I came into today’s options expiration with only two naked puts in place, one AAPL April $165 naked put and one NFLX April $235 naked put. APPL was nearly $14 out of the money earlier this week, but got hit hard the past two days, which helped me tremendously. Since I expect this decline to…
Month: April 2018
SPY Chart – 3 Years Weekly Prices
The chart below shows the weekly prices for the past three years on SPY, the SPDR ETF that tracks the S&P 500 Index, after closing the week at $259.72 on April 6, 2018. One of the best methods to remove the “noise” of near-term volatility is to stretch a chart to multiple years and switch the bars to…
Month End Summary – March 2018
My account value dropped again in March, but less than the major indexes. The gains I took on a few of my options, ADI, IWM, TLT, and GS helped cut my losses as did my far out of the money position on NFLX, but I had some painful positions in WMT and XLB that continue…