http://www.etfcoveredcalls.com Dedicated to searching for optimum returns on Exchange Traded Funds via Covered Calls Thu, 20 Nov 2008 16:29:48 +0000 http://backend.userland.com/rss092 en I sold 600 DUG @ $44.84 to essentially break even on all my DUG transactions.   I had made about $4,200 in options profits and I took about a $4,200 loss on DUG so I've broken even.   I'm actually pulling 40k out of the market as I have ZERO confidence in ... http://www.etfcoveredcalls.com/2008/11/20/trade-sell-dug/ There are three years of history on this blog to look back to get a small historical perspective.   I'm going to link to the equivalent weeks for November 2006 and November 2007 so you can understand what I'm talking about when I say there is way too much volatility.   ... http://www.etfcoveredcalls.com/2008/11/14/etf-covered-calls-11-14-2008/ 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 ... http://www.etfcoveredcalls.com/2008/11/12/market-update/ Two weeks left till November expiry and the ETF-Cashinator still shows a great deal of possible volatility.  There is major hedge funds redemptions on the 15th of November so we'll see what the week brings;  I'm looking for opportunities to sell DUG or OIH calls for November expiry at a ... http://www.etfcoveredcalls.com/2008/11/07/etf-covered-calls-11-07-2008/ November expiry is 21 days away and if you think this week's rally means it is an uphill climb from here you might want to think again... The ETF-Cashinator kicked out over 10 pages of ETF's with extreme premiums.  The ETF-Putinator kicked out more than the usual opportunities with very ... http://www.etfcoveredcalls.com/2008/10/31/etf-covered-calls-10-31-2008/ I just bought back my DUGKY contracts that I sold a few days ago for $9.00 at $2.00 so I'll keep a full $7.00 x 600 = $4,200 in profits and be clear of any options obligations.    I didn't get the full 80% but it was close enough!  I was ... http://www.etfcoveredcalls.com/2008/10/31/trade-buy-to-close-dugky/ I picked up 600 shares of DUG @ $51.80 in my Arbitrage account and sold 6 November $51 contracts @ $9.00 to rake in about $5,400. This will be an 18% return if I'm NOT called and 17% return if I am called. I sold in-the-money because ... http://www.etfcoveredcalls.com/2008/10/27/trade-buywrite-dugdugky/ Another bloody week in the stock market.   The next 8 stock market days will be remembered forever from my perspective but we'll need to wait and see what happens.   The ETF-Cashinator cranked out a ton of investment ideas and I'm only going to list the top 6 pages. ... http://www.etfcoveredcalls.com/2008/10/24/etf-covered-calls-10-24-2008/ I picked up 200 shares of UYG in my mini account for $7.95 and sold 2 contracts for November $8 strikes @ $1.40 to rake in about 18% ($260) today.    I think UYG may drop further but I'm comfortable holding it from here but who knows, maybe all these banks ... http://www.etfcoveredcalls.com/2008/10/24/trade-buywrite-uyguufkh/ 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 ... http://www.etfcoveredcalls.com/2008/10/23/dug-options-crazy/