Mortgage and Real Estate Blog
Time to take some profit off the table - It is time to cover the SPY puts – I will do this today after we watch the market a bit. I know with this much selling pressure we could end up going lower, but I am more than satisfied with the current profit on the SPY 22MAY10 119 puts; besides today is the day they expire and I do not want to own them as a short. I’m also going to cover the Gold (GLD) puts and look to buy June calls at this level. I see major support for GLD just … [Read more...]
Although it may seem like I am stuck on two trades - Gold (symbol: GLD) and SPY (symbol SPY) I do see a lot of potential - I will look to add to my GLD puts and possible SPY Puts. Keep in mind I am still bullish on Gold, it just feels like we are going to get a pull back...I'm looking at buying an additional 10 22MAY10 120 GLD Puts. I will have a total of 30 puts. As usual I will buy 10 GLD calls to protect my investment. SPY I would like to see if we get any bounce - I already … [Read more...]
Looking at the S&P today for a possible short…I like to trade the S&P using the futures symbol SPY. I also like to use Puts for this type of trade as you can limit your downside in a market that can have wide swings. For this particular trade I am going to buy the 22MAY10 119 put options…looking to buy them near 2.10-2.20 each; if you look at the chart I have noted what I believe is a key resistance level. I would not want to be short the market on a close above this … [Read more...]
Gold (symbol: GLD) seems to be continuing its move upward. Although there is certainly room for retracement, I am going to continue to purchase GLD. Over the past month I have been buying the April and May GLD 113 Gold calls and at the same time taking a defensive or protective positions in GLD puts. As of today I have 10 GLD 22MAY10 113 calls at a cost of 3.14439 each. To protect my position I have 10 22MAY 114 Puts and 10 22MAY10 118 Puts - the cost of the puts is essentially … [Read more...]
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Are you showing pictures of property for sale on your site that seem to just lay there? Does your site have the look and feel of just about every other real estate site on the market? Have you dreamed … [Read More...]
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I will admit it, I am a Mac fan. I own a Mac computer (two actually--a desktop and a laptop), and I have an iPhone (which I can honestly say revolutionized my productivity...really). So, when a few of … [More]
Whether it’s an up market or a down market, the basics are still the same. To be a successful Realtor, you need a few simple tools. While these are all pieces of the overall theme known as good … [More]
I recently took a poll and asked people whether or not they thought mortgage rates will stay low, and here are the results: Yes No Not Sure Yes, I know you wanted "the" answer, the fact … [More]
Yesterday HUD Commissioner Stevens announced changes to the costs associated with obtaining an FHA loan that will affect all new case numbers initiated September 7th and beyond. The are some good news … [More]
Ethics is defined as “a system of moral principles.” It is perhaps one of the most important qualities of any professional to have strong ethics, as one cannot succeed without them. The field of … [More]
