ETF Covered Calls 11-20-2009

It looks like OIH will NOT be assigned and I still own 400 shares of OIH at $118.  Imagine that, OIH popped all the way up to $130 then back down to $117.  I’m going to sit on OIH for a while and sell calls if it swings above $122 and buy $120 puts if they drop below $0.40 to see how that pans out.

Just ran the ETF-Cashinator and I wish I could tell you that the Cashinator fought the good fight, and the volatility let it be. I wish I could tell you that – but this market is no fairy-tale world. The cashinator never said who did it, but we all knew. Things went on like that for awhile – this market  consists of routine, and then more routine. Every so often, the ETF-Cashinator would show up with fresh bruises. The volatility kept at him – sometimes he was able to fight ‘em off, sometimes not. And that’s how it went for the cashinator – that was its routine. I do believe these last two years have been the worst for it, and I also believe that if things continue on this way, this place would have got the best of the cashinator…but now we only have one more expiry for 2009!

Here’s the google link.

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