Options Expiration – May 2017

My single expiring option for May finished in the money, so I decided to roll it out to July before taking the assignment.

While IWM was trading at $136.43, I bought to close one IWM May $138 naked put and sold one IWM July $138 naked put and received $283.60 after paying $2.20 in commission for the two legs of the calendar spread. IWM ended up closing at $136.00 on the day and which meant I did a little better than I would’ve if I had waited until the very last second of the trading day.

I posted my video of the trade here:

« « Sold ADI Naked Put - | - End of the Month Summary – May 2017 » »

* If you like this post, then consider subscribing to the Full RSS feed or email updates.

DISCLAIMER: While I am a Registered Investment Advisor Representative, the information contained within this site does not constitue personalized investment advice. This material is meant as entertainment and is only a view into how I invest my own account, but not necessarily how you should invest your own funds. Trade using your own research at your own risk. This is impersonal investment advice which means the material written here, in email exchanges, on Twitter and/or other social networking sites do not purport to meet the objectives or needs of specific individuals or accounts.

Other Popular Articles:

- How to Read an Options Table

- Determining an Exit Price for a Stock

- Understanding Downside Risks in Investing

- How Naked Put Selling Works

- 10 Tips for Keeping Emotions out of Investing

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.