ETF Covered Calls

Sell in May and go away?   Here are the ETF-Cashinator picks for this week.   Get out there and make some money!

ETF Covered Calls website is for educational and entertainment purposes only. Any investment activity is not without risk including loss of principal. Neither this website nor its authors assume any responsibility arising from the use or misuse of any information presented in this blog. You are urged to contact a financial adviser before making any investment decisions. Past performance is no indication of future performance.

Couple of trades in my arbitrage account today.  Bought 400 DDM @ $74.30 and sold 4 DDMFX  at $1.75 to rake in about $700.  Also bought 400 more XHB at $19.80 and sold 4 contracts XXJFT at $0.75 to rake in about $300.   These two trades represent 2% and 3.8% returns respectively with each having some upside potential of another point or two.

ETF Covered Calls website is for educational and entertainment purposes only. Any investment activity is not without risk including loss of principal. Neither this website nor its authors assume any responsibility arising from the use or misuse of any information presented in this blog. You are urged to contact a financial adviser before making any investment decisions. Past performance is no indication of future performance.

Sorry for the late post but here are this weeks ETF-Cashinator picks…..  
      
Warning!  I just noticed some of the data is bad, please double check some of the entries as I don’t have time to correct the data right now….. 
ETF Covered Calls website is for educational and entertainment purposes only. Any investment activity is not without risk including loss of principal. Neither this website nor its authors assume any responsibility arising from the use or misuse of any information presented in this blog. You are urged to contact a financial adviser before making any investment decisions. Past performance is no indication of future performance. 

© ETFCoveredCalls.com 

I picked up 200 hundred shares of DDM earlier today in my mini-account at $77.80 and sold 2 contracts for June $78 strikes for $2.60 to rake in $530 today! That represents a 3.3% return in under 31 days!

ETF Covered Calls website is for educational and entertainment purposes only. Any investment activity is not without risk including loss of principal. Neither this website nor its authors assume any responsibility arising from the use or misuse of any information presented in this blog. You are urged to contact a financial adviser before making any investment decisions. Past performance is no indication of future performance.

Options Expiry is finally here! Much to report….I closed out my DDM/DDMEZ position yesterday in my mini account and some other activity:

In my arbitrage account, OIHER will definitely be assigned and my OIH shares will be sold at $190. My other positions, XXJEW, will expire worthless and I’ll get to sell more calls for June with XHB.

In my power account, my EEBEA calls will be assigned and my EEB shares will be sold at $53. Most of my accounts will have hefty cash balances and this is the position I like to be in going into the summer. Peak driving season, hurricane season and other world events have me positioned correctly.

It’s time to look forward to June ETF Covered Calls and here are this weeks ETF-Cashinator picks:

ETF Covered Calls website is for educational and entertainment purposes only. Any investment activity is not without risk including loss of principal. Neither this website nor its authors assume any responsibility arising from the use or misuse of any information presented in this blog. You are urged to contact a financial adviser before making any investment decisions. Past performance is no indication of future performance.

I closed my positions in DDM and DDMEZ today. I bought back my DDMEZ options for $1.55 and had previously sold them for $1.90. I sold DDM at $79.12 where I had purchased at $77. Overall I made 3% with the transaction which meets my profit goals. I normally let my options expire or get exercised but I’m expecting DDM to possibly dip low tomorrow/next week and I’ll pick it up again in my Mini-Account when it does…..

ETF Covered Calls website is for educational and entertainment purposes only. Any investment activity is not without risk including loss of principal. Neither this website nor its authors assume any responsibility arising from the use or misuse of any information presented in this blog. You are urged to contact a financial adviser before making any investment decisions. Past performance is no indication of future performance.

Only one more week before May expiry and after May the dog days of summer make the market lazy and shallow but we’ll see how this year turns out.   As a special treat, I’m adding May and June calls to the ETF-Cashinator report this week.

ETF Covered Calls website is for educational and entertainment purposes only. Any investment activity is not without risk including loss of principal. Neither this website nor its authors assume any responsibility arising from the use or misuse of any information presented in this blog. You are urged to contact a financial adviser before making any investment decisions. Past performance is no indication of future performance.

Only 14 days till May expiry.  Here are this weeks opportunities.

ETF Covered Calls website is for educational and entertainment purposes only. Any investment activity is not without risk including loss of principal. Neither this website nor its authors assume any responsibility arising from the use or misuse of any information presented in this blog. You are urged to contact a financial adviser before making any investment decisions. Past performance is no indication of future performance.

I’d been traveling again and I failed to notice that my OIHER call options had undergone a change. I figured I’d write about it since I’ve been asked this question before in the past.

If you read the news, you might have heard that National Oilwell has acquired Grant PrideCo and these two companies were components of the Oil Holders Trust (OIH). I had sold two contracts on OIH for May expiry so now those options have changed from OIHER to OKVER. Essentially what has happened in the transaction was that a dividend was paid out for each 100 shares of OIH so that “excess” money has to be accounted for somewhere in the options record and thus you have the adjustment.

Nothing bad will come of this except it becomes interesting to keep track of the options should you choose to close out your position. Oh yeah, I just raked in another $416.00 with this ETF. For more details, you can read about it here.

ETF Covered Calls website is for educational and entertainment purposes only. Any investment activity is not without risk including loss of principal. Neither this website nor its authors assume any responsibility arising from the use or misuse of any information presented in this blog. You are urged to contact a financial adviser before making any investment decisions. Past performance is no indication of future performance.