DJIA Chart – Almost Time to Sell in May?

Filed under: Finance,Indices,Stock Charts - 28 Apr 2013

I charted the weekly prices for the year-to-date on the Dow Jones Industrial Average ($DJIA, $INDU, $DJI, the Dow) after the index closed for the week at 14,712.55 on Friday, April 26, 2013….

April 26, 2013

Sold TLT June Call Spread

Filed under: Finance,Stock Picks - 26 Apr 2013

Selling vertical call spreads on TLT is one of my favorite trades.  I did it three times last year and only had one assignment.  That one assignment ended up turning into a $2,400+ profit.  The spreads that expired worthless were …

April 25, 2013

Sold T July Naked Puts

Filed under: Finance,Stock Picks - 25 Apr 2013

AT&T (T) got hammered yesterday after their disappointing earnings call.  I thought the beating was a little bit of overkill and looked to the puts column for a path to profit.  I expect the downside from the new lower levels …

April 21, 2013

S&P 500 Chart – Bears’ Turn?

Filed under: Finance,Indices,Stock Charts - 21 Apr 2013

I charted the daily prices for the past six months on the S&P 500 index ($SPX) after the index closed at 1,555.25 on Friday, April 5, 2013, almost exactly where it was when I charted it two weeks ago….

April 19, 2013

Options Expiration – April 2013

Filed under: Finance,Stock Picks - 19 Apr 2013

I came into today with only a couple of positions remaining.  I closed my other April options over the past few weeks, mostly with poor timing.  My AAPL bear put spread was a fantastic trade, except I closed it for …

April 18, 2013

Sold UCO July Covered Calls

Filed under: Finance,Stock Picks - 18 Apr 2013

This has not been my month for timing exits from my positions.  I’ll go into more detail on this tomorrow about what “could’ve been” with other positions.  In reference to UCO, it’s annoying me more than trades usually do.  I …

April 14, 2013

Dow Jones Chart – April 12, 2013

Filed under: Finance,Indices,Stock Charts - 14 Apr 2013

I charted the weekly prices for the past three years on the Dow Jones Industrial Average ($DJIA, $INDU, $DJI, the Dow) after the index closed for the week at 14,865.06 on Friday, April 12, 2013.

The technicals haven’t changed for the most part, …

April 12, 2013

Finished Closing UCO Vertical Put Spread

Filed under: Finance,Stock Picks - 12 Apr 2013

I’m very happy I didn’t chase the UCO trade yesterday to close out my vertical spread portion of my UCO position.  I didn’t know if I was going to have a chance to get out at the same price after …

April 11, 2013

UCO Ratio Spread – Partial Fill to Close

Filed under: Finance,Stock Picks - 11 Apr 2013

Along with my 600 shares of UCO and the covered calls that go with them, I started the day long six UCO April $30 puts, short six April $28 puts and short six more April $27 puts.  The six long …

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