My left arm is in a sling and I’m using a mix of typing with one hand and dictating to Siri on my phone and emailing myself, so I’ll keep this post short. On Friday, I entered in order to sell new UWM naked puts for January. I expected the market to pull off its…
Current Positions – October 7, 2013
I have no actual shares of a stock or ETF right now. All of my equity exposure is through naked puts. None of these puts is in-the-money, but DIS was dead-on at-the-money when I pulled this report and MDY is less than 1% away. I could take assignments on both of those options and not feel…
S&P 500 Chart- Mixed Signals
The chart below shows the daily prices for the past six months on the S&P 500 index ($SPX) after the index closed at 1,690.50 on Friday, October 4, 2013. The 10-day simple moving average (sma) broke support nearly two weeks ago and has acted as resistance since then. The 20-sma broke support at the beginning of…
End of Month Summary – September 2013
After slumping in August, I was due for another good month and September delivered. My account is within a few bucks of my high balance mark and I have plenty of room for growth without an outsized portion of risk. I could be more aggressive, but don’t have to be since I’ve done well so…
DJIA Chart – September 27,2013
I charted the daily prices for the past seven months on the Dow Jones Industrial Average ($DJIA, $INDU, $DJI, the Dow) after the index closed for the week at 15,258.24 on Friday, September 27, 2013. The next trend line to watch is very subjective. It cuts through the middle of the wider trading channel, but has…
Closed UCO Ratio Put Spread
I feel relatively confident that oil’s best days are behind it for the near term, but a few weeks ago, I entered an order to close my UCO put spread for a tiny additional profit. My order lasted for at least two weeks to sell my 20 short puts and 10 long puts for net…
S&P 500 Chart – It’s Not Over Until It’s Over
I charted the daily prices for the past year on the S&P 500 index ($SPX) after the index closed at 1,709.91 on Friday, September 20, 2013. I pulled up a six-month chart when I first charted the $SPX today. I saw this four-month trend line act as resistance and thought, that was a clear reason…
Options Expiration – September 2013
I’m a day early on my options expiration post because I closed out my remaining September options today and figured I could wrap up my commentary sooner than later too. I might come back in to make another trade tomorrow, but doubt it based on the trades I made today and everything else I have…
Dow Jones Chart – September 13, 2013
I charted the daily prices for the past six months on the Dow Jones Industrial Average ($DJIA, $INDU, $DJI, the Dow) after the index closed for the week at 15,376.06 on Friday, September 13, 2013. The first bullish indicator was seen from the trend line of higher lows over the past six months. The Dow dropped quickly…