Short and simple – I had to cut my losses on the emerging market ETF (EEM). EEM has been dropping steadily for a few weeks. I should’ve closed my position earlier, but didn’t. Finally, I bit the bullet and dumped my puts today. While EEM was trading at $39.38, I bought to close three EEM…
Tag: EEM
Closed 3 Puts & Opened 1 Naked Put
I’m a few days early for spring-cleaning, but my trades today kind of felt that way. I had a few positions that just needed to be dumped. They weren’t doing much for me and I saw no reason to keep them. I also saw an opportunity with EEM triggered a trade for me. I’ve been…
Closed EEM Puts Position
I held onto my EEM position far longer than I should’ve, but wanted to keep some international exposure. I got over that this afternoon when its melt lower turned into nose dive. In late December 2010 and again in late January 2011 I sold EEM naked puts at the January 2012 $50 strike. I brought…
Added Exposure on the Dip – SSO & EEM
I’ve been waiting for a good solid down day in the markets to add some extra exposure and used today’s dip to increase my holdings some. While I’m still underinvested overall, my use of some ultra ETFs makes up the difference for the most part in setting me up for a rest of the year…
Options Expiration – January 2011
I have 10 options expiring today – seven puts and three calls. All 10 will finish above their strikes today which means I won’t be assigned any of the puts and all three covered calls will force the sale of my shares at the strike prices. Here’s the breakdown on each one: CSX – 1 naked put at…
Sold EEM LEAPS
As part of the strategy I started implementing over the past week or so I added some EEM LEAPS this morning when my limit order hit as EEM dipped. The spreads on the VWO LEAPS were even bigger than the shorter term options, so instead of trying to mess around with it I went straight back…
Added Some Risk with ITRI and EEM
I mentioned on Friday that I needed to add some more exposure and took advantage of this morning’s extended slide to sell more naked puts. I started with Itron (ITRI). After I rolled my covered calls lower a week ago I started wondering if ITRI might be in a sweet spot where its downside was…
Options Expiration – July 2010
What a crazy options expiration day today was! I took the opportunity to open four new positions as my old positions expired worthless. The options for September were already available for SPY, GES, NDAQ and EEM and my July options were far (enough) out of the money so I started with those and will catch up with UCO on Monday…
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…