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November 21, 2011

Shifting Risk with MVV, SSO and TBT + A Trading Model Change

Filed under: Finance,Stock Picks - 21 Nov 2011

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 …

October 13, 2011

Took Some SSO Risk Off

Filed under: Finance,Stock Picks - 13 Oct 2011

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 …

October 4, 2011

Cutting Downside Risk, Again

Filed under: Finance,Stock Picks - 04 Oct 2011

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 16, 2011

Options Expiration – September 2011

Filed under: Account Summary,Finance,Stock Picks - 16 Sep 2011

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 …

September 12, 2011

Sold Covered Calls on UCO and SSO

Filed under: Finance,Stock Picks - 12 Sep 2011

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 …

August 19, 2011

Options Expiration – August 2011

Filed under: Account Summary,Finance,Stock Picks - 19 Aug 2011

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 …

August 1, 2011

Sold New SSO Naked Put Too Early

Filed under: Finance,Stock Picks - 01 Aug 2011

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 …

June 29, 2011

Added More Large Cap Exposure

Filed under: Finance,Stock Picks - 29 Jun 2011

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 17, 2011

Options Expiration – June 2011

Filed under: Account Summary,Finance,Stock Picks - 17 Jun 2011

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 …

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