ETF Covered Calls 05-29-2009

Well this is interesting….OIH is approaching $110 and I if you recall, back in January I sold 4 OIHGV (July 09 $110) contracts. If OIH holds, I may end up getting called on OIH and I’ll cash out. I had been hoping for a rally in oil holders during the summer (peak usage) so hopefully I’ll sell 400 OIH @ $110 to revert to $44k in cash. If I don’t get called, it may be very profitable to sell October $110 strikes which are trading at $10 – that would be an additional 4k in profits!

As for the ETF-Cashinator, things are looking like they might be stabilizing once again but we’ve been down this road before too. Things are looking up slightly!

ETF Covered Calls website is for educational and entertainment purposes only. Any investment activity is not without risk including loss of principal. Neither this website nor its authors assume any responsibility arising from the use or misuse of any information presented in this blog. You are urged to contact a financial adviser before making any investment decisions. Past performance is no indication of future performance.


About Investor Host

ETF Covered Calls.
This entry was posted in ETF Cashinator, ETF-Putinator. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *



You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>