I hate to miss out on selling volatility on days like today that have good spikes in fear so I went shopping this morning for some new positions. I entered limit orders for new naked puts on UCO, DVY, EEM and ITRI in case we get another leg lower in the next week or so. I have alerts…
Added VXX Collar and Rolled ITRI Calls
I’ve been trying to decide what to do with my VXX position for weeks, if not months. Finally this weekend I figured out a plan that limited my downside and left a good bit of upside potential. I started off by looking at the cost of just buying puts for protection and then saw that…
Dow Jones Chart – November 19, 2010
I charted the Dow Jones ($DJIA, $INDU, $DJI) after the markets closed on Friday, November 19, 2010 when it finished for the day at 11,203.55.
Options Expiration – November 2010
I had a good options expiration this November as most of my positions went my way. Here’s the breakdown of how everything finished for me. SPY – 112 Straddle (sold 1 put and 1 call at 112) – My put finished well out of the money and which means my covered call was deep in the…
Rolled UCO Covered Calls
Just a week ago UCO traded as high as $11.99. This afternoon (so far) it has traded as low as $9.97. That’s the kind of volatility that makes selling options fun when you can time it right or at least close to right. Last week I was convinced my UCO shares were finally going to get…
S&P 500 Chart – Clinging to Support
I charted the S&P 500 ($SPX) after the markets closed on Friday, November 12, 2010 when the index finished the week at 1,199.21.
Sold Another VNQ Naked Put
When I wrote about selling my first VNQ naked put last week I said I originally planned to sell two contracts, but then decided to wait for another opportunity to get in on the second contract if VNQ came off its highs. As luck would have it I sold that first put last week on the…
Dow Jones Chart – Over the Hurdle with Room to Spare
I charted the Dow Jones Industrial Average ($DJIA, $INDU, $DJI) after the markets closed on Friday, November 5, 2010 when it finished for the week at 11,444.08.
Sold VNQ December Naked Put
I started adding Real Estate Investment Trusts (REITs) to our retirement accounts a few months ago and have done well with them as they have been on a great run. VNQ is Vanguard’s ETF of REITs. Like other ETFs it holds a collection of stocks. These stocks just happen to be REITs in a variety of…