I started this year completely different than last year. I was under invested coming into January in 2012. This year, I came in with some margin risk at play. I worked it right this time. Stocks have had a nice run up and I’m profiting from it, so far. I had already cleaned up a…
Tag: VNQ
Profit Taking Tuesday
My new favorite type of order is a trailing stop. I only used it on one of my orders that hit today, but maybe I should’ve used it on all four since prices improved somewhat after my trade. A trailing stop works the same on option contracts as it does for a stock or ETF….
Options Expiration – November 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 – 3 November 26 naked puts – Finished out of the money by a long…
More Option Premiums for Me – Yippee!
Once again the S&P 500 ($SPX) closed in on 1,220 and then hit resistance, although I did see a print at 1,221 before it dropped again. The range has been tight today, which is nice after such volatility recently and also nice because it’s dropping the price of VXX and my VXX naked call. Once…
Options Expiration – September 2011
September is a fairly light month for me on the options expiration front. I only have three options expiring – two puts and one covered call. SSO – September $45 Naked Put – I sold this put in late January when SSO was trading at $49.78. This morning while it was trading at $43.94 I…
Sold VNQ Naked Put
I exited my last VNQ position in February when my covered calls expired and I sold my shares at the $55 strike. I waited a little while to make sure the wash rule passed and then kind of forgot about getting back in. I started watching the REIT again about a week ago when it…
Options Expiration – February 2011
Today ended up being an easy options expiration for my taxable portfolio. I only had three separate options expire today on VXX, VNQ and BA. This is how they each played out along with my next steps: One VXX February 22 covered call – This worked like clockwork. I’m long 200 shares, long two June…
Updating Trading Model
I’m tweaking my trading model a little bit for 2011 and started the shift today. I’ll be rolling this into my account gradually over the next few weeks (maybe longer). The short version is that instead of selling options only one to two months out I’m going to create a base of diversified index LEAPS (Long-Term…
Options Expiration – December 2010
I had a mixed options expiration for December with two of my options expiring while the underlying stock was trading above the strike and the other two finished below the strike. Here are the details: MDY December 145 naked put – This one finished far out of the money and allowed me to let it…