Category: Account Summary

January 3, 2017

End of the Year Summary – 2016

Filed under: Account Summary,Finance,Indices - 03 Jan 2017

December was another strong month for me in a year that ended with a loss in my account. The way I traded TLT (without hedges) forced me to take losses when the market temporarily dipped even though my longer-term outlook was correct. The old Keynes adage fits in here (paraphrased) that the market can stay wrong longer than I can stay solvent. It’s moot that I was right in the end. What mattered is that I couldn’t stay long all my …



December 16, 2016

Options Expiration – December 2016

Filed under: Account Summary,Finance,Stock Picks - 16 Dec 2016

Today was the ex-dividend date for MDY and someone decided to assign my shares a day early so they could take advantage of the dividend. After closing at $104.69 yesterday, my one MDY December $290 covered call was assigned and I sold my 100 shares of MDY for $290.00 while I took a full profit ($579.75) on the call option.

I missed out on the $1.165 dividend, but was able to take the profit on the shares and the option in …



December 1, 2016

End of the Month Summary – November 2016

Filed under: Account Summary,Finance,Indices - 01 Dec 2016

November was an amazing month, but for those of us who were short bonds, it was even better. I finally exited my TLT position in full as the price plummeted. I could’ve made more by hanging on and rolling my puts lower, but decided the easy money was made and I didn’t want the risk in my account right now, mostly for short-term personal reasons over concerns of the risk in staying short.

I ended November with a Net Liquidation Value (NLV) of $90,956.43 and …



November 18, 2016

Options Expiration – November 2016

Filed under: Account Summary,Finance,Stock Picks - 18 Nov 2016

My only November option left to expire was the an IWM covered call. I could’ve let it expire and be called away. That inaction on my part would’ve saved me $2.38 in commission for this trade, but the data entry is easier this way in Quicken and I decided my couple of minutes saved is worth the commission expense.

While IWM was trading at $130.70, I sold 100 shares of IWM and bought one IWM November $123 covered call for a …



November 1, 2016

End of the Month Summary – October 2016

Filed under: Account Summary,Finance,Indices - 01 Nov 2016

As scary as October can be some years, I had another fantastic month this October. As the S&P 500 declined, my account balance increased. I’m making up for lost ground still, but months like this past one go a long way in helping me get there. The declines in my long shares were more than made up for by the declines in my short shares. Even with a net loss from my options, the net gain from my stocks and …



October 21, 2016

Options Expiration – October 2016

Filed under: Account Summary,Finance,Stock Picks - 21 Oct 2016

October options expiration worked out better for me than I expected just a few days ago. After I overpaid to roll my TLT October $135 puts earlier this week (compared to the price today), I was able to roll my TLT October $133 puts for nearly a full profit. While TLT was trading at $133.31, I bought to close five TLT October $133 covered puts and sold five TLT December $130 puts for a net premium of $1.33 per combination. …



October 3, 2016

End of the Month Summary – September 2016

Filed under: Account Summary,Finance,Indices - 03 Oct 2016

My account had another good month as I clawed back a little more of my paper losses and edged back above $80,000 again. TLT (no surprise) was the biggest factor in my gains as my short shares fell in price (resulting in a gain for me) and most of my covered puts lost value (resulting in further gains for me). MDY and DIS lost some for me while IWM gained some.

I ended September with a Net Liquidation Value (NLV) of $80,348.45 and a …



September 13, 2016

End of the Month Summary – August 2016

Filed under: Account Summary,Finance,Indices - 13 Sep 2016

(Sorry for the delay on this post. I wrote it on 9/1, but apparently forgot to hit “Publish”.)

It is a lot more fun to make money than to lose money, but I assume y’all knew that already. I was due for a good month in my account again and August delivered. TLT, IWM, and MDY all gained ground for me, while DIS cost me another $149.00. I had to pay my monthly medicine in the form of dividends and interest for …



August 19, 2016

Options Expiration – August 2016

Filed under: Account Summary,Finance,Stock Picks - 19 Aug 2016

I had no options expire today, but did roll one of my legs of TLT covered puts. I also considered selling covered calls on my long (MDY, IWM, and DIS) positions finally, but couldn’t pull the trigger. The upside potential is just too small for what I want right now. I think my brain is a little skewed by my over-allocation in TLT and am having a hard time focusing on the “base hits” I need to keep working on. Then …



Next Page »