The best move I could’ve made would’ve been to buy my WMT naked put before it expired and since I didn’t, I had to decide if I should dump the shares or sell a covered call. For the past couple of weeks when I needed to make a decision, I didn’t, and it cost me…
Month: March 2018
Sold FB Naked Put
Facebook has taken a beating lately and I believe it might be a little overdone. Based on that belief, I sold a naked put on FB this afternoon. While FB was trading at $172.44, I sold one FB May $160 naked put for $4.25 and received $424.32 after paying $0.68 in commission. FB made it…
Options Expiration – March 2018
My March options were mixed. I took an early assignment on my WMT naked put as I wrote about yesterday. I’ll also take an assignment on my XLB March $63 naked put. In the positive column, I’ll take a full profit on my GS March $265 naked put to give me a realized gain of…
WMT Option Assigned
As I mentioned in a recent update, I expected my Walmart (WMT) naked put to be assigned since it was deep in the money and its ex-dividend date was coming up before March options expiration. Sure enough, I woke up to a notification that I was the new proud (?) owner of 100 shares of…
Closed ADI Naked Put
I have a meeting on Monday morning and thought I’d be smart to place an order this afternoon before I forgot in the hopes it might hit next week if ADI’s price improved a lot. Instead, stocks had a strong afternoon and ADI moved higher with the tide. While ADI was trading at $89.48, I…
Month End Summary – February 2018
I lost a few bucks in February, but not as much as the major indexes thanks to most of my options beginning the month out of the money. I don’t have the same benefit on all my investments coming into March, but the few that I have (ADI, AAPL, NFLX) out of the money will…