I’ve been working on hedging one of my client’s accounts this week with various option combinations. After the market closed yesterday, I realized the IWM trade I made for him could be a good trade for me too. I finally found time this afternoon to focus on my account and made the following trades. While…
Month: March 2015
Options Expiration – March 2015
I only had two options left by today’s expiration and both expired worthless. My one MDY March $165 naked put was nearly $15 out of the money by today’s close. Knowing that it had a very small chance of being assigned, I sold a new MDY put to replace it a couple of days ago at…
Updates on MDY, TLT and UWM Short Options
I cancelled my limit order to roll my MDY March $165 naked put before the Fed’s announcement yesterday afternoon. I decided I would try to wait for an opportunity on an MDY dip post announcement to sell a new MDY put and possibly let the March put run until expiration for the last two and…
Sold FEZ Naked Puts for May
In my month end summary that I wrote a few days ago, I said that I was going to go shopping soon for some new trades. The one hole in my broad allocation was in international stocks, so I entered a limit order on FEZ for two naked puts. While FEZ was trading at $38.45…
End of the Month Summary – February 2015
February was a really good month for me, as it was for most investors. After the first couple of months of 2015, my returns are essentially in line with the large cap and small cap indexes and more than made up for the paper losses from January. I stopped my bleeding BABA position and I’m still…