The limit order for my lower MDY naked put that I entered on option expiration Friday hit today. While MDY was trading at $259.76, I bought to close one MDY September $260 naked put for $7.00 and paid $700.24 including $0.24 in commission. This was a straightforward reduction of risk trade. As I mentioned in…
Month: June 2014
Options Expiration – June 2014
I only had one option set to expire today and I decided to buy it back before the shares were assigned. While XLF was trading at $22.83, I bought to close three XLF June $23 naked puts for $0.18 and paid $55.26 including $1.26 in commission. Three months ago I sold these puts in-the-money for $1.00…
Rolled Part of UWM Position
Coming into today, I had options on four different UWM July strikes, three of them short and one long as a hedge. I was long two UWM July $75 puts and still am. I was short two UWM July $70, $71 and $77 puts. I kept the $71 and $77 naked puts, but rolled the…
Closed One, Opened Two Naked Puts
I knew it was time to move my June MDY exposure out to a farther month and as I mentioned in my month end summary a few days ago, I planned to move the strike higher too. By the time I got around to placing the order today, the $250 strikes offered a pitiful return….
End of the Month Summary – May 2014
May surprised me and I ended up with a better gain by month’s end than I expected. At mid-month, I thought we were on pace to see a good correction finally. Luckily, I didn’t panic and instead of dumping options while some of my positions moved in-the-money, I bought hedges on SPY and UWM and…