Archive for March, 2009

Emerging Markets ETF (EEM) - Position Update

Thursday, March 12th, 2009

Just like I did for the SSO, I sold my calls for my EEM position when the S&P was around 741. Purchased: 100 @ 27.10 Initial Option Income: $1.08 Mar $24 Option Income: $0.34 Other Option Income: $0.60 Expected Return: -5.71% (-20.95%) Last Period Expected Return: -3.17% (-17.58% annually) Option periods held:3 * All return after buy and ...

Ultra S&P ETF (SSO) - Position Update

Thursday, March 12th, 2009

Like I said I was going to do a few days ago, I sold my remaining calls when the S&P got to 741.  Seeing that the market ran another percent and a half, I may have to roll these positions.  Hopefully the market will take next week off and not ...

Alcoa (AA) - Position Update

Tuesday, March 10th, 2009

Into today's strength, I took the opportunity to roll my position forward even though it had little to no chance of being called away in 10 days.  I rolled it for 2 reasons.  This market is going up today based on "strong" financial news.  Citigroup said they were profitable for ...

Un-Hedging

Monday, March 2nd, 2009

Today I sold my lone hedge, a March $80 SPY put.  That is a bet that the S&P ETF, SPY, will be below $80 on March 20th.  I sold it today when the market was making its first attempt below 710.  I purchased the single contract on Jan 21st for ...