Archive for: June 2014

June 24, 2014

Cut Some MDY Risk

Filed under: Finance,Stock Picks - 24 Jun 2014

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 …

June 20, 2014

Options Expiration – June 2014

Filed under: Finance,Stock Picks - 20 Jun 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 …

June 12, 2014

Rolled Part of UWM Position

Filed under: Finance,Stock Picks - 12 Jun 2014

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, …

June 6, 2014

Closed One, Opened Two Naked Puts

Filed under: Finance,Stock Picks - 06 Jun 2014

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 …

June 2, 2014

End of the Month Summary – May 2014

Filed under: Account Summary,Finance,Indices - 02 Jun 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 …