My four QQQ August $133 naked puts were the only August option contracts I had remaining by today’s expiration. They’ll expire worthless and I’ll have a realized gain of $805.54, but that doesn’t include the loss I took on the long puts I bought as part of the original QQQ ratio spread. The long puts…
Month: August 2017
Sold QQQ and AAPL Naked Puts
I’ve regretted not being invested in AAPL with every dollar it pushed higher for the past few months, but I stayed out with the expectation that it’d have a pull back offering a better opportunity. After missing the June and July mini-dips, I decided the stock was worth some risk because I expect any new…
Closed DIS and WMT Naked Puts
I closed two short puts today to free up some cash for what I hope to find in a better opportunity. I began with my DIS put that I reference in my YouTube video at the end of last week. While DIS was trading at $102.65, I bought to close one DIS August $105 naked…
End of the Month Summary – July 2017
I had a decent month in July, but continue to trail the major indexes. The Dow gained 2.54% and the S&P 500 gained 1.93%. Technically, I’m over-invested now, but a few of my positions are far enough out of the money that I’m not getting much gain for the exposure. The summer is almost over,…