3 results for tag: SPDR


XLB #2

Last time, we looked at our actual trades for XLB. On April 10, we opened the position by selling three 47 puts (expiring in 7days) for about 51 cents each. As we have discussed, they expired and we kept all the money. There were some other trades, too. On April 11, we sold one 46 put for 45 cents, taking in about $45. Again, this contract expired at the end of last week, and we kept the $45. Another great result. On April 15, we sold three 46.5 puts, expiring 2 days out, for an average price of 39 cents. We took in about $120, and again, they expired at the end of last week. We kept the money! Also on April 15, we sold two May 46 puts for 97.5 ...

XLB #1

It's time to update the XLB trade once again. To summarize, we are in this trade because the charts tell us that is where we should be. Here at Deep Pocket Options, we like to use ETF's for many reasons: They are made up of a basket of stocks in one "sector", and sectors tend to trend very strongly over extended time frames, we don't have the risk of owning single companies (ANY company can have news that causes violent moves in the stock's price), the SPDR ETF's are very heavily traded along with their options in volume, etc. We have discussed the reasons in previous blog posts so if you are interested, please look them up. As I wrote last week, the ...

Options Portfolios

As an individual full time trader, I find that I am able to manage around 30 different symbols at one time, and this is probably a few too many. There is no doubt that I miss opportunities because I don't have the time to look at every angle for every option. It's probably better to manage a smaller number of positions and feel that you have done everything possible so that you do not leave any money on the table. I don't recommend that you try to get anywhere close to this number of open positions. Take one symbol and try to become an expert in that symbol. If you can't make consistent money trading one symbol, why trade 2 or more? You'll just ...