Financial ETF Types:
XLF -Financial Select Sector SPDR
This is your very basic Financial ETFs long (bullish). It tracks some of the major financial stocks such as Goldman Sachs (GS) and Morgan Stanley (MS). This is by far the least volatile financial ETF out of the others I use (outside of the normal volatility we see in the financial stocks today, of course). It also retains the value well in a long period of time. If you want to buy and hold financial firms for the long hawl, go with this.
Pros: Basic way to play the financial index; low volatility; good time value
Cons: Not as volatile if you like volatility and big gains
YTD Performance: -24.84%
2Leonardo Fibonacci, a famous mathematician, discovered a relationship now known as “Fibonacci” numbers. It’s a sequence of numbers in which each successive number is the sum of the two previous numbers:
My POT put option expired worthless today. A loss of -$1250. Oh well. But you know what, I don’t care because I made some good plays in the last two days that helped me recover any recent losses and much more. I planned, waited patiently in cash and stuck to plan, executed, and now I’ve rewarded nicely…at least so far.
What: E-minis are futures contract tied to the major US stock indexes like S&P 500, Dow Jones, and Russell 2000. These can be traded 24/7 around the clock and the contract expires quarterly.
Today I closed my long position on UCO. If you recall, this was a complete accident but I ended up benefiting from it since UCO gained pretty significantly in the last two days. I still have my POT (put option) which will probably expire worthless even though POT price is lower than when I bought it. This is solely because of time decay and option expiration. Continue reading
I messed up big time Friday. I decided to take advantage of the anticipated volatility caused by the outcome of Sunday’s OPEC meeting. Expecting that oil will swing either up or down significantly after the announcement, I decided to play “Straddle” using UCO (an Oil ETF I’ve explained before) Continue reading
Sold both Citi and SKF put option today. SKF reached my target of $160. My put price went from $25 to $50. AWESOME gain for me. Continue reading
I made no move today even though I was almost ready to sell SKF. It didn’t quite reach the $160 target I have. Plus options are always more complicated than selling stocks since it involves spreads and volatility. Continue reading
It FINALLY f’in came. The rally. I’ve been waiting for a long ass time for this type of reversal since the market has been slowly crashing for quite some time. Hell my cash was depleting so much, I almost had to ask my gf for money. Good thing I have my sugar mama 😉 Continue reading
I’ve been taking a break from blogging for quite some time…I know. Work has just been super crazy. One thing I’ve learned so far is that corporations know how to slave your ass! Believe it or not, I’ve had many weeks working 60-70hrs! And I thought Dreyer’s just make ice cream… Continue reading