SPY weeklies | Six Figure Investing

Recap on SPY weeklies —and some observations

July 30, 2010 by

After creating a position with SPY on Wednesday at 111.07 I added to my covered calls on Thursday, buying SPY at 110.12, selling 110 strike calls at 0.71. At one point this morning (Friday) , when SPY was off to about 109.5 my 111 strike calls had dropped from Wednesday’s 0.83 to 0.08. These strong moves are characteristic of options with only a …

More SPY weeklies while Schwab plays catch-up

February 3, 2011July 28, 2010 by

Update 3-Feb-2011: Schwab recently added weekly and quarterly option support to all their trading platforms. See here for more information. Update: In March 2011 Schwab plans to introduce StreetSmart Edge™, their new flagship trading platform. Among other things this platform will include, “Major options trading improvements, including the ability to trade weekly and quarterly options.” When SPY dropped to 111 this morning I started …