I started playing with this order yesterday, but didn’t want to move my SSO put strikes higher until the rally took at least one step backward. The S&P 500 had moved higher for nearly two weeks and volatility plummeted during that rise. The trend took a break today. Although my SSO December $78 and $80…
Month: October 2013
Options Expiration – October 2013
This month’s options expiration was another easy one for me. I only had one option expire today and it was not even close. UWM is trading at $78.14 while I write this, meaning my two UWM October $52 puts will expire worthless and I’ll make a full profit. I could’ve made a lot more on the trade…
Sold New UWM Puts
My left arm is in a sling and I’m using a mix of typing with one hand and dictating to Siri on my phone and emailing myself, so I’ll keep this post short. On Friday, I entered in order to sell new UWM naked puts for January. I expected the market to pull off its…
Current Positions – October 7, 2013
I have no actual shares of a stock or ETF right now. All of my equity exposure is through naked puts. None of these puts is in-the-money, but DIS was dead-on at-the-money when I pulled this report and MDY is less than 1% away. I could take assignments on both of those options and not feel…
S&P 500 Chart- Mixed Signals
The chart below shows the daily prices for the past six months on the S&P 500 index ($SPX) after the index closed at 1,690.50 on Friday, October 4, 2013. The 10-day simple moving average (sma) broke support nearly two weeks ago and has acted as resistance since then. The 20-sma broke support at the beginning of…
End of Month Summary – September 2013
After slumping in August, I was due for another good month and September delivered. My account is within a few bucks of my high balance mark and I have plenty of room for growth without an outsized portion of risk. I could be more aggressive, but don’t have to be since I’ve done well so…