My $10000 Dollars

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 [...]

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) What is a “straddle”?   “Straddle” [...]

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. I also think it’s too early to tell whether the rally is over or is going to [...]