Today’s option expiration finished somewhat differently than I thought it was going to as of a week ago. Here’s the breakdown of how it went down:
VXX, two August 24 Puts – I’ll be assigned 200 shares of VXX on Monday morning. Instead of trying to roll Read More
I have AVAV covered calls expiring tomorrow and it looks like I’ll be holding onto my shares, i.e. the options are out of the money by more than 6% with one day to go. I’ve been debating what I should do; exit my position now or hold on for one more round of covered calls. [...] Read More
Last week I mentioned that I took an option assignment on my JP Morgan (JPM) naked put. I sat on the shares for a little while trying to decide how to make my next move. I thought JPM might have some more upside, which it has since I was forced into buying the shares, but was [...] Read More
This is an interesting trade to me because it’s a derivative on a derivative. VXX is the iPath S&P 500 VIX Short-Term Futures ETN. In other words it’s an “ETF-like product” that tracks the VIX, although not at a beta of one. The VXX is less volatile Read More
We’re half way through the 2010 Stock Picks contest that we started based on closing prices at the end of 2009. The rules of the contest are simple. We pick four stocks or ETFs and hold them for the full year. Dividends are included in the overall gain/loss percentages. Read More
I tried to sell my AVAV shares on Monday, but it didn’t make it high enough to hit my limit order so today I changed my plan. I decided to keep the shares and sell covered calls instead. While AVAV was trading at .75 my order finally hit and I sold two AVAV August 25 covered [...] Read More
When I sold EEM covered calls yesterday I mentioned that I was nervous about its prospects, but would consider adding new naked puts if/when it dipped to the .50 area where I thought it would find support. I entered a limit order about 35-40 cents above the bid/ask and let it Read More
I mentioned earlier today that I had some more stocks I was eyeing for new naked puts. NDAQ was one of those. My last option strangle on NDAQ ended with my shares getting called away at .00. I took a loss on the shares and had to stay out of it for a month so [...] Read More
As I mentioned a few days ago in my May options expiration post that I planned to sell covered calls on a couple of stocks that were assigned to me. I started with SPY and targeted an options strangle (sell a put and sell a call at different strikes on the same underlying stock) and my [...] Read More
What started just a couple of weeks ago as an easy ride into expiration turned around on me very quickly, especially in the last few days before today’s relief. I’m still not sure what to think with where the markets are heading over the next week/month and so I started Read More
I charted the Dow Jones Industrial Average (DJIA, $INDU, $DJI) after the index closed for the month on 7/30/10 at 10,465.94. // The ...
July was a very good month for me, as I’m sure it was for all investors who were long stocks. ...
I charted the S&P 500 ($SPX) after the markets closed on Friday, 8/6/10, when it finished the week at 1,121.64. // A ...
I charted the Dow Jones Industrial Average (DJIA, $INDU, $DJI) after the index closed on Friday, August 13, 2010, at ...
I haven’t made a trade yet in August. That’ll change this week with options expiration upon us as I adjust my ...
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