Yesterday I mentioned that I had thought of closing my long put on SSO. Today I got around to pulling the trigger. I didn’t catch the absolute bottom, but that’s what really got me watching. Every time I entered a price alert I’d see the markets continuing to slide by the time I checked what…
Tag: SSO
Added Another SSO Short Put
After I bought a March SSO put earlier this week the market turned to let me know my timing was less than ideal. I could’ve bought the put at half the price the following day, but decided to stay long with the idea that it’ll continue to add some protection to my other long positions…
Bought a Put & Sold a Put
I’ve been getting more nervous about the chances of a bigger correction lately and after the close yesterday I started thinking that I should buy some puts on SSO, MVV and UWM. I was looking at near term, out of the money puts and figured I could spend $300 and set up to make some…
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…
Added Exposure on the Dip – SSO & EEM
I’ve been waiting for a good solid down day in the markets to add some extra exposure and used today’s dip to increase my holdings some. While I’m still underinvested overall, my use of some ultra ETFs makes up the difference for the most part in setting me up for a rest of the year…
Sold New SSO LEAPS Far OTM
Although I’m starting to get the feeling that we might be at the cusp of a new downturn I decided not to wait and added a little more exposure in my TD Ameritrade (AMTD) account that’s supposed to be dedicated to bonds. While SSO was trading at $49.20 I sold two SSO January 2012 $40 naked…
Sold SSO LEAPS, In-The-Money
I got a renewed bullish outlook after hearing Jamie Dimon’s bullish comments last night on top of seeing the successful debt offerings from Greece and Italy (yesterday) and then from Germany and Portugal (today). I haven’t even bothered to close any of my short options expiring at the end of next week that are far out of the…
2010 Stock Picks Contest – Final Review
In 2010’s contest with other bloggers for the four top stock picks I had a simple goal – I wanted to improve on my rank from 2009. That was a fairly low bar to pass since I was second from the bottom last year. I kept it fairly simple in 2010 and went with two ETFs I…
Sold SSO June 2011 Naked Put
As I mentioned a couple of days ago I’m off on a new adventure in rotating my account to longer term options (LEAPS). Technically LEAPS are defined as having a longer duration than nine months, so this trade today was just a basic option, but nearly six months out. While SSO was trading at $47.89 I…