I’ll admit I was kind of happy to see the futures down this morning when I turned on CNBC. I knew that meant I could get into some positions at better option prices than if I had sold the options last week. Then I saw oil was up pretty big on the Libya news and…
DJIA Chart – February 18, 2011
I charted daily prices for the past year on the Dow Jones Industrial Average ($DJIA, $INDU, $DJI) after it closed on Friday, February 18, 2011 at 12,391.25.
Options Expiration – February 2011
Today ended up being an easy options expiration for my taxable portfolio. I only had three separate options expire today on VXX, VNQ and BA. This is how they each played out along with my next steps: One VXX February 22 covered call – This worked like clockwork. I’m long 200 shares, long two June…
Sold July UWM Naked Put
I’ve been pushing most of my new option contracts out until January 2012 using a longer term strategy over the past few months, but decided I needed some more contracts expiring sooner too. Yesterday I sold a CSX March put and today I went back to an ETF, UWM. UWM is a small cap ETF…
Sold CSX Naked Put for March
CSX is one of the stocks I’ve worked with a few times in the past year and I got drawn back to it again today. I might be a little early on pulling the trigger (actually I’m quite late in returning to it overall), but I don’t think the downside risk is too great if…
S&P 500 Chart – February 11, 2011
I charted the S&P 500 on Friday, February 11, 2011 after it closed for the week at 1,329.15.
Current Portfolio – February 11, 2011
I’ve intentionally not traded this week. Since I’ve been selling so many longer term options lately I thought I should take a step back, let the dust settle and see how (a little) time affects my current portfolio. With volatility currently so low compared to the past couple of years the option selling trades aren’t…
Dow Jones Chart – Converging Trend Lines
I charted daily prices for the past year on the Dow Jones Industrial Average ($DJIA, $INDU, $DJI) after it closed on Friday, February 4, 2011 at 12,092.15.
End of Month Summary – January 2011
January turned out to be a good month after I came into it expecting some give back, but from what I’ve read on the S&P 500, it has never had a streak of four straight down months for January. 2011 ended the streak at three and kept the rally’s momentum going. I’m still expecting some sort of pull back…