ETF Covered Calls 08-20-2010

It’s options expiry and it looks like OIH closed well below $105 which means I’ll keep the $2k in premiums I sold and I’ll retain ownership of the ETF.  So it’s time to crank up the ETF-Cashinator and find out what’s in store for the market.  By the way, OIH calls for January 2011 at the $105 strike look fairly profitable and if OIH continues to drop then it may be time to buy a bit more… According to the ETF-Cashinator, we’re entering a scary period again of high xolatility and it’s not a surprise given the ups and downs of the market.   My only potential trade on Monday is selling January 2011 $105 strikes for $6.00.

Here’s the GOOGLE Link.

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