I mentioned in my end of the month summary this week that I sent in another $2,000 to my TD Ameritrade account where I hold my long bond positions. Although I sent the funds in nearly a month ago I just had it sitting there in cash. I was waiting on a dip in bonds and…
End of Month Summary – August 2010
As I mentioned in a post near the end of July, times seemed too good to last and I expected the July rally to fizzle. And fizzle it did along with my balance. I didn’t fall as hard as the broader markets, but certainly lost. I ended August with a combined balance of $108,954.79 ($95,553.87.87 with…
Sold More VXX Naked Puts
The premiums on VXX are just hard to resist, so I didn’t. I like VXX as an indirect hedge for most of my other long positions and think even on a lull in volatility the premiums are still worth selling out of the money. While VXX was trading at $22.32 this morning (above its low) I sold three…
New Covered Calls on ITRI, AVAV, & CSX
I’ll admit I got a little excited about the prospects of a little rally this morning while I was long so many positions still open long without covered calls. That misplaced euphoria vanished quickly as the markets retreated. By noon I had already sold three covered calls and I’m still debating some others. While ITRI was…
S&P 500 Chart – Sliding, But Still In Trading Channel
I charted the S&P 500 ($SPX) after the markets closed on Friday, 8/20/10, when it finished the week at 1,071.69.
Options Expiration – August 2010
Today’s option expiration finished somewhat differently than I thought it was going to as of a week ago. Here’s the breakdown of how it went down: VXX, two August 24 Puts – I’ll be assigned 200 shares of VXX on Monday morning. Instead of trying to roll these puts I sold covered calls on the shares…
Carnival of Financial Planning – Edition #154 – August 20, 2010
MyTradersJournal.com has the honor of hosting this week’s Carnival of Financial Planning. ——————– ——————– ——————– Best Personal Financial Planning and Personal Investment Articles this Week from Personal Finance Blogs Welcome to the August 20, 2010 Edition #154 of the Carnival of Financial Planning. The Carnival of Financial Planning takes a long-term view of personal financial planning for…
AVAV Price and Value Charts
I have AVAV covered calls expiring tomorrow and it looks like I’ll be holding onto my shares, i.e. the options are out of the money by more than 6% with one day to go. I’ve been debating what I should do; exit my position now or hold on for one more round of covered calls….
Current Portfolio – August 16, 2010
I haven’t made a trade yet in August. That’ll change this week with options expiration upon us as I adjust my option holdings. It’s not necessarily because I’ve been too busy to get to it, but more so that I couldn’t find anything I liked that I wasn’t already invested in with this latest dip back…