Every single one of my options closed with a profit this month. I’ve been overdue for a month like this, but it’s not a perfect ending since two of them finish a penny or two in the money and I didn’t buy them back. Also, a couple were covered calls I was ready to see…
Tag: MVV
Shifting Risk with MVV, SSO and TBT + A Trading Model Change
As I mentioned last week with my TWM trade and in my $SPX chart on Sunday, I’ve grown more bearish lately and I made some more changes today. I started with a basic sell to lighten my overall exposure to the markets. I sold 200 shares of SSO for $41.88 and received $8,375.01 after commissions. I…
Options Expiration – November 2011
Options expiration finished pretty good for me on a few positions, but really bad on a couple of others that wiped out my gains on the good ones and then some. This is how it shook out this month: UCO – 3 November 26 naked puts – Finished out of the money by a long…
Sold Another MVV November Naked Put
In my post from earlier today I mentioned that I had a limit order out for a new MVV naked put. Since it had been sitting out there for an hour or more before I wrote my last post I was starting to think it wouldn’t hit, but before the end of the day someone…
Sold MVV November Naked Put
I noticed last week that MVV was trading November options now, but was too busy playing catch up with work after taking time off for my grandmother’s funeral to make a trade on it. I also wanted to see how far this rally was going to bounce before adding more exposure. I thought about it…
Current Portfolio – February 11, 2011
I’ve intentionally not traded this week. Since I’ve been selling so many longer term options lately I thought I should take a step back, let the dust settle and see how (a little) time affects my current portfolio. With volatility currently so low compared to the past couple of years the option selling trades aren’t…