selling naked puts and writing covered calls stock options blog
Written on Apr, 01, 2015 by in | Leave a comment

March was an up and down month for my account, but I still had less volatility than the major indexes and finished up for the month while most indexes lost ground.  I started to hedge late in the month and hope to see the benefits of the hedge later in the year.  My TLT short position lost money on the …

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Written on Mar, 27, 2015 by in , | Leave a comment

I’ve been working on hedging one of my client’s accounts this week with various option combinations.  After the market closed yesterday, I realized the IWM trade I made for him could be a good trade for me too.  I finally found time this afternoon to focus on my account and made the following trades. While IWM was trading at $122.78, …

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Written on Mar, 20, 2015 by in , | 2 Comments.

I only had two options left by today’s expiration and both expired worthless.  My one MDY March $165 naked put was nearly $15 out of the money by today’s close.  Knowing that it had a very small chance of being assigned, I sold a new MDY put to replace it a couple of days ago at a strike $10 higher.  I …

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Written on Mar, 19, 2015 by in , | Leave a comment

I cancelled my limit order to roll my MDY March $165 naked put before the Fed’s announcement yesterday afternoon.  I decided I would try to wait for an opportunity on an MDY dip post announcement to sell a new MDY put and possibly let the March put run until expiration for the last two and a half days of the …

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Written on Mar, 06, 2015 by in , | Leave a comment

In my month end summary that I wrote a few days ago, I said that I was going to go shopping soon for some new trades.  The one hole in my broad allocation was in international stocks, so I entered a limit order on FEZ for two naked puts.  While FEZ was trading at $38.45 this morning, I sold two …

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Written on Feb, 27, 2015 by in | Comments Off

I had a busy day yesterday and took some time after the market closed to rethink some of my positions and planned next moves.  I stuck with my idea to give it a couple of days before adding more exposure after my flurry of trades yesterday, but came back to another idea I had been debating on TLT.  I was …

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Written on Feb, 26, 2015 by in , | Comments Off

It’s always an interesting day when we see stocks and bonds both moving lower.  The day started off pretty boring.  Not a lot was moving and so I placed some orders and went out to run some errands.  When I got back, not much had changed, but within a couple of minutes, my orders started to hit as stocks slid. …

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Written on Feb, 24, 2015 by in , | Comments Off

BABA was one of the trades I try not to make, but talk myself into every few years.  It sounded hot and promising, but was overvalued.  It might have a fantastic future, but it still has too much unknown about it for now.  After it was accused of selling counterfeit goods through its network of sites, the stock suffered as …

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