Update: Schwab has added weekly and quarterly option support to all of their trading platforms. See here for more information. Schwab has provided a peek under the tree for the account holders they think have been good: Stocking stuffers (not available until January): A 35% discount for TurboTax. In your Schwab account online look for “Tools and Calculators” under “Guidance”, then look for “File with …
Bought XXV (inverse VXX) at 32.11, put a 2% trailing stop in place. USO weekly options are back—at least for next week, expiring December 10th.
I’ve been watching Citigroup’s new CVOL volatility ETN (a souped up competitor to Barclays’ VXX) since it started trading November 15th. Tracking its actual performance has been difficult because it is very lightly traded. Charts for example are useless. Normally I use Yahoo’s Finance historical quotes feature as a very convenient way to get open /high / low / close data that I can export …
I created a bear spread on IEF, using a $0.50 credit combo order to sell Dec 98 calls and buy Dec 101 calls. The order filled at 0.57 and 0.07 respectively. The straight market quote at the time for the spread was $0.40 (0.50 bid on the 98s and 0.1 ask on the 101s).
Options on the “new” GM are now available. Created a bear spread, selling Dec 34’s at 0.75 and buying Dec 36s at 0.20 for a net credit of 0.55. GM is currently at 33.60.
