As expected, stocks rose this morning and then faded. I expected the fade to come later in the day or maybe even tomorrow. When I saw sellers coming in to take over the bulls’ fun, I decided it was time to take some profits and start setting up my end of the year payout. I…
Month: December 2015
Options Expiration – December 2015
Today’s option expiration was easy. It wasn’t fun, but was certainly easy since I didn’t have to do anything outside of see my balance drop again. I thought my SPY covered call might get assigned by the end of the week, but it didn’t. I had one of my clients in the same position and…
Closed TLT December Naked Calls
What’s cool is that the S&P 500 is down 32 points (1.55%) as I write this and my account is up over $1,000 for the day. The limit order I had on my TLT December naked calls hit today. While TLT was trading at $119.97, I bought to close 10 TLT December $126 naked calls…
End of the Month Summary – November 2015
Even with the S&P 500 finishing November almost dead flat, I had another great month. General time decay on my options, especially on TLT, helped my account do so well in addition to small and mid-cap stocks outperforming larger stocks. I’m up over 18% for the year and have to start planning to lighten up…