Category Archives: Power Account Trades

I just sold four contracts on OIH for $5.10 to rake in about $2000 in cold hard cash.   This will amount to a 4.26% return in under 31 days if assigned using $119.52 as my cost basis.  Note:  I’ve already … Continue reading →

With natural gas prices continuing to be depressed and likely to go down a bit more I decided to buy into some natural gas producers long and sell short using FCG so I purchased 500 shares slightly below $18 and … Continue reading →

Back in December I sold 4 OIHBD (February $120 strikes) for $5.67 and today I closed that position at $1.39 to keep about $4.28 in profits.   If you keep an eye on OIH, it bounces up and down like a … Continue reading →

Earlier today I purchased 400 shares of OIH at $119.50 and sold 4 February $120 strikes at $5.67.  If called I’ll make about $2,500 in total and if not, it’ll be about $2268 in profit and I’ll hold the shares … Continue reading →

I sold off my 400 shares of OIH  today at about $120 so I’m back in cash mostly in my Power Account.   I can’t explain it but I got a bit spooked with some international news and I’ve just heard … Continue reading →

Earlier today I purchased 50 contracts on UUPCY (March 2010 $24 strikes) @ $1350.00. UUP is the US Dollar Index ETF.  It seems everyone and their dog is bashing the USD and most countries around the world can no longer … Continue reading →

I wanted to wait until the end of October before considering some action and since it’s November I decided to dip my toe in the water.  I bought 400 shares of OIH at $118.32  this morning and sold 4 OIHKD … Continue reading →

I sold 4 contracts on OIHIV (September $110 strike) today when OIH popped up.   I sold it for about $4.35 and made a little over $1700 for the month for about a 3.95% return.   Not bad but if OIH remains … Continue reading →

Hope!  I sold 4 OIHGV contracts for $4.63 to rake in about $1,840 today in my power account.   This represents a 4% return over a 6 month window since OIHGV is July 09 $110 strike.   Given the state of the … Continue reading →

Sell High, Buy Back Low!   I just bought back my 4 contracts of OIHJV for $0.75 after selling them last Thursday for $6.40.  The net profit is $5.65 x 400 = $2,260.00.   The November $110 strikes are selling … Continue reading →