selling naked puts and writing covered calls stock options blog
Written on Jul, 16, 2015 by in , | Leave a comment

I just noticed that I haven’t made a trade in this account in nearly a month, since the June option expiration Friday.  I didn’t believe it when I saw it and actually ran another activity download into Quicken to make sure I didn’t miss a trade.  I knew I didn’t have much I wanted to update coming into the month, …

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Written on Jul, 03, 2015 by in , , | Comments Off on SPY – 6 Month Chart

The chart below shows the daily prices for the past six months on SPY, an S&P 500 Index ETF, after closing the week at $207.31 on July 2, 2015. SPY has traded in a fairly narrow ascending trading channel for the past five months.  The range of the channel narrowed even more over the last three months, until last week when the large-cap ETF dropped to …

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Written on Jun, 18, 2015 by in , | Comments Off on Sold Calendar Spread to Roll IWM Naked Put

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 …

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Written on Jun, 17, 2015 by in , | Comments Off on Rolled DIS June Naked Put

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 …

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Written on Jun, 16, 2015 by in , | Comments Off on Sold TLT July Call Spread

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 …

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Written on Jun, 11, 2015 by in , | Comments Off on Rolled June IWM Naked Put to August

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 …

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