ETF Covered Calls » ETF Cashinator

ETF Covered Calls 08-27-2010

RichSlick — Sat, 28 Aug 2010 00:13:17 +0000

I’m waiting for the investigation to begin into these leveraged ETF’s. So much volume so much cash -where is all this money coming from? Who’s behind these trades? In any event the ETF-Cashinator report doesn’t look good. It’s garbage again and I’m holding OIH and cash as my investments at the moment. I expect OIH to pop up above $103 soon and I’ll sell September in the money calls as soon as that happens.

Here’s the Google Link.

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ETF Covered Calls 08-20-2010

RichSlick — Fri, 20 Aug 2010 21:07:21 +0000

It’s options expiry and it looks like OIH closed well below $105 which means I’ll keep the $2k in premiums I sold and I’ll retain ownership of the ETF. So it’s time to crank up the ETF-Cashinator and find out what’s in store for the market. By the way, OIH calls for January 2011 at the $105 strike look fairly profitable and if OIH continues to drop then it may be time to buy a bit more… According to the ETF-Cashinator, we’re entering a scary period again of high xolatility and it’s not a surprise given the ups and downs of the market. My only potential trade on Monday is selling January 2011 $105 strikes for $6.00.

Here’s the GOOGLE Link.

ETF Covered Calls 08-06-2010

RichSlick — Sat, 07 Aug 2010 14:09:28 +0000

The stock market is turning into some weird repository of gamblers and crazy investments. If we were living in 2007, a world relatively free from leveraged ETF’s and other crap, I’d say the market was finally stabilizing and returning to normal. When I run the ETF Cashinator now, all I see is crazy speculation and large inflows/outflows of leveraged ETF’s. I don’t know what to make of it except perhaps to think that there is a fundamental movement OUT of normal equities and into exotic instruments. I’m only investing in OIH at the moment and in cash the rest of the time. Looks like my play on the Gulf recovery was a good move for now.

Here’s the Google Link to the ETF Cashinator Report. It is full of garbage.

ETF Covered Calls 07-31-2010

RichSlick — Sat, 31 Jul 2010 23:06:03 +0000

I’ve been on the road quite considerably so I haven’t been cranking the ETF-Cashinator. I’m also a bit detached from the market with a key position in OIH. With only 20 more days till August expiry, things are looking good on that trade.

Here’s the Google Link.

ETF Covered Calls 07-02-2010

RichSlick — Fri, 02 Jul 2010 22:48:41 +0000

The ETF-Cashinator is suggesting we’re headed into a great deal of xolatility over the next 30 to 60 days and possibly beyond. With only 14 days till options expiry there are plenty of “normal” ETFs displaying high yield on covered calls thus indicating high degree of speculation. I’m still largely in cash so Watch out.

Here’s the google link.

ETF Covered Calls 6-25-2010

RichSlick — Fri, 25 Jun 2010 23:30:11 +0000

I’m beginning a new narrative on what is happening with this market. The leveraged ETF’s seem to be sucking all the money from other ETFs thus lowering the covered call potential on “normal” non-leveraged ETFs. I am in the process or recreating the ETF-Cashinator report to strip out the leveraged ETFs but it’s becoming apparent that there aren’t going to be too many opportunities. I will investigate this further and report in the future but in the meantime, here’s this week’s report.

Here’s the Google Link.

ETF Covered Calls 06-18-2010

RichSlick — Fri, 18 Jun 2010 22:14:44 +0000

I’m going to be removing the 3x leveraged ETF’s from the ETF-Cashinator. There is simply too much clutter in the report and these ETFs are too volatile to successfully write ETF Covered Calls with any way. Today is June expiry and aside from my recent trade on FCG, I’m still sitting mostly in cash. I will await to see what happens next week before I make a move.

Here’s the Google link.

ETF Covered Calls 06-11-2010

RichSlick — Sun, 13 Jun 2010 14:18:56 +0000

Sorry for the late post but I’ve been traveling again. Only 5 days till June expiry and things have calmed down a bit but anything can happen now with this crazy market. Looking at July illustrates the roller coaster ride we’re in for over the next couple of months.

Here’s the Google link.

ETF Covered Calls 06-04-2010

RichSlick — Sat, 05 Jun 2010 16:33:06 +0000

Ugly! Ugly! Ugly! That’s what the ETF-Cashinator is saying about June AND July. The puts look particularly ugly for July so maybe something will happen in July but it’s bad enough now in June. Although May is over, I’m largely sitting in cash buying back calls that I sold high back in January. I’m not sure if I’m willing to invest in this market right now with the global financial economy on the verge of collapsing again. Only time will tell.

Here’s the Google link.

ETF Covered Calls 05-28-2010

RichSlick — Sun, 30 May 2010 19:12:15 +0000

I had been expecting a sell off in May and it’s come but I’m thinking it will now spill over into June based one the ETF-Cashinator reports and other economic news & data but who knows what will happen with this crazy market for sure. I pledged not to trade until May was over but I did close out some of my shorted positions for a hefty profit and that technically counts as a trade. I hope to close out other remaining options positions that have been nearly 100% profitable in SWN, FCG and DDM.

Here’s the Google Link.