The final options expiration for my year is going out with a whimper. I only had one option contract remaining and it’s nearly $15 out-of-the-money. My MDY December $125 naked put was the position I thought about closing over the past couple of weeks for $0.10 and then it went up to $0.50+ before calming…
Month: December 2013
Rolled My Leveraged Naked Puts
I had two different January leveraged ETF puts going into today that had limited upside potential. The downside risk was still there in case a black swan event hit. So, I thought I should roll these out and up with diagonal spreads to increase my potential profit in the coming months. The underlying ETFs were…
End of Month Summary – November 2013
November surprised me a little. Stocks had a better gain than I expected and only the shallowest of dips with no spikes in volatility. In hindsight, I should’ve been more aggressive. Since I kept a safer stance, I trailed the indexes again. It’s hard to complain about a month where I earned more than 1.65%….
Dow Jones Chart – November 29, 2013
I charted the daily prices for the past six months on the Dow Jones Industrial Average ($DJIA, $INDU, $DJI, the Dow) after the index closed for the month at 16,086.41 on Friday, November 29, 2013. The trend line that was resistance in July, August and September could be the next area of support. As mentioned here…