When six of my UWM July puts expired (four short, two long) last week, I mentioned my attempt to sell some August $75 naked puts. The order didn’t hit and I didn’t go after it again during yesterday’s dip. Maybe I should have because the small cap index gapped higher today. At the same time,…
Month: July 2014
Options Expiration – July 2014
I’ve been using a steady plan of dumping far out-0f-the-money (OTM) naked puts once they got cheap enough and was planning to stick to that with my July UWM positions. Instead, UWM moved so much higher so quickly, that I didn’t react when the option prices first dropped and then I figured they were so…
Dumped FB for AAPL Naked Puts
It has been more than a year since I made a trade on Apple (AAPL) and that changed today. I was excited when AAPL shares split 7-for-1 early last month because I knew I’d be able to get back in with options without putting up $40-50,000. I didn’t jump on the options last month because…
Sold September XLF Naked Puts
Not quite a month ago, I closed my XLF June $23 naked puts while XLF was trading at $22.83. It was the right trade to make because XLF retreated to $22.47 as recently as late last week. However, the Financial Sector ETF rebounded yesterday and had a follow through day today as JP Morgan and…
S&P 500 Index Chart – 2 1/2 Year, Weekly View
The chart below shows the weekly prices for the past two and a half years on the S&P 500 index ($SPX) after the index closed the week at 1,985.44 on July 3, 2014. By the end of the first week in July, the SPX had moved back near the top of its trading channel marked by…
End of the Month Summary – June 2014
June was another good month for my account as I added to my year-to-date gains and got back above an average of 1.0% per month. I’ve fallen off my trading over the past couple of weeks due to my mother-in-law’s passing preceded by a couple of weeks in the hospital for her. I added a…