It’s funny how things work sometimes. A few days ago when I sold new EEM naked puts I commented that I was eyeing QLD naked puts too, but decided not to chase the 2x QQQQ ETF. I thought it better to leave my limit order in and see if QLD dipped into it later. Well, QLD took off…
Author: Alex Fotopoulos
Dow Jones Chart – October 23, 2009
I charted the Dow Jones Industrial Average (aka DJIA or $DJI) after the markets closed on Friday October 23, 2009 when the Dow finished the week at 9,972.18.
Sold EEM November 40 Naked Puts
I’m not trying to fight the tape any more. I’ve learned from my mistake of holding back while the charts weren’t saying to give up yet. I was too bearish for too long and now I’m just along for the ride again. I came back to the iShares MSCI Emerging Markets Index ETF (EEM) today and while I…
Sold SSO November 36 Naked Puts
I’m working to get a larger part of my account invested after all of my October options expired worthless last week. One of the easiest ways I find to do that is the double the S&P 500 ETF, SSO. I started pricing in my order before the markets opened today. I figured I should aim…
Sold FWLT November 32 Naked Puts
I was able to slip another trade in on Foster Wheeler AG (NASDAQ: FWLT) while it was down this morning. I didn’t get in at the low, but did get in before its second run higher showed up. After my two FWLT naked puts finished out of the money at the end of October expiry I…
Options Expiration – October 2009
I had a good month to be short options. Every one of my short positions closed out of the money leaving me with a full profit on each one. I could’ve written higher strikes and made more money, but opted to go with out of the money naked puts for all of these except for EEM,…
I Passed the Series 65 Exam Today!
I scored 86% and only needed 68.5% to pass. Thanks for all of the good luck wishes over the past week. I’ll write up a full summary of yesterday’s options expiration later and doubt I’ll get an index chart posted this weekend. I just wanted to get the good news out there. I feel brain dead…
Staying Quiet This Week
I’m trying not to spend a lot of time on my account or blog this week. I have my Series 65 exam scheduled for Saturday morning and am spending as much time as possible repeating the practice exams while work and home life permit for the rest of the week. The timing might be good since my S&P…
S&P 500 Chart – Strong Week Ended at Resistance
This week showed us that during a rally what goes down must come up with very little delay. If you didn’t add to your account when the markets had their dip you missed your chance a few hours later and each day this week reminded you of it with the S&P 500 ($SPX) finishing up 4.5%…