I posted a new video this afternoon on how to use my naked puts spreadsheet. This spreadsheet compares naked put option choices. My videos will show this spreadsheet whenever I write naked puts and figured it made sense to get this explanation out there before I start posting actual trade videos. Hopefully, I’ll get my first…
Month: January 2017
What is an Option?
I posted my first YouTube video this morning. You can view it below or directly on my new YouTube channel. It’s not really catered to regular My Trader’s Journal readers since you all know these basic points, but I figured I should start with a high-level overview of options trading and single contract puts and…
Options Expiration – January 2017
I had no options expire on Friday, but did find the time to open my new account with Interactive Brokers on Friday so I can get back to regular trading with a full balance again. I mailed my check for the new account in Friday afternoon’s mail, so it should get to IB by tomorrow…
Sold DIS Covered Call for February
Disney ($DIS) is the only stock I have in my account right now and have been trying to decide if I should exit with a loss or hold on for a gain. I chose the latter and plan to make this work through a covered call. While DIS was trading at $109.30, I sold one…
Dow Jones Chart – January 6, 2017
The chart below shows the daily prices for the past three months on the Dow Jones Industrial Average (aka $DJIA, $INDU, $DJI) after the index closed for the week at 19,963.80 on Friday, January 6, 2017. The Dow has gained almost 9% since the election as animal spirits took over trader sentiment for a month and…
End of the Year Summary – 2016
December was another strong month for me in a year that ended with a loss in my account. The way I traded TLT (without hedges) forced me to take losses when the market temporarily dipped even though my longer-term outlook was correct. The old Keynes adage fits in here (paraphrased) that the market can stay wrong…