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 ...

FXI - Close Position

Friday, February 20th, 2009

I had originally sold a Feb $24 strike against FXI, the China ETF, when it was above $27.  It was a small return but in 2 weeks, I didn't think the markets could drop 15+%.  Today, FXI broke below $25 and is currently at $24.70ish.  Zecco has advanced option ordering ...

SSO - Position Update

Friday, February 13th, 2009

This morning I sold part of my etf position in SSO that I had bought at $21 & $22.  I sold the 7 shares I bought yesterday at the day's low around $21.  The market wasn't acting the way I thought it would (rally from the start, it actually looks ...