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…
Tag: EEM
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…
Option Selling Monday – EEM and KFT
I have to admit, I was psyched when I saw the futures were down this morning pre-market. With all of my options expiring worthless I was sitting on half of my account’s cash unspoken for and ready to buy in at lower prices. I hoped we’d get a pull back and that my Dow Jones…
Options Expiration – March 2010
After what started off shaky for some of these positions ended up being a boring finish for March options expiration and that’s what I like. It’s nice having all of my positions finish out of the money with no option assignments. It gives me the freedom to reassess what I should be holding and either get…
This Is What I Own Right Now
I grabbed my list of current holdings as of the markets’ close yesterday, 1/20/10. I haven’t made any new trades today, so this is what’s in my Interactive Brokers account right now. I still have 460 shares of the bond ETF, SHM, at $24.05 I hold in TD Ameritrade too. Underlying Qty Expiration Strike Type Cost if…
January 2010 – Options Expiration (EEM & UCO)
I didn’t have much on my plate for January options expiration, but what I had worked out for me. About a week and half ago I closed my EEM naked put position because I thought EEM was ready to come off its recent highs some. I was right about EEM falling from its level at…
Closed EEM Position
I originally opened my in-the-money EEM naked put position based on EEM touching its trend line of higher lows. Since that’s how I started the position I only thought it wise to exit my position now that EEM is touching its trend line of higher highs (see the EEM Chart I posted this morning). While EEM was…
Easing Into EEM Position
A few months ago I talked about keeping a regular position in an emerging markets ETF (EEM) to have some international exposure. Once EEM had a big run up I backed off that plan, but only until today. As I reflect at the end of the year about how my trading model worked this year I’m…
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…