The only option I had expire today was on UUP. My five UUP June $23 long puts expired worthless and I lost my full investment of $141.86. I’m actually out of town today, taking advantage of the strong dollar while I’m in Greece. UUP was trading at $23.26 when I made my trade in late January,…
Tag: UUP
Option Trades on UUP and TLT
The last time I traded UUP I lost almost $279. That was in August 2011 and haven’t thought of the PowerShares DB US Dollar Bullish ETF since then enough to make another trade, until yesterday. I’ve been watching the US dollar lose ground and finally decided I should try to make a profit on it, but…
Cleaning House – DSX and UUP
I’ve been waiting for Mr. Bernanke’s speech tomorrow morning before covering a lot of the stocks and ETFs I was assigned at last week’s option expiration. We could see a “sell on the news” (or lack of news) reaction, but I still want to see what happens before putting a ceiling on my potential profits….
Sold UUP Put Spread
The biggest threat I see to this bull market is a strengthening US dollar. In some ways it’ll be good for us since a stronger dollar will drive down oil prices and slow inflation (in theory). In more direct ways it’ll reduce profits of US companies with a strong overseas presence. It will lower 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…
2010 Stock Picks Contest – Q1 Review
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…
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…