Taking a loss is never fun, but I should’ve done it sooner maybe. My ratio call spread on TLT set to expire in May didn’t quite go as planned. While TLT was trading at $128.43 this afternoon, I bought to close 10 TLT May $126 calls for $2.85 each and sold to close 20 TLT…
Month: April 2016
Options Expiration – April 2016
Once again, I have no options expiring today. I haven’t even made a trade in weeks. So, I’ll give a portfolio update instead. I was planning to sell covered calls on my IWM, MDY, DIS shares, but the charts showed a lot of upside available and I waited. Now, I’m thinking about it again and…
End of the Month Summary – March 2016
March was a fantastic month for nearly everyone who was long stocks. My gains were cut by my short position on TLT, the 20-year Treasury ETF, but I still had a really good month. My stock ETFs produced all of my gains. My TLT shares that I’m short cost me $3,884, but my options on…
SPY Chart – April 1, 2016
The chart below shows the monthly prices for the past year on SPY, an S&P 500 Index ETF, after closing the week at $206.92, on April 1, 2016. Technical indicators can be cruel sometimes. As with every stock and index prediction tool, sometimes they give false positives. If they didn’t, everyone would use them and nobody would fall prey…