Oil prices have been rising for the past month, but started to look shaky this week with as UCO fell below its 10-day moving average. Actually, oil is still in its upward trend that started in three months ago, but I’ve already made the easy money on my UCO option trade. While UCO was trading…
Month: April 2014
Sold New DIS Naked Put
When I find a stock I like, I tend to stick with it for as long as it seems like it’s working. Disney (DIS) seems to be one of my favorite flavors still. It got a little ahead of itself and I decided not to chase it after I exited in late February. DIS was…
Options Expiration – April 2014
A couple of weeks ago, I talked about closing my only April option contracts that made it to expiration, but I decided to let it play out. Today, that decision proved to be wise. My two UWM April $72 puts expired worthless. I’ll pocket a realized gain of $808.45, which is a gain of 5.95% or…
S&P 500 Index Chart – Timing is Everything
The chart below shows the daily prices for the past six months on the S&P 500 index (SPX) after the index closed at 1,865.09 on Friday, April 4, 2014. Traders will be watching to see if the trend line of higher lows holds support at the beginning of the week. If not, the SPX could…
Option Trades on SPY & UWM
I wrote recently that I had a limit order in place to close my far out-of-the-money UWM April $72 puts. Well, the order expired before I found a taker on the other side of the trade. By then, I decided UWM wasn’t worth closing for 10 cents and changed my order to close if I…
End of Month Summary – March 2014
March flew by me before I even realized that I only made three trades for the month. Actually, I traded three different contracts, but only made two trades since I closed and opened Ford puts in a calendar spread. XLF was the only new position that I opened and it finally moved to a paper…