I’m starting off the 2010 Stock Picks contest better than I did last year. For pretty much all of last year I was in the bottom two places out of our small group of financial bloggers. This year has started out better as I’m in the top third of the group, but with a lot of time remaining. The…
Tag: UCO
Opened UCO Put Calendar Spread
The stock market can make you laugh at yourself sometimes. UCO is playing its roll as the comedian today. In my post on Monday I mentioned that I was trying to work a calendar spread on UCO. I couldn’t get the limit order I wanted to work for me on a combined order so I broke it down and legged…
Opened Small UCO Position
I thought UCO would dip a little more than it has, but the lower US dollar opened the door for higher oil prices and I decided to take a nibble. I mentioned in my post yesterday that I would probably sell April 11 puts on UCO, but with the move higher for UCO today I…
Rolling Options on INTC Naked Puts
I sold February INTC Puts last month and took a realized gain on the options this afternoon. I considered buying my February puts back and leaving it at that, but decided I could take a little risk on INTC since I think the downside is limited. INTC has been working through a trading range for months…
Options Expiration – February 2010
I let this week slide by without making any real attempt to open any new positions. The only order I entered was for ORCL March options, but left my limit price too high and ORCL only went up which left it outside of my portfolio. While the markets have been moving higher, I’m still cautious about…
This Is What I Own Right Now
I grabbed my list of current holdings as of the markets’ close yesterday, 1/20/10. I haven’t made any new trades today, so this is what’s in my Interactive Brokers account right now. I still have 460 shares of the bond ETF, SHM, at $24.05 I hold in TD Ameritrade too. Underlying Qty Expiration Strike Type Cost if…
January 2010 – Options Expiration (EEM & UCO)
I didn’t have much on my plate for January options expiration, but what I had worked out for me. About a week and half ago I closed my EEM naked put position because I thought EEM was ready to come off its recent highs some. I was right about EEM falling from its level at…
2010 Stock Picks
As a follow up to last year’s contest for the four best stock picks over a full calendar year, I’m honored to join the same group of other financial bloggers in a friendly contest for the top stock picks of 2010. We all agreed to post our four best ETF and/or stocks picks and track them throughout the year with quarterly updates. The difference this year is…
Expect Oil to Stabilize – Added To My UCO Position
I misjudged UCO’s potential decline by $0.35. That’s how much of a loss I would have taken on my UCO December 12 naked puts if I had bought them back today. Instead, I let the options expire in the money which means I’ll be buying 500 shares of UCO on Monday at $12.00 while it finished…