After buying puts and selling covered calls on my VXX shares a couple months ago I put the position out of my focus and worked on other bullish plays. Once VXX dropped a little further I should’ve jumped back in with new calls at a lower strike, but kept dreaming that VXX would recover or flatten…
Sold SSO LEAPS, In-The-Money
I got a renewed bullish outlook after hearing Jamie Dimon’s bullish comments last night on top of seeing the successful debt offerings from Greece and Italy (yesterday) and then from Germany and Portugal (today). I haven’t even bothered to close any of my short options expiring at the end of next week that are far out of the…
S&P 500 Chart – In Middle of Trading Channel
I charted the S&P 500 after the markets closed on Friday, January 7, 2011 after it finished for the week at 1,271.50.
Bought More BND & Sold OTM UWM Puts
As I mentioned in my end of the year wrap up a couple of days ago I decided to increase the bond allocation in my accounts. I debated if I should do this now or wait longer and see if yield rise some more (meaning the prices of bonds drop more). I also thought about buying JNK which is…
Sold Another UWM Naked Put
Keeping with my plan to load up the majority of my account with LEAPS (or at least longer dated options) I was half playing around with UWM puts well out of the money. I still have my wife’s IRA with TD Ameritrade and they don’t charge for changing limit orders like Interactive Brokers does, so…
Year End Account Summary – 2010
2010 was a big let down for me on the investing front. The markets pulled out solid double digit gains and I fizzled with my timid start and fearful follow through that lasted into the fall. I started the year under invested and once I started getting more bullish by mid-year I kept my indirect…
2011 Stock Picks
For the third year in a row I’ve joined some other top financial bloggers in a contest for the top stock picks over a one year period. In our first competition in 2009 I came in second to last, in our sophomore year I finished fifth out of nine participants. In my quest for moving…
2010 Stock Picks Contest – Final Review
In 2010’s contest with other bloggers for the four top stock picks I had a simple goal – I wanted to improve on my rank from 2009. That was a fairly low bar to pass since I was second from the bottom last year. I kept it fairly simple in 2010 and went with two ETFs I…
DJIA Chart – December 31, 2010
On the last trading day of the year I charted the Dow Jones Industrial Average ($DJIA, $INDU, $DJI) after it closed at 11,577.51.