If you haven’t been keeping up, almost every other story that comes out of Bloomberg or some other finance news agency has a quip about US Dollar bashing and whenever everyone moves to the left side of the ship, I like to move to the right side of the ship knowing that people will have…
Category: Money Trades
It May Be Time To Buy The USD
Wow, I was taking a look at the March 2010 call options for UUP (USD bullish) and I was amazed to see 155,000+ contracts interest at the $24 strike level.  The December 2009 $23 call options are trading 176,000+ contract interest and that’s just AMAZING! I am seriously tempted at buying 50 or so contracts…
Raked in $3,000 in Past 9 Days
This market volatility is great for my ETF Covered Call strategy as it’s been extremely profitable to buy long and simultaneously sell short. I’ve made $3,000 these past few days and with the market gyrations, it’s been exceptionally profitable to buy back those contracts on the cheap when the market turns the opposite direction. I…
See Brandon, I Told You OIH Would Drop
This post is dedicated to Brandon, my favorite antagonist commenter.  A couple of months ago in this post, I outlined my investment strategy to help bring focus to how it works and why it works, at least for me.   It’s all about exit strategy and I exited OIH a while back when the ETF rallied…
Anatomy of an ETF Covered Call – OIH
OIH is on fire! A while ago, Mrs. Micah asked, “Do You Have an Investing Exit Strategy” and I couldn’t help but associate that question with my ETF Covered Calls investing strategy. Let’s review a specific journey on a specific investment I recently made. In December of 2007, I bought 200 shares of OIH at…
Raked in $500 – Slow Week
The week before options expiry usually yields lower returns but $500 is $500 right? This brings my return for April up to about $2000 for the month. Not too shabby for clicking a mouse but I’m still desperate for a phone that can handle true HTTPS/SSL requests so I can click my phone to make…
Raked in $1500 This Week
Not a bad week as I raked in $1500 this week. My OIH had been a dry well for a few months but it looks like it’s on its way to recovery as energy demand is red hot! I sold 2 May contracts to rake in $1100 in my arbitrage account. In my mini account,…
Index Funds on Steroids with a Little HGH, Raked in $2700
Steroids and HGH aren’t just for baseball players, these handy little boosters will work wonders for your investment portfolio.  I’ve hinted in the past about a new mathematical model for the ETF-Cashinator that factors in leveraged index funds with covered call writing to boost returns to superior levels and as always, I put my money…
Raked in $900 Today, Maybe $1700 Next Week
I promised an anonymous poster that I’d do a write up on my ETF Covered Call strategy do explain it in detail but I’ve been too busy. I don’t like writing about “theoretical” returns which is why I put this blog where my money is and write about my transactions almost as soon as they…
Raked in $1900 Today, Dow Down 246 Points
I couldn’t resist the profit mistress as her sultry allure seduced me back into this market by snapping up 700 shares of EEB and 1000 shares of SDS and selling near the money calls for a quick $1900. What this mistress doesn’t know is that I like to play both sides against each other 😉…