ETF Covered Calls 10-12-2007

The ETF-Cashinator hasn’t let me down yet in 18 months of using it so we’ll see how we navigate these treacherous market waters over the next 30 days. I’ll probably sit in cash until after the Fed meeting then pounce on the ETF-Cashinator picks.

My arbitrage account ETF got called/assigned and I’ll make an extra $120 on top of the $1200 I made earlier when selling the 9 contracts. My Mini-Fund account ETF options surprisingly didn’t get called because UNG fell below $40 although it closed higher than I bought it ($39.25) at $39.75 so it’ll be profitable if I decide to sell on Monday. I might sell more calls for November or January. Either way, I’ve banked the $650 in profits.
Here are the picks as of close of business 10/12/2007.

2007-1019_1.png 2007_1019puts.png

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ETF Covered Calls.
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