Category: Account Summary

April 20, 2018

Options Expiration – April 2018

Filed under: Account Summary,Finance,Stock Picks - 20 Apr 2018

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 be temporary, the $13 price drop that brought the stock’s price to within a dollar of my strike actually benefited me by raising the premiums …



April 2, 2018

Month End Summary – March 2018

Filed under: Account Summary,Finance,Indices - 02 Apr 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 to cause pain. I only have April options on AAPL and NFLX. My NFLX naked put was still more than $60 out of the money …



March 16, 2018

Options Expiration – March 2018

Filed under: Account Summary,Finance,Stock Picks - 16 Mar 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 $589.31. GS closed today at $267.60 compared to being at $271.34 when I sold the put at the end of January. I always love these …



March 1, 2018

Month End Summary – February 2018

Filed under: Account Summary,Finance,Indices - 01 Mar 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 help me overall, unless stocks sell off deeply. For now, it looks like I’ll be taking some option assignments in March unless I go ahead …



February 16, 2018

Options Expiration – February 2018

Filed under: Account Summary,Finance - 16 Feb 2018

I had no options remaining to expire today, so I’m giving a short recap of what’s in my account at the end of the week.

– 1 GS March $265 naked put with GS trading at $267.62
– 1 ADI March $85 naked put with ADI trading at $86.09
– 1 XLB March $63 naked put with XLB trading at $60.48
– 1 IWM March $159 naked put with ADI trading at $153.35
– 1 WMT March $105 naked put with WMT trading at $104.78
– …



February 1, 2018

Month End Summary – January 2018

Filed under: Account Summary,Finance,Indices - 01 Feb 2018

It feels good to be back in the swing of things and making more trades than I did in most months last year. One drawback to selling options is that you don’t get the big upswings in your account balance when the markets make big moves higher. This lag can be discouraging for those who are new to selling options, but the benefit is that you don’t get the quick account balance drops when the markets drop. The peaks and …



January 2, 2018

End of Year Summary 2017

Filed under: Account Summary,Finance,Indices - 02 Jan 2018

Bullish investors made a killing in 2017 and I made a decent gain (when not comparing myself to the benchmarks), but I didn’t keep my focus on trading last year as I wrapped up my divorce and dealt with my mom’s death. I highly recommend avoiding a divorce and losing a parent in the same year. Even though I get along great with my ex-wife and it was time for my mom’s suffering from cancer to end, the emotional toll …



October 20, 2017

Options Expiration – October 2017

Filed under: Account Summary,Finance,Stock Picks - 20 Oct 2017

The only two October naked put options I had remaining expired worthless today. IWM finished the week at $149.99, well above my October $137 strike. QQQ finished the week at $148.74, also far above my October $142 strike. I should’ve rolled these earlier, but wasn’t bullish enough to pull the trigger. Now I need to avoid making the same mistake with the options I have remaining.

For November expiration, I have the two puts I just sold two days ago on …



September 15, 2017

Options Expiration – September 2017

Filed under: Account Summary,Finance,Stock Picks - 15 Sep 2017

Short and sweet today – I only had one position left to expire today, two XLF September $24 naked puts. XLF is trading around $24.73 as I write this post mid-afternoon. Too bad I didn’t sell more than two contracts. I’ll walk away with a realized gain of $145.61¬†as these puts expire worthless.

Late last week XLF traded as low as $23.80 and I planned to re-write $24 strike naked puts. Now, the November $25 puts are showing a bid/ask of …



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