This week CBOE expanded their selection of weekly options from 31 to 35. The symbols added this week (expiring November 5th) are: IBM PCLN RIMM SLV. All these except PCLN (Priceline.com Inc.) have previously been on the list at some point. For more on the CBOE’s weekly options see here, or see my guest post in the August issue of the online …
Update redirected to https://www.sixfigureinvesting.com/2010/04/going-short-on-vix/ I do not recommend XXV. At its current price of around $30/share it does not deliver the sort of performance you would expect an inverse volatility security to deliver. This security can go no higher than $40 per share and can only get there slowly. See this post for more information. If you want to be short volatility use XIV …
Apparently, Vanguard likes to keep their ETF ex-dividend and distribution dates a secret until just a couple days before the event. It has that old mutual fund feel to it—”we’ll give you a quote after-market and allow you to buy or sell our stuff at the end of the day, otherwise go away…” As a result, the dates below are just guesses, based on previous year’s …
If you ever plan to trade more than straight long options you should learn to use combination orders, specifically debit and credit orders. . A combo order allows you to execute multiple trades simultaneously at a single integrated not-to-exceed price. Some examples: Creating a simple covered call position, buying the underlying equity and selling-to-open calls Creating a call bear option spread, selling the lower strike …
I believe that current market rally will continue for a while, however I’m pretty confident that there will be a pretty good correction at the end. Predicting when this will happen in the tough part. Monday I saw the opportunity to play it both ways. I bought SPY at 116.65, sold-to-open S117 calls expiring this Friday at .78, and for every call I …
