Covered Options Writing Gone Awry, Maybe
Some days everything goes perfectly. Other days, not so much. A week or so ago I bought a few shares of RSW – Rydex Inverse 2X S&P ETF, on the expectation of further weakness. I think the market...
View ArticleCovered Call Options Writing Strategy: An Update
As I have discussed before, covered option call writing involves selling call options against stocks you own. A call option gives the owner the right to purchase a stock for a set price, before a set...
View ArticleHow to Juice Your Returns on a Stock you are Selling, and a Lesson for Bernanke
Let’s start with my favorite quote of the week: Bernanke Puzzled by Gold Rally. Huh? This is the guy who is going to save the financial world, and he is puzzled by the rally in gold? “I don’t fully...
View ArticleThe Stupidest, and Luckiest Man Alive – The Silver Wheaton Story
Yes, it’s true: I am the stupidest, and luckiest, person in the world. Here’s the story: As regular readers will know, I will occasionally do a covered write on stocks I own to lock in gains. For those...
View ArticleOutsmarting Myself on Covered Call Option Writing
Last week I asked the question: Nice Bounce for Gold – Did I Cover Too Soon? Apparently, in hindsight, the answer is yes, I covered too soon, sort of. Here’s the story: On April 20 I bought 500 shares...
View ArticleGold Rocking, But I’m Covering
It would appear that, if you are an investor in gold or gold stocks, September is off to a roaring good start. All is good. On Friday gold closed up over 2%, closing at $1,737.60, a multi-month high....
View ArticleToo Aggressive on the Covered Call Writing Strategy?
Last week, in my post describing the price action in gold as like trying to push a balloon under water, I explained my covered call writing strategy. Simply put, I sell calls on stocks I own. A call...
View ArticleWhat I Said Last Week, That’s What I Did
Last week I asked the question: Agnico Eagle Mines Ltd. Blasts Higher – A Sign of the Future for Gold Stocks? The answer, apparently, is “no”. As documented last week, AEM.TO – Agnico-Eagle Mines Ltd....
View ArticleSadly, The Plan Worked
NOTE: It appears there was a technical glitch, so if you missed last weeks’ very short commentary, you can read my thoughts on Twitter. Two weeks ago, in my post titled What I Said Last Week, That’s...
View ArticleA Bad Week For Gold (Unless you are a Buyer)
From a peak at over $1,390 just over a week ago to a low of around $1,321 on Thursday March 20, before recovering to close the week at $1,334.50, gold has had a bumpy, mostly downward, ride in the...
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