Natural Gas and Oil Are Up on Gustav
It took a month since I first said it, but natural gas and oil are up nicely recently on hurricanes Fay and Gustav. I can’t remember a summer/fall season where there wasn’t a scare that pushed …
My Trader's Journal
Investing in Stocks Through Options
selling naked puts and writing covered calls stock options blog
Archive for:August 27, 2008 August 15, 2008 Sold Oil ETF USO Naked PutI bought 100 shares of USO (an oil ETF) at $99.00 and sold a September 98 covered call for $6.80 in my IRA a little more than two weeks ago. I’ve watched the price of oil fall fairly steadily since then. Around the … July 13, 2008 Oil ETF – USO Chart – July 11, 2008I’m charting the oil ETF USO again after I last charted USO at the end of May. I drew a few trend lines then and as our (those who eat and drive) bad luck … June 6, 2008 Closed SPY Calls for a LossLots of bad news (oil up, unemployment up, dollar down) hit the markets before the market’s open as we all saw. Immediately I thought about the SPY calls I should’ve closed yesterday before market close. I had a ~30% gain in the bag, but …
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