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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 …

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 …

Options expiration was mixed again for me this month.  I only had four options expire today on three underlying stocks/ETFs – UWM, UCO and AFL.  Starting with the good, two of my naked puts expired worthless.  On the other side …

This morning I was looking at my TD Ameritrade (AMTD) account and started thinking that I had some more room to add exposure there since the LEAPS I sold months ago are far from being assigned.  I don’t have a …