The chart below shows the daily prices for the year-to-date on SPY, an ETF that tracks the S&P 500 Index, after closing the week at $215.04, on October 7, 2016. While the large intraday price swings seen recently make the markets seem out of control, stock indexes have been moving in a tight trading range. The SPY chart…
Tag: SPY
SPY Chart – April 1, 2016
The chart below shows the monthly prices for the past year on SPY, an S&P 500 Index ETF, after closing the week at $206.92, on April 1, 2016. Technical indicators can be cruel sometimes. As with every stock and index prediction tool, sometimes they give false positives. If they didn’t, everyone would use them and nobody would fall prey…
Taking Profits on IWM and SPY
As expected, stocks rose this morning and then faded. I expected the fade to come later in the day or maybe even tomorrow. When I saw sellers coming in to take over the bulls’ fun, I decided it was time to take some profits and start setting up my end of the year payout. I…
Options Expiration – December 2015
Today’s option expiration was easy. It wasn’t fun, but was certainly easy since I didn’t have to do anything outside of see my balance drop again. I thought my SPY covered call might get assigned by the end of the week, but it didn’t. I had one of my clients in the same position and…
Sold SPY & MDY December Covered Calls
I’ve enjoyed the rally over the past week and the fact that my account balance is back to within about 2% of my highs of the year. Since we’ve just had a strong multi-day bounce off the recent lows, I figured that we didn’t have too much more upside in the immediate future. I started looking for…
Options Expiration – September 2015
I had three options expire today. Two of the three options will be assigned and one finished with a full profit. My one SPY September $215 put finished deep in the money, as did my one MDY September $280 put. My paper loss on these two puts was reduced more than a third by my 10…
Closed SPY Hedge for March 2016
I entered a limit order this morning to sell my hedges on SPY and IWM if we saw another price drop over the next two weeks. The S&P 500 was up by more than 20 points at the time and I thought we would have a solid finish to the day. I didn’t intend for…
Rolled SPY and FEZ Naked Puts
I just noticed that I haven’t made a trade in this account in nearly a month, since the June option expiration Friday. I didn’t believe it when I saw it and actually ran another activity download into Quicken to make sure I didn’t miss a trade. I knew I didn’t have much I wanted to…
SPY – 6 Month Chart
The chart below shows the daily prices for the past six months on SPY, an S&P 500 Index ETF, after closing the week at $207.31 on July 2, 2015. The trend line of higher lows that started in February wasn’t the only indicator that came into play this week. The 200-day moving average coincided with the trend line to provide a…