selling naked puts and writing covered calls stock options blog
Written on Nov, 26, 2014 by in , | Leave a comment

I made a mistake by not jumping back into a new Boeing (BA) naked put when my November put expired last week.  The stock moved up another $2.00+ this week and when it dipped this morning, I decided to go ahead and pull the trigger.  While BA was trading at $134.76, I sold one BA February $135 naked put for …

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Written on Nov, 21, 2014 by in , | Leave a comment

I only had one option for today’s expiration and it wasn’t even close.  BA made it over $133 today and only eased off a little in the afternoon.  Still, my BA November $125 naked put wasn’t anywhere close to being assigned.  I’ll take a full profit of $339.20 and will regret not rolling it higher earlier.  At least I didn’t panic …

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Written on Nov, 13, 2014 by in , | 2 Comments.

A few days ago, I entered a limit order to close my DIS put that I sold near the bottom of the stock’s recent correction.  Within the first two minutes of trading today, my order hit and while DIS was trading at $90.34, I bought to close my one DIS December $82.50 put for $0.30 and paid $30.53 including commission. …

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Written on Oct, 29, 2014 by in , | Comments Off

As I mentioned in my update yesterday, I was under-invested and felt the need to add some more risk and upside potential to my account.  My small and mid-cap allocation in ETFs takes up roughly 27% and 24% of my account respectfully.  I have no large-cap or international ETFs in my account, but I have some large individual stocks to balance …

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Written on Oct, 28, 2014 by in | Comments Off

Disney ($DIS) is almost back up to my entry point at $90 and I decided to go ahead and plan my exit.  While DIS was trading at $89.16, I sold one DIS December $92.50 covered call for $1.01 and received $100.51 after paying $0.49 in commission.  If DIS breaks high above $93.50, I might second-guess my decision.  I decided to …

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Written on Oct, 24, 2014 by in , | 4 Comments.

This was a good week in general for my account.  Everything I owned improved, except for my BA put, but I’m not worried about it long-term.  Yahoo jumped high enough to make my November options extremely cheap, so I decided to close them today.  While YHOO was trading at $43.01, I bought to close three YHOO November $37 naked puts …

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Written on Oct, 16, 2014 by in , | Comments Off

TLT started to dip into negative territory this morning after running as high as $124.13 at the open (and $127.68 at yesterday’s open).  Like any rally in stocks lately, any weakness in bonds tends to be met with a reversal before long.  I took this opportunity to cut my losses this morning and closed my weekly TLT put spread.  While TLT …

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