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…
Tag: VXX
Current Portfolio – February 11, 2011
I’ve intentionally not traded this week. Since I’ve been selling so many longer term options lately I thought I should take a step back, let the dust settle and see how (a little) time affects my current portfolio. With volatility currently so low compared to the past couple of years the option selling trades aren’t…
Sold New Covered Call on VXX
After buying puts and selling covered calls on my VXX shares a couple months ago I put the position out of my focus and worked on other bullish plays. Once VXX dropped a little further I should’ve jumped back in with new calls at a lower strike, but kept dreaming that VXX would recover or flatten…
Added VXX Collar and Rolled ITRI Calls
I’ve been trying to decide what to do with my VXX position for weeks, if not months. Finally this weekend I figured out a plan that limited my downside and left a good bit of upside potential. I started off by looking at the cost of just buying puts for protection and then saw that…
Options Expiration – November 2010
I had a good options expiration this November as most of my positions went my way. Here’s the breakdown of how everything finished for me. SPY – 112 Straddle (sold 1 put and 1 call at 112) – My put finished well out of the money and which means my covered call was deep in the…
Options Expiration – October 2010
I only have a few options expiring today with mixed results. The rest of my portfolio is weighted to November’s expiration. If nothing drastic happens in the next few trading days, I’ll start working towards building up my options for December’s expiration and move deeper into potential margin, all the while hoping that any correction is…
3 Positions Updates – UCO, CVS, VXX
I spent yesterday watching to see how the market would behave this week after such a good run already in the books. I made no trades in my taxable account until today when I decided to make a few adjustments. I started with UCO. My long term position still has a paper profit for me…
Bought BND and Charted VXX
I mentioned in my end of the month summary this week that I sent in another $2,000 to my TD Ameritrade account where I hold my long bond positions. Although I sent the funds in nearly a month ago I just had it sitting there in cash. I was waiting on a dip in bonds and…
Sold More VXX Naked Puts
The premiums on VXX are just hard to resist, so I didn’t. I like VXX as an indirect hedge for most of my other long positions and think even on a lull in volatility the premiums are still worth selling out of the money. While VXX was trading at $22.32 this morning (above its low) I sold three…