Category Archives: Power Account Trades

With this faux rally, I couldn’t resist to get back in and load up on FAZ shares again performing a buy-right, in-the-money at the $42 strike for December 2011. I picked up 400 shares at 42 and sold the 42 … Continue reading →

Sorry for the absence but I’ve been on holiday and on business travel.   In the mean time I have been doing a little training.  I purchased GDX at $55 and got called out at $55 for July and made … Continue reading →

For those of you who have read this blog for a while, you know that I’ve been down with SSO (leveraged S&P index ETF) for a while ever since the big market crash in 2008.   Believe it or not, most … Continue reading →

I did a couple of trades early today and just now have the time to blog about it.   I bought 100 shares of FAZ at $9.93 and sold 1 January $10 contract for a cool $0.55 to rake in a … Continue reading →

I purchases 1000 shares of UNG today at $6 and immediately sold the December 18 $6 strikes for about $0.29 to rake in about $280.  It wasn’t a big trade and more of an experiment to see where UNG might … Continue reading →

So OIH had a hard rally today and I took advantage of this opportunity to sell 5 contracts for September $103 calls at $2.40  to rake in about $1200 in cash.   I’m earning about 2% with 17 days left in … Continue reading →

I’ve been on holiday and traveling for the past couple of weeks and a day ago I went ahead and bought 500 shares of OIH at $103 and sold August 18th $105 calls for a cool $4.00 to rake in … Continue reading →

I sold five contracts on FCG for Dec 18 2010 expiry at $18 strike for a cool $1.50 to rake in $735 or 8.33% in about 6 months. Sure beats interest rates at any bank. ETF Covered Calls website is … Continue reading →

I closed out my FCG calls at $0.15 which is a nice profit since I sold them at $1.58 back on Feb 17th.   I anticipate a slight bump up in the price of natural gas and if we get a … Continue reading →

Call it greed or call it savvy investing, I just couldn’t help myself and bought 200 shares of SWN at about $45.00 and sold September $45 strikes for $5.54.  That’s not a typo I sold the calls for $5.54 to … Continue reading →