The Money Tree

Safely Generating Income in Retirement

Archive for September, 2009

Rollout on UNG

Posted by mounddweller on September 17, 2009

Guys,

First my apologies for not having much to say lately.  With the market up so much I haven’t been trading any CC/NPs.  I’m still waiting on that long overdue pullback.

However, with expiration coming up tomorrow I did go ahead and rollout my NP position in UNG another month.  Specifically I bought back the SEP $13 puts for $1.25 and sold the OCT $13 puts for $1.75.   This generates a 3.85% ROIC.  This is my 3rd month of rolling out for a net credit.   Below is a listing of my transaction history for this trade.  Note, my net cost is now down to $10.93.

UNG - Transaction History

Regards,

Troy

PS.  I’ll be running my VISIONS screen and will post anything that catches my eye.

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Posted in Portfolio Updates | Tagged: , , | 4 Comments »

What Others are Trading – September 2009

Posted by mounddweller on September 2, 2009

OK guys, here’s the new thread to let everyone know what you’re trading this month.  Don’t be bashful now, speak right up.  Volatility has returned to the market.  That spells opportunity for option sellers like ourselves.  What looks good to you?

Posted in Your Picks | 8 Comments »