Exciting! Exciting! Exciting! I now hold 1000 shares of FAZ at various price points and a couple of other ETFs and have raked in almost $5000 so far in a few weeks! Here’s a quick snapshot:
Ticker Shares Entry Expiry Cash Received
FAZ 100 40 Jan 21, 2011 650
FAZ 400 42 Dec 17, 2011 1540
XME 200 50 Dec 17, 2011 476
XOP 200 52 Dec 17, 2011 454
FAZ 100 39 Jan 21, 2011 655
FAZ 200 42 Dec 9, 2011 516
FAZ 200 40 Dec 17, 2011 543
I ran the ETF-Cashinator and January continues to look absolutely horrid. A big move is coming in January and my bias is to the downside hence my positions. The premiums for FAZ January at-the-money strikes are so juicy I can’t help myself since they yield nearly 17%!
Here’s the link to ETF Covered Calls.
Here’s the link to ETF Naked Puts.
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.
