I had another profitable options expiration in June. After making trades in each of the past three days, I added one more trade today to replace the only option contract I had not already dealt with earlier in the week. My only two sets of options left to expire today (10 TLT June $128 naked…
Month: June 2015
Sold Calendar Spread to Roll IWM Naked Put
I timed my DIS trade well yesterday since DIS jumped $1.73 today, after I raised my strike $5.00. I wish I had timed my IWM trade that well too. I made the trade today, but would’ve done better yesterday, before IWM gained $1.55. Luckily, IWM continued climbing after my trade, so I didn’t catch the…
Rolled DIS June Naked Put
I missed opportunities through most of last week to roll my DIS naked put while DIS was below my strike, but I figured I’d gain more on the underlying stock’s growth through the intrinsic value than I’d lose in extrinsic value drop of the new option. Based on the way I ended up making the…
Sold TLT July Call Spread
After peaking at the end of May, TLT had been on a steady slide until last week when it finally found some footing and reversed course. I watched during the nearly two-week slide and wished I had sold more naked calls in May, but I kept holding back as I expected at least a little…
Rolled June IWM Naked Put to August
My account is getting to the point where I start to get nervous. I’ve already hit my goal for the year. My balance broke above $110,000 this morning and I’m worried a correction is due. On the other hand, we just saw a slight retracement in the indexes and thanks to my two hedges and…
End of the Month Summary – May 2015
I turned in another good month in May and improved on my lead over all the major indexes for the year-to-date again. NASDAQ is the only major index I’m trailing for the past 12 months. While the S&P 500 gained 1.1% in May, I gained 2.33%. Much of my gain came from my short TLT…