I charted the S&P 500 index after the markets closed on Friday, November 4, 2009 when the SPX finished the week at 1,105.98.
Sold Naked Puts Leg to Add to DIA Call Position
After I sold the DIA bear call spread on Tuesday I quickly started to lose my patience, but didn’t panic. I kept charting (throughout the day, all day) and although DIA (and the Dow) kept inching its way to new highs it fell quickly soon after each time. As I pointed out in the post…
Sold Vertical Call Spread on DIA
A few weeks ago I saw an opportunity to sell a deep in the money put spread on MON for very little out of pocket. I didn’t pull the trigger (and still don’t know why) and saw MON gain $15 over the next few weeks. I would’ve made around $850-900. I noticed DJIA was having trouble at…
End of Month Summary – November 2009
My increased market exposure from October paid off for me in November as every position improved from month’s beginning to its end. In my October Summary I pointed out that I got into the markets too early even though I expected a decline. In November I stayed patient and those paper losses turned into nice sized realized gains. With an…
Dow Jones Chart – Support at the 20 DMA
I charted the Dow Jones Industrial Average (aka $DJI, DJIA, INDU, the Dow) after the markets closed on Friday, November 27, 2009 when the Dow finished the week at 10,309.92.
NDAQ Naked Puts Redux
The day after I closed my NDAQ position before my November options expired, NDAQ had a huge day gaining almost 5% intraday. I regretted my timing of having to exit my position to move the cash to my new account, but knew there was no need to worry about it since I couldn’t take it…
Sold UCO December 12 Naked Puts
After closing my UCO position last week to move my account to IB, UCO dropped more than a dollar. Call it skill or luck, but I’m happy I timed that right. Now that some of my cash has been transferred I’m pushing my luck/skill again with UCO. This morning, while UCO was trading at $12.62…
S&P 500 Chart – Getting Tired?
I charted the S&P 500 ($SPX.X) after the markets closed on Friday, November 20, 2009 when the SPX finished the week at 1,091.38.
Options Expiration – November 2009
One of the biggest decisions to make when selling options is picking the right strike price. What’s considered the right strike price isn’t a one size fits all. Some investors (I’m saying “investors”, not “traders” because I don’t look at my approach as short-term enough to actually be called trading) might want the maximum premium intake possible while…