I was planning to ride my VXX naked call all of the way to expiration and then sell covered puts on it for as long as I could ride it. Once I saw $SPX hit resistance around its 200 day moving average I started wondering if my downside risk was greater than my upside potential [...] Read More
Posts Tagged ‘Stock Picks’
Stock Market Investment :Sold DIA Naked Put
Posted 11 Dec 2011 — by admin
Category Stock Investment
Category Stock Investment
Yesterday I mentioned my plans to come in on either direction the jobs data pointed us. Although the details within the jobs data were mixed, the headline number helped push the scrum to the bulls’ side to start the day. Seeing the ECB showing more teeth in their snarl helped Read More
Stocks Investments :Closed TWM Naked Puts
Posted 11 Dec 2011 — by admin
Category Stock Investment
Category Stock Investment
Yesterday I mentioned that I might have to close these puts early if small caps continued to rise. This morning in my month end summary I referenced the move again when I said I need to be better about closing positions early when I have a good profit. Soon after I wrote that I decided [...] Read More
Stocks Investments :Sold DDM Naked Put
Posted 11 Dec 2011 — by admin
Category Stock Investment
Category Stock Investment
Like most bullish investors, I woke up to see some exciting futures this morning only to see them improve even more with each piece of data and news story that hit the wires. I was considering opening more exposure on Monday (and obviously should’ve), but the opening pop was Read More
Stock Investments :Sold UCO January Naked Puts
Posted 28 Nov 2011 — by admin
Category Stock Investment
Category Stock Investment
It’s not that oil looks like it is going to shoot all that much higher from here, but maybe more that I don’t think it’s going to tank to ridiculously low levels. My current oil exposure is all in UCO and includes 300 shares long, plus a December 32 naked put and three January 40 [...] Read More
Stock Investment :Shifting Risk with MVV, SSO and TBT + A Trading Model Change
Posted 28 Nov 2011 — by admin
Category Stock Investment
Category Stock Investment
As I mentioned last week with my TWM trade and in my $SPX chart on Sunday, I’ve grown more bearish lately and I made some more changes today. I started with a basic sell to lighten my overall exposure to the markets. I sold 200 shares of SSO for .88 and received ,375.01 Read More
Stock Investments :Options Expiration – November 2011
Posted 28 Nov 2011 — by admin
Category Stock Investment
Category Stock Investment
Options expiration finished pretty good for me on a few positions, but really bad on a couple of others that wiped out my gains on the good ones and then some. This is how it shook out this month: UCO – 3 November 26 naked puts – Finished out of the money by a long [...] Read More
Stock Investment :Sold TWM Naked Puts
Posted 28 Nov 2011 — by admin
Category Stock Investment
Category Stock Investment
This is a trade I’ve been working for the past couple of options expiration cycles in my IRA successfully and in my taxable account once (ending in a profit in October). I have seven naked puts in and out of the money on TWM’s inverse brother, UWM. I see a draw Read More
Stock Investment :Market Goes Up – Time to Buy and Sell Options
Posted 13 Oct 2011 — by admin
Category Stock Investment
Category Stock Investment
1,220 still seems to be the magic number for the S&P 500′s ($SPX) resistance. This morning’s start was good enough for me to add some more exposure though. I started with adding more UCO before lunch. I am long 300 shares already with a three covered calls at Read More
Stocks Investment :Sold New AFL Naked Puts
Posted 13 Oct 2011 — by admin
Category Stock Investment
Category Stock Investment
AFLAC, Inc ($AFL) has been on a nice run since it bottomed out recently. Sadly, not far from the bottom I sold covered calls at the strike for November only to see AFL run up past and send these covered calls in the money. I thought about buying them back, but decided to [...] Read More