I had a good year financially considering the distractions I had. We all had to deal with COVID, even if we didn’t catch it ourselves. I also had my ex-wife with Alzheimer’s living with me until a few weeks ago, had my fourth back surgery, my dad had cancer (successful) surgery, and my son is…
Options Expiration – December 2021
The only option I had set to expire this week was my QQQ covered call. On Wednesday, when QQQ saw a $14 price swing intraday, I decided to get out of the option early. While QQQ was trading at $389.80, I bought to close my one QQQ December $385 covered call for $7.21 and paid…
Options Expiration – November 2022
My two November options expired worthless today giving me a full profit on the trades. My TLT November $140 covered put was trading was more than $8 out of the money and my ABNB was almost $47 out of the money. ABNB was down roughly $7.50 today and I was still that far out of…
End of the Month Summary – October 2021
October was another decent month for my account, but I missed out on taking advantage of the sell off as much I would’ve liked to. I’ll get another chance of course. I’ve left a lot of money on the table this year, but that’s how I needed to manage my account based on other potential…
Sold QQQ Covered Call
On Friday, I thought QQQ’s resistance at its 50-day moving average might last more than one afternoon, so I entered a limit order to sell a covered call. Not being overly confident in that line of resistance, I used a strike fairly far out of the money. While QQQ was trading at $369.78, on its…
Sold ABNB and TLT Puts
I’ve been waiting for a good opportunity to sell a put to cover my short TLT shares and the recent dip I decided I should go ahead and take some more profit before it bounced again. While TLT was trading at $143.77, I sold one TLT November $140 covered put for $1.5 and received $149.38…
End of the Month Summary – September 2021
I remained on the sidelines most of September. I made a couple of tiny trades on options expiration day that I didn’t even post about because I was just messing around with what I thought were some mispriced options set to expire five hours later. I sold an IWM $220 naked put for $0.22 and…
End of the Month Summary – August 2021
Sticking with last month’s theme, I’ll keep this relatively short because my right hand is still not anywhere close to 100% and I need to focus on my clients’ accounts over updating my blog. As luck would have it, I had no realized gains in August, so that makes this summary much easier. I ended…
Covered TLT and QQQ Options
After saying in my update a week and a half ago that I thought I’d sell a covered call on my QQQ shares and a covered put on my TLT short shares fairly soon, I finally got around to making both trades today. TLT is off its highs and might have a decent amount more…