My 2011 stock picks were pretty vanilla and the results were too, except for EET which sunk me the most. (See the results of our 2011 Stock Picking Competition at the bottom of this post.) My 2012 ETF and stock picks mix in some spice with a dash of vanilla left in there too. Of…
Tag: GLD
Cutting Losses
Yesterday I mentioned that I didn’t think we’d get a bounce today. However, I didn’t expect such a massive sell off. If I dreamed it was going to be like this I would’ve made today’s trades a lot earlier. I started with selling lower covered calls on Aflac (AFL). I thought about just dumping the…
Bought Gold (GLD)
I’m late to the gold game, but I finally got back in. For months I expected the dollar to strengthen on the weakening euro. Now I’ve come to accept the fact the US has to weaken the dollar to have a chance of getting a handle on our debt. This weakening will just continue to…
Options Expiration – November 2010
I had a good options expiration this November as most of my positions went my way. Here’s the breakdown of how everything finished for me. SPY – 112 Straddle (sold 1 put and 1 call at 112) – My put finished well out of the money and which means my covered call was deep in the…
Sold GLD Vertical Put Spread
I’ve been getting left behind in this rally mainly thanks to my long position on VXX. Also a lot of my naked puts are getting fairly far out of the money and covered calls are deep in the money. That means a lot of the time value has already evaporated, so each positive day in the markets…