selling naked puts and writing covered calls stock options blog
Written on Jun, 18, 2015 by in , | Leave a comment

I timed my DIS trade well yesterday since DIS jumped $1.73 today, after I raised my strike $5.00.  I wish I had timed my IWM trade that well too.  I made the trade today, but would’ve done better yesterday, before IWM gained $1.55.  Luckily, IWM continued climbing after my trade, so I didn’t catch the exact peak.  My new IWM …

Continue Reading...
Written on Jun, 17, 2015 by in , | Leave a comment

I missed opportunities through most of last week to roll my DIS naked put while DIS was below my strike, but I figured I’d gain more on the underlying stock’s growth through the intrinsic value than I’d lose in extrinsic value drop of the new option.  Based on the way I ended up making the trade, I think I would’ve …

Continue Reading...
Written on Jun, 16, 2015 by in , | Leave a comment

After peaking at the end of May, TLT had been on a steady slide until last week when it finally found some footing and reversed course.  I watched during the nearly two-week slide and wished I had sold more naked calls in May, but I kept holding back as I expected at least a little rebound to break it up …

Continue Reading...
Written on Jun, 11, 2015 by in , | Leave a comment

My account is getting to the point where I start to get nervous.  I’ve already hit my goal for the year.  My balance broke above $110,000 this morning and I’m worried a correction is due.  On the other hand, we just saw a slight retracement in the indexes and thanks to my two hedges and the rest of my out …

Continue Reading...
Written on May, 08, 2015 by in , | Comments Off on Sold TLT Naked Calls Again

When TLT started its steep decline last week I started to get comfortable with the idea that my short position would finally be closed at next week’s May option expiration.  I’m short 700 shares of TLT and have covered puts at the May $128 strike and naked puts at the May $134 strike.  While it’s possible for TLT to rally $1 a …

Continue Reading...