Archive for: May 2013

May 26, 2013

SPX Chart – May 24, 2013

Filed under: Finance,Indices,Stock Charts - 26 May 2013

I charted the daily prices for the past six months on the S&P 500 index ($SPX) after the index closed at 1,649.60 on Friday, May 24, 2013….

May 22, 2013

Added UCO Ratio Put Spread

Filed under: Finance,Stock Picks - 22 May 2013

Going into today, I was long 1,200 shares of UCO with six covered calls in-the-money at the July $28 strike and six covered calls out-of-the-money at the July $33 strike.  UCO has been moving higher since its mid-April low.  The …

May 21, 2013

Closed Out Some Risk

Filed under: Finance,Stock Picks - 21 May 2013

I sold a vertical call spread on TLT (20-year Treasury ETF) for a $0.28 net premium less than a month ago and closed it today, a month before it was set to expire.  While TLT was trading at $116.54, I …

May 19, 2013

Dow Jones Chart – May 17, 2013

Filed under: Finance,Indices,Stock Charts - 19 May 2013

I charted the daily prices for the past six months on the Dow Jones Industrial Average ($DJIA, $INDU, $DJI, the Dow) after the index closed for the week at 15,354.40 on Friday, May 17, 2013….

May 17, 2013

Options Expiration – May 2013 + Current Portfolio

Filed under: Account Summary,Finance - 17 May 2013

I have no options contracts expiring today.  I didn’t start the month with a bunch on my plate for May.  Over the past few weeks, I closed or rolled out the positions I did have for May.  Since I don’t …

May 10, 2013

Profit Taking: SSO and QQQ

Filed under: Finance,Stock Picks - 10 May 2013

I feel better about my IWM naked put trade from yesterday.  I was scared the rise in the Japanese yen would kick off more algorithmic selling today as it did yesterday when the yen hit parity (1 to 1) with …

May 9, 2013

Sold IWM July Naked Puts

Filed under: Finance,Stock Picks - 09 May 2013

I wasn’t planning for this trade to hit today when I entered it.  My plan was to get an order in place to hit on any weakness over the next week.  That weakness took about an hour to surface instead …

May 8, 2013

Back in with the Mouse

Filed under: Finance,Stock Picks - 08 May 2013

Disney (DIS) shares started running away from me after I went bullish in February.  I’ve sold two sets of naked puts since then and have profited nicely on both, but could’ve done better by buying calls or even buying the …

May 5, 2013

S&P 500 Chart – May 3, 2013

Filed under: Finance,Indices,Stock Charts - 05 May 2013

I charted the daily prices for the past six months on the S&P 500 index ($SPX) after the index closed at 1,614.42 on Friday, May 3, 2013….

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