I charted the Dow Jones Industrial Average ($DJIA, $INDU, $DJI) on Friday, May 28, 2010, after it finished the week at 10,136.63.
Sold EEM Puts at the Open
When I sold EEM covered calls yesterday I mentioned that I was nervous about its prospects, but would consider adding new naked puts if/when it dipped to the $35.50 area where I thought it would find support. I entered a limit order about 35-40 cents above the bid/ask and let it sit. With the fall this…
New Position on NDAQ
I mentioned earlier today that I had some more stocks I was eyeing for new naked puts. NDAQ was one of those. My last option strangle on NDAQ ended with my shares getting called away at $19.00. I took a loss on the shares and had to stay out of it for a month so…
Position Updates – SPY and EEM
As I mentioned a few days ago in my May options expiration post that I planned to sell covered calls on a couple of stocks that were assigned to me. I started with SPY and targeted an options strangle (sell a put and sell a call at different strikes on the same underlying stock) and my…
S&P 500 Chart
I charted the S&P 500 ($SPX) after the markets closed on Friday, May 21, 2010, when the index finished the week at 1,087.69.
Options Expiration – May 2010
What started just a couple of weeks ago as an easy ride into expiration turned around on me very quickly, especially in the last few days before today’s relief. I’m still not sure what to think with where the markets are heading over the next week/month and so I started adjusting some of my positions today…
Completely Changed UCO Position
I made a major change with my UCO position this afternoon. I started working on this idea a couple of days ago and wanted to wait until later in the week to kick it off to make sure UCO didn’t rally too soon. Before I made this change today I was short 10 UCO May 13 naked puts…
DJIA Chart – May 14, 2010
I charted the Dow Jones (aka DJIA, $INDU or $DJI) after the markets closed on Friday, 5/14/10, when the index finished the week at 10,620.16.
No New Trades
I haven’t gone anywhere. I’m just doing more watching than trading. I guess I got a little spooked by the dive last week and have held off on opening new exposure in my taxable account. I’ve done a little asset allocation adjusting in my IRA and in my wife’s too. I’m turning those into mostly…