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 16,302.77 on Friday, March 21, 2014. The DJIA is still slightly below its 2013 closing level, but up from its dip that ended in early February. As…
Month: March 2014
Sold XLF Naked Puts ITM
Almost two and a half months ago, I mentioned that I was considering a bullish spread on XLF, the Financial Select Sector Spider. It was trading around $22.00 that day. Before I placed an order over the next week, it started to falter and fell more than $1.50 from its high. I stopped following it…
Rolled Ford Puts from March to May
Ford (F) hasn’t quite behaved like I expected it to yet, but I still see some potential left in it or at least a good way to make money if it doesn’t sink much more. F fell as low as $14.41 at the beginning of February and I figured I’d be forced into taking a…
End of Month Summary – February 2014
The bull market showed it isn’t dead yet during February as the markets recovered (at least the main indexes did, except for the Dow) from recent lows and moved into positive territory. I maintained my lead over the indexes for the year-to-date, but the margin narrowed slightly. I have some in-the-money puts that can give me a better…