Options on Alibaba (BABA) started trading today and I decided to jump in while the volatility was still high and the option premiums are rich. While BABA was trading at $89.04, I sold one BABA November $80 naked put for $1.76 and received $175.21 after paying $0.79 in commission. I should’ve made my trade earlier in…
Month: September 2014
Rolled September MDY Naked Put
Only about 22 minutes of open trading time passed between when I wrote that I had an order in place to roll my MDY put from September to December to when my order hit. The time span happened to carry from the market close yesterday to today and I’m glad I got the order in…
Closed Some September Naked Puts
While FEZ was trading at $40.92, I bought to close my two FEZ September $40 naked puts for $0.10 each and paid $21.58 including $1.58 in commission. I entered this order late last week and it hit in the first three minutes of trading today. The same contract ended up trading as high as $0.20…
Sold BA November Naked Put
Sometimes, I make good trades and sometimes I make bad trades. I rarely know which it’ll be within the first week after the trade. I made a new trade today that I’ll be wondering about for weeks to come, but I think I made the right decision. While BA was trading at $126.82, I sold one…
End of the Month Summary – August 2014
August was a good month for me. I started to write that it was “fantastic” since I hit a new monthly closing high for 2014 in this account, but then I just noticed how much better the broader indexes did. It highlights how much I’m underinvested and could take more risks. Then again, just because I…