Much like the way I ran my portfolio for most of 2014, I’m finishing the year without owning any stocks or ETFs. I’m short eight different puts and have a vertical spread using two different calls. I came into the year without wanting to own many stocks so I could avoid the paperwork hassle of…
Month: December 2014
Options Expiration – December 2014
What a difference a week can make! Coming into this week, I had one option remaining to expire in December. My lone MDY $265 put was deep in the money as MDY closed last Friday at$255.71. I would’ve had a loss on the option contact if I had bought it back at the time. I…
Sold February TLT Call Spread
I’ve been waiting for TLT to pass the $127 mark and today it reached $127.72. I wanted the 20-year Treasury ETF to be well into the upper half of the $120s before I made this trade. I started trading vertical call spreads on TLT more than 2 1/2 years ago and have learned to be…
Sold FB February Naked Put
In July, just before Facebook (FB) took another large step higher, I decided to cut my risk with the social media company and moved back to Apple (AAPL). My AAPL trade worked for me, but I could’ve stuck with FB and made money also. FB fell off my radar for a little while as I…
End of the Month Summary – November 2014
November felt like it went by in a blink of an eye. At least I made money as the month flew by. Once again, I finished the month at a new monthly closing high and had decent realized gains. I limited the churn in my account by avoiding the weekly options on TLT and had…