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
Posts Tagged ‘Stock Picks’
Stock Investments :Options Expiration – November 2011
Posted 28 Nov 2011 — by admin
Category Stock Investment
Category Stock Investment
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
Stocks Investments :Cutting Downside Risk, Again
Posted 13 Oct 2011 — by admin
Category Stock Investment
Category Stock Investment
I expected the S&P 500 to hold support above 1,100 and when it tripped lower at the end of the day yesterday I decided to cut more exposure this morning. I started off with my biggest risk, VXX. The VIX could easily ease off from these levels, but with the insanity going on this week [...] Read More
Stock Market Investment :2011 Stock Picks Contest – Q3 Update
Posted 13 Oct 2011 — by admin
Category Stock Investment
Category Stock Investment
At least I started the stock picking contest near the top and isn’t that what matters? No? My high hopes have been dashed with the demise of my picks in the third quarter. I’ve slipped in the ranks to the bottom third and still hold out hope that my ridiculously Read More
Stocks Investment :Sold DSX Covered Calls
Posted 13 Oct 2011 — by admin
Category Stock Investment
Category Stock Investment
My DSX position was turning into a waste of capital for a little while, but I finally broke from my “wait and see” attitude and sold covered calls. I only have a little over ,000 invested in DSX (after deducting premiums received, but still that’s no reason not Read More
Stocks Investment :Sold Options on QCOM and BA
Posted 03 Sep 2011 — by admin
Category Stock Investment
Category Stock Investment
After taking option assignments on a few positions at August’s option expiration I’ve stayed long with no covered calls on any of my newly acquired stocks. That changed today. QCOM is getting close to my purchase price and while I still think it has room to climb from Read More
Stocks Investment :Cleaning House – DSX and UUP
Posted 03 Sep 2011 — by admin
Category Stock Investment
Category Stock Investment
I’ve been waiting for Mr. Bernanke’s speech tomorrow morning before covering a lot of the stocks and ETFs I was assigned at last week’s option expiration. We could see a “sell on the news” (or lack of news) reaction, but I still want to see what happens Read More
Stocks Investments :Options Expiration – August 2011
Posted 03 Sep 2011 — by admin
Category Stock Investment
Category Stock Investment
Not that it’s a surprise to anyone, but this is not a good options expiration Friday for my account. All of my naked puts finished in the money and all of my covered calls finished out of the money. These are the 11 options I was short going into the day. CSX – 1 August [...] Read More