Monthly Archives: September 2008

ETF Covered Calls 09-29-2008

Just heard on the late night news that Bush is planning on speaking tomorrow morning at 0700 and that makes me think that the stock market will be closed tomorrow.     We’ll see what happens, I don’t see any point of … Continue reading

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ETF Covered Calls 09-26-2008

With 21 days till October expiry, the market continues to be erratic and that means every ETF has high yielding covered call opportunities. There are five pages of ETF’s listed and like last week, you need to choose your poison … Continue reading

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September 2008 Expiry Update

Here’s an update on my current positions. Arbitrage Account: Own 800 400 XHB @ cost of $22.72 (400 @ $22.72, 400 @ $19.80) : XHB closed at $22.33 (position at -$156.00) : Cash Flow $2,058 Note: 400 shares of XHB … Continue reading

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The 80% Options Rule

Over the past few months, the volatility in the markets has created an interesting opportunity and I’ve been considering adjusting my ETF Covered Call strategy slightly.   As a general rule, I usually hold the options through options expiry and wait … Continue reading

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ETF Covered Calls 09-19-2008

The market isn’t crazy any more, it’s bipolar schizophrenic and deadly. Fortunately, many of my calls got assigned as XHB, SDS and QID are now off my hands and I’m sitting in cash. I’ll post an update this weekend on … Continue reading

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ETF Covered Calls 09-12-08

Another crazy stock market week.   WAMU is on the verge of having it’s stock head to zero.  Lehman is being shopped around so things may get ugly here for a bit.   UYG is still tempting but SKF still shows … Continue reading

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ETF Covered Calls 09-05-08

It’s been a very volatile  week and will likely continue on to next week with what I’m seeing on the ETF-Cashinator.  Here are this weeks ETF-Cashinator picks…         ETF Covered Calls website is for educational and entertainment purposes only. Any investment … Continue reading

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