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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 …

After yesterday’s resistance held the $SPX  from any gains beyond 1,220 I thought I should remove some downside risk just in case we trade back to the low end of this two month trading range again.  If we …

I expected the S&P 500 to hold support above 1,100 and when it tripped lower at the end of the day yesterday I decided to cut more exposure this morning.  I started off with my biggest risk, VXX.  The VIX …

September is a fairly light month for me on the options expiration front.  I only have three options expiring – two puts and one covered call.

SSO – September $45 Naked Put – I sold this put in late January when …

It’s not time to panic yet, but I thought it wise to take some future profits in early and sold covered calls to do it.  That’s how I see covered calls – they are basically an advance on future profits …

Not that it’s a surprise to anyone, but this is not a good options expiration Friday for my account.  All of my naked puts finished in the money and all of my covered calls finished out of the money.

These are …

I must have been feeling a little giddy after charting the Dow Jones yesterday and thought it could be wise to get into the market early to ride the wave back to …

While the markets were on a steady slide lower since the beginning of May I let my overall equity exposure slip away some.  This was nice on the way down, but with what I see as limited downside remaining I’ve …

June wasn’t the prettiest options expiration I’ve had.  My covered calls expired out of the money leaving me farther below my purchase price for the shares and my puts expired in the money.  That’s basically the opposite of how I …