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Close to the end of yesterday’s trading session I started to think it was time for me to leg back in on a few trades.  After all, I was only looking for a 5% dip and the SPX made it …

This was another good options expiration for me.  My naked puts expired worthless and my covered calls were assigned.  That’s generally how I like it, finish with a clean slate and start over.  My one MDY March $175 covered call was …

I have a few naked puts expiring worthless tomorrow along with a couple of covered calls that will be assigned. I thought I should start opening new positions today to cut out some work for tomorrow.  I started with UCO …

I was called out of my long running UCO position last week and hesitated to get back in too soon because UCO has weakened recently.  In fact, the ETF has lost more than 10% from its intraday high just two …

If only all options expiration days went this well for me.  This month’s expiring options included a handful of index ETF LEAPS that I sold 10-13 months ago and other random naked puts and covered calls sold over the past …

It’s not that oil looks like it is going to shoot all that much higher from here, but maybe more that I don’t think it’s going to tank to ridiculously low levels.  My current oil exposure is all in UCO …

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 – …

1,220 still seems to be the magic number for the S&P 500′s ($SPX) resistance.  This morning’s start was good enough for me to add some more exposure though.  I started with adding more UCO before lunch.  I am long 300 …

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 …