As I mentioned in my update yesterday, I was under-invested and felt the need to add some more risk and upside potential to my account. My small and mid-cap allocation in ETFs takes up roughly 27% and 24% of my account respectfully. I have no large-cap or international ETFs in my account, but I have some…
Month: October 2014
Sold DIS December Covered Call
Disney ($DIS) is almost back up to my entry point at $90 and I decided to go ahead and plan my exit. While DIS was trading at $89.16, I sold one DIS December $92.50 covered call for $1.01 and received $100.51 after paying $0.49 in commission. If DIS breaks high above $93.50, I might second-guess…
YHOO, BABA and TLT Option Updates
This was a good week in general for my account. Everything I owned improved, except for my BA put, but I’m not worried about it long-term. Yahoo jumped high enough to make my November options extremely cheap, so I decided to close them today. While YHOO was trading at $43.01, I bought to close three…
Options Expiration – October 2014
I skipped writing a monthly option expiration post last month because I had nothing expiring in September. YHOO, DIS and of course TLT prompted my update today. My easiest position to watch during the recent mini-correction was my YHOO October $33/35 short put spread. It expired today for a full profit of $245.67 with a few…
TLT Weekly Put Spread Series – Update 3
TLT started to dip into negative territory this morning after running as high as $124.13 at the open (and $127.68 at yesterday’s open). Like any rally in stocks lately, any weakness in bonds tends to be met with a reversal before long. I took this opportunity to cut my losses this morning and closed my weekly…
Dumped FEZ
Europe has been showing signs of weakening for a while and I should’ve reacted quicker. This morning I capitulated and sold my 200 shares of FEZ for $37.10. I received $7,418.84 after paying $1.16 in commission. FEZ was up for the day and I thought I should cut my losses on an up day. I pulled…
TLT Weekly Put Spread Series – Update 2
The TLT October 10 $117/117.50 put spreads that I sold last week expire this afternoon and look like it will finish far out-of-the-money. This move against me will give me a realized loss of $79.74 (on top of the realized loss of $51.24 I took last week on my first TLT spread). Since I won’t…
S&P 500 Chart – October 3, 2014
The chart below shows the daily prices for the year-to-date on the S&P 500 index ($SPX) after the index closed the week at 1,967.90 on October 3, 2014. Before the market opened the next day, index futures were predicting a positive open as the reigns were being handed back to the bulls after a 4.6% mini-correction. When the monthly…
TLT Weekly Put Spread Series – Update 1
I learned a good lesson today as I messed around with TLT put spreads. When the monthly jobs’ data beat expectations, I thought TLT would drop based on the belief that it was more likely the Fed would raise rates sooner than later. At first, the market agreed with me and TLT sank as low as…