Wednesday, May 15, 2013

calendar spread

So my puts all worked out last month.  Wahoo!

This time around, I tried a "calender-spread" on more puts.

I SOLD both May AND June $15 BB (Blackberry) puts.

The May is almost due to expire and BB has been jumping between $15 and $16+ in the past few weeks.

The June is still languishing only slightly below my entry price (I'm up), and the May is moving LOTS, but seeing as it's expiring this Friday, I suspect it will be done like dinner.

 I'll keep you posted once they expire!

I've been playing some resource stocks (mid-cap oil producers) with mixed results so I'm thinking of blowing them all off and just writing puts. 

I seem to do much better with just the puts.