Category: Finance

January 19, 2018

Options Expiration – January 2018

Filed under: Finance - 19 Jan 2018

I only had two options left to expire today, one IWM January $148 naked put and one QQQ January $153 naked put. Both are far out of the money and will expire worthless. I’ll have a realized gain of $340.32 on the IWM put and $286.32 on the QQQ put. IWM was trading at $148.59 when I made this trade compared to $158.16 as I write this update midday today. QQQ was trading at $154.28 when I made that the …

January 16, 2018

Rolled NFLX Naked Put

Filed under: Finance,Stock Picks - 16 Jan 2018

I sold a naked put $10 out of the money on Netflix ($NFLX) on December 12, while NFLX was trading at $185.70 and on January 2, NFLX gapped higher and has barely hit a speed bump since then. It finished $0.30 higher today, but that was $4.54 below its intraday high. I’ve been hesitating to chase my next trade on NFLX since stocks have been on such a great run for so long, but decided I needed some more skin …

January 6, 2018

DIA Chart – 6 Months Daily Prices

Filed under: Finance - 06 Jan 2018

The chart below shows the daily prices for the past six months on DIA, the SPDR ETF that tracks the Dow Jones Industrial Average, after closing the week at $252.72 on January 5, 2018.

DIA finished Friday within a few cents of its all-time high set only five minutes before the close. Such a strong …

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 …

December 15, 2017

Options Expiration – December 2017

Filed under: Finance - 15 Dec 2017

Today is the last monthly options expiration day of the year and I had three options expire worthless, giving me a full profit on each of them. My ADI December $80 naked put gave me a realized gain of $266.70. My AAPL December $155 naked put gave me a realized gain of $516.89. I sold replacements for both of these contracts, but haven’t replaced my MDY put yet. My MDY December $320 naked put gave me a realized gain of …

December 12, 2017

Sold NFLX Naked Put

Filed under: Finance,Stock Picks - 12 Dec 2017

I try to stay away from high P/E stocks due to the downside risk of margin compression, but opted to take a risk for the fat option premium on NFLX today. Part of that risk acceptance is due to the fact that I have three options expiring in three days that are far out of the money and another two set to expire in January that are a little out of the money. In other words, I have cash that …

December 1, 2017

End of the Month Summary – November 2017

Filed under: Finance - 01 Dec 2017

Through very little effort in my account, I was able to pull out a little more of a gain again. I fell below the major indexes further, but hopefully I’ve had my last major event pulling me from trading for a long time. After fighting cancer for more than two and a half years, my mom died the week before Thanksgiving. I spent the last week of her life with her and my dad and Thanksgiving week with family. I …

November 17, 2017

Options Expiration – November 2017

Filed under: Finance - 17 Nov 2017

I’m slammed for time today, so just a very brief update to offer for now.

I had one QQQ November $149 naked put expire worthless today and replaced. While QQQ was trading at $154.28, I sold one QQQ January $153 naked put for $2.87 and received $286.32 after paying $0.68 in commission.

I had one IWM November $149 naked put that was going to finish in the money and so I rolled it. While IWM was trading at $148.59, I bought to …

November 1, 2017

End of the Month Summary – October 2017

Filed under: Finance - 01 Nov 2017

October was another good month for me and those investors who are not short the market. I know I sound like a broken record. I did well, but could’ve done better if I had invested more and taken more risks. Not being fully invested during a bull market is begging for missed opportunities each month. The Dow gained 4.34% in October and the S&P 500 gained 2.22%. I wasn’t close to those returns thanks to my cautious approach. I’ve pretty much …

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