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January 24, 2012

Sold March UCO Naked Puts

Filed under: Finance,Stock Picks - 24 Jan 2012

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 …

January 20, 2012

Options Expiration – January 2012

Filed under: Finance,Stock Picks - 20 Jan 2012

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 …

November 22, 2011

Sold UCO January Naked Puts

Filed under: Finance,Stock Picks - 22 Nov 2011

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 …

November 18, 2011

Options Expiration – November 2011

Filed under: Finance,Stock Picks - 18 Nov 2011

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 – …

October 12, 2011

Market Goes Up – Time to Buy and Sell Options

Filed under: Finance,Stock Picks - 12 Oct 2011

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 …

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 …

July 15, 2011

Options Expiration – July 2011

Filed under: Finance,Stock Picks - 15 Jul 2011

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 …

July 13, 2011

Added January UCO Naked Put

Filed under: Finance,Stock Picks - 13 Jul 2011

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 …

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