The Disney (DIS) trade I made a couple of months ago for April expiration wasn’t quite aggressive enough. I sold those two DIS April $55 puts while the contracts were in-the-money by $0.05 and then saw DIS slide lower some. I didn’t sweat the dip, but didn’t take advantage of it either. Last year, I…
Month: April 2013
S&P 500 Chart – April 5, 2013
I charted the daily prices for the past six months on the S&P 500 index ($SPX) after the index closed at 1,553.28 on Friday, April 5, 2013. Since November, the S&P 500 has traded in a narrow ascending trading channel with only two prior dips to the trend line of higher lows. This trend line was…
Sold Far OTM SSO Naked Puts
I just got back in town yesterday after taking a few days off for vacation. (I highly recommend a day at LegoLand Florida if you have a 9-year old son, just get there at the open.) I set-up all of my limit orders to expire before I left my office. I didn’t want something big…
End of Month Summary – March 2013
I had a nice recovery in March, mainly due to the turn around in oil and my heavy position in UCO, the leveraged oil ETF. Other positions helped through time value decay on my naked puts, but UCO is what I’m living and dying by lately. I’ll be ready to unload my UCO holdings if…