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
Posts Tagged ‘UCO’
Stock Investments :Sold UCO January Naked Puts
Posted 28 Nov 2011 — by admin
Category Stock Investment
Category Stock Investment
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 :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 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
Stock Market Investment :UCO Chart + New Option Strangle Details
Posted 04 Jul 2011 — by admin
Category Stock Investment
Category Stock Investment
I almost made this trade yesterday while I was thinking of it, but luckily I chose to wait a day and was able to get in with a slightly better premium on the put. I don’t think the call lost as much since it is farther out of the money. I entered this trade as [...] Read More
Stocks Investments :Closed UCO Covered Call
Posted 04 Jul 2011 — by admin
Category Stock Investment
Category Stock Investment
As I mentioned when I sold this covered call I wasn’t really convinced it was the right order to place. I cut off my upside potential too low and had seller’s remorse right away. I almost bought it back a couple of times over the past few days, but kept thinking we’d Read More
Stock Investment :Sold June UCO Naked Put
Posted 23 Apr 2011 — by admin
Category Stock Investment
Category Stock Investment
After delaying far too long, I finally got back into UCO this morning. If you recall my statement on Monday, I said I had planned to get in to UCO then, but decided to wait and might regret not getting in while I had a chance. That was more than .50 ago per UCO share. [...] Read More
Stock Market Investment :Options Expiration – April 2011
Posted 23 Apr 2011 — by admin
Category Stock Investment
Category Stock Investment
I had short options on four different stocks/ETFs that expired today. All were profitable and I plan to work with all of them again for either May or June expiration options. My only April option that wasn’t profitable was QCOM and it was assigned a couple of days ago and Read More
Stock Investment :Revisting Old Friends – UCO, JPM, VXX
Posted 23 Feb 2011 — by admin
Category Stock Investment
Category Stock Investment
I’ll admit I was kind of happy to see the futures down this morning when I turned on CNBC. I knew that meant I could get into some positions at better option prices than if I had sold the options last week. Then I saw oil was up pretty big on the Libya news and [...] Read More
Stock Investments :Closed Part of UCO Position
Posted 25 Dec 2010 — by admin
Category Stock Investment
Category Stock Investment
A few days ago I entered a limit order to close my UCO January naked puts and free up some potential margin. The bid/ask was $description.05/0.15, so I went in at the low end and placed my order to buy my 10 puts for a nickel each. Yesterday afternoon, after I left the house [...] Read More