ETF Covered Calls

There was little activity in my mini and arbitrage accounts and the bulk of the transactions were in the Power Account but overall I made about 17% given my weak constitution for the roller coaster market in 2009.   While no doubt some one will point out that the market is up 60% from the March all time low, I have serious doubts that anyone went “all in” in March of 2009 and loaded up on stocks.  Sure a few people kept buying and averaged their way higher but I still think I did pretty good considering the circumstances.

Also, I’m still negative on a few positions but I’m still generating cash flow and that’s the important thing.   We’ll see what 2010 holds in store for all of us this year.   You can review my 2009 transaction below:

Power Account Transactions 2009

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 seem to be having some data feed problems so there will  be no  post today.  Sorry but this is the first time in a few years since I’ve been doing this that I’ve had data feed problems.  I did obtain the data but I can’t validate the accuracy at this point.  Unfortunately, I am too busy over the next week to fix the problem(s) so it may be a while before I’m back online.

I am sitting primarily in cash now since I’ve liquidated the 400 shares of OIH near $120.  OIH closed at $114 so I’m happy with that deal.

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’ve been running the ETF-Cashinator every day this week and it’s not pretty.  With 9 days to go before November options expiry, the calls and puts premiums are crazy.   The ETF-Cashinator cranked out almost every ETF as having high call premiums.   It’s going to be a rough nine days from here on out.   The market may rally but I’m expecting it to fall off the cliff.    The only glimmer here is I’m deep in DUG and that has been rallying while the market is dropping.    Good luck.

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.

I’ve been keeping an eye on DUG this week and the option premiums are crazy.  Warning:  This stock has been swinging wildly $8 to $12+ more daily and is highly correlated to the price of oil.   With OPEC meeting later this week it’s anyone’s guess what will happen with this ETF.    When oil goes up, DUG goes DOWN and when oil goes down, DUG goes up.   The in-the-money options are trading at $7 which is a 15% return in under 5 weeks till November expiry.    I’m tempted to purchase 700 shares and sell the calls to rake in $4900 but I’ll wait until OPEC meets or I have more information on where oil is heading.

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.