This is my list of what’s in my account right now. I only have four options left that are expiring this week and one of those is a covered call. The call is going to be assigned which means I’ll be selling my AVAV shares finally instead of rolling them again. This will end the series of trades with a profit. Two of the three puts will be assigned and I plan to sell covered calls at a minimum. I might sell a new leg of a naked put on them too.
I haven’t sold any new puts this week although I had planned to. With the markets acting somewhat iffy I wanted to see some better direction one way or the other before adding to my exposure. I’m not overcommitted by too much yet and have more than a 10% cushion on a lot of my January calls so I don’t feel I have a lot at risk for now. I’ve already started entering limit orders to close some of these January options if they drop a little more in the near term. I’m trying to hold out for the February options to post on a few more stocks and ETFs before I sell any more this week too since I have so much loaded up for January expiration already. I know I’ll be selling a SPY put next week after the wash rule passes and I can take my loss for tax purposes from last month.
Short positions:
- -1 MDY Dec17’10 145 PUT
- -2 AVAV Dec17’10 22.5 CALLS
- -2 VNQ Dec17’10 56 PUTS
- -1 BA Dec17’10 67.5 PUT
- -10 UCO Jan21’11 10 PUTS
- -10 UCO Jan21’11 10 CALLS
- -1 MDY Jan21’11 160 PUT
- -1 MS Jan21’11 24 PUT
- -1 MS Jan21’11 27.5 CALL
- -3 CVS Jan21’11 31 CALLS
- -1 JPM Jan21’11 39 PUT
- -1 JPM Jan21’11 39 CALL
- -1 EEM Jan21’11 43 PUT
- -1 VWO Jan21’11 46 PUT
- -1 AFL Jan21’11 50 PUT
- -1 CSX Jan21’11 57.5 PUT
- -1 IWM Jan21’11 76 PUT
- 2 VXX Jun17’11 50 PUTS
- -2 VXX Jun17’11 70 CALLS
Long positions:
- 2 VXX Jun17’11 50 PUTS
- 1000 UCO shares
- 200 VXX shares
- 200 AVAV shares
- 300 CVS shares
- 100 JPM shares
- 100 MS shares
- 500 SNRV shares