January has been even worse than most bears expected. I’ve been in the camp that we’re oversold and the mass selling should subside sooner than later. Apparently, we aren’t there yet. I regret not adding more long puts like I planned to do after closing my last ones for a profit. I also regret being overly…
Month: January 2016
SPY Chart – January 8, 2016
The chart below shows the monthly prices for the past 10 years on SPY, an S&P 500 Index ETF, after closing the week at $191.92 on January 8, 2016. Stocks have been in a sustained bull market since bottoming in March 2009 and have traded within a broadening trading channel for this seven-year period. So far, each move to the…
Rolled TLT Naked Calls to March
TLT has been creeping towards my January naked call strike since the day after I sold this lot of calls. I waited out the peak in December when TLT hit $124.10, but decided to take a profit today and roll the position out to March at a higher strike too. While TLT was trading at…
End of the Year Summary – 2015
Once again, I proved that selling options can beat buy and hold investing. 2015 was an even better year for me than 2014 and it was more fun since the major indexes did very little to please investors. I finished 2015 off of my highs reached a few days earlier and below my ending balance from…