Sold CAT naked puts

When CAT was trading at 66.01 I sold two CAT Feb 62.50 naked puts (CATNZ) and received $318.50.  I own 100 shares already and was planning to sell naked calls on it on top of the one covered call I already have, but saw the trend line showed it was likely to rise some first.  I still have a limit to sell more calls if/when it ticks north some.

This made me laugh, I received $25 from a MOT dividend yesterday.  That’s on 500 shares.  Not quite making up for my losses there.

I lost $3200+ today.  That’s the biggest one day loss I’ve had in years, I think.  It sucks to be in a new job where I don’t have the opportunity to check things during the day yet.  NVDA, MRO, NYX and DSX were all major contributors to my demise.  NVDA is only down to its previous low from a little while ago.  NYX and MRO always bounce, I just didn’t get out in time.  DSX is ugly, but has good premiums so I expect to be able to sell options enough to work my way back to a profit.

Better days will be back, but still not for a while apparently.