What a mess! The ETF-Cashinator is showing trash for August and September covered call options (and beyond) so we’re back to square one. My OIH seems to have dipped way below $110 and my options will likely expire next week. I still have hopes for a rally during hurricane season to cash out. Things aren’t looking good from the ETF-Cashinator standpoint.
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 like writing covered calls on my ETFs, but you gotta watch out for the ETFs using leverage.
http://hubpages.com/hub/BewareLeveragedETFsToxicAssets
Leveraged ETFs have their place, you need to use them wisely.
I wrote an article about leveraged ETF’s which demonstrates how the decay in a flat market. If you’d like to read it check it out on my blog at: http://optionmaestro.blogspot.com/2009/07/double-and-triple-leveraged-etfs.html