Category: Finance

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 …

October 19, 2017

Rolled AAPL Naked Put Lower

Filed under: Finance,Stock Picks - 19 Oct 2017

Yesterday, I mentioned my plans to roll my Apple ($AAPL) naked put from October $160 to December $160. Luckily, I was alert this morning premarket and saw AAPL futures were lower. I raised my limit order to see if it would hit at a much higher premium, but even before the market opened, I was eyeing the lower strike for December. Once I saw the option contracts price at the open and my changed order didn’t hit, I decided to …

October 18, 2017

Sold November IWM and QQQ Naked Puts

Filed under: Finance - 18 Oct 2017

My three options set to expire in October are all out of the money (two are far out of the money and one is close to the money) and I really should’ve traded these two earlier to roll them higher, but I haven’t put the focus needed on my own account much lately. That brought me to today, three days from expiration with a bunch of unused cash on the sidelines. Since these October naked puts are so far out …

October 7, 2017

SPY Chart Forecasts a Drop

Filed under: Finance,Indices,Stock Charts - 07 Oct 2017

The chart below shows the daily prices for the past year on SPY, the SPDR ETF that tracks the S&P 500 Index, after closing the week at $254.37, on October 6, 2017.

SPY has had an incredibly boring and strong 12 months, recording one of the lowest periods of volatility in the history …

October 2, 2017

End of the Month Summary – September 2017

Filed under: Finance - 02 Oct 2017

Like most investors who had a bullish tilt to their accounts, I had a good September, but could’ve done better if I had been fully invested. The Dow gained 2.08% in September and the S&P 500 gained 1.93%. I made some trades, but kept my risk level low, as I have done for most of this year.

My account ended September with a Net Asset Value (NAV) of $104,502.82 according to Interactive Brokers (IB) after finishing August with an NAV of $103,379.86. I had a gain of …

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 …

September 14, 2017

Rolled ADI Naked Put to December

Filed under: Finance,Stock Picks - 14 Sep 2017

My September ADI put was nearly worthless and with option expiration Friday being tomorrow, I decided to go ahead and roll my naked put to December and start over with it. While ADI was trading at $82.91, I sold bought to close my one ADI September $80 naked put for $0.02 and paid $2.29 including $0.29 in commission. At the same time, I sold to open one ADI December $80 naked put for $2.67 and received $266.70 after paying $0.30 …

September 12, 2017

Rolled MDY Naked Put from September to December

Filed under: Finance - 12 Sep 2017

Before I get to today’s trades, let me know how many of you watched the iPhone 8 and iPhone X announcements today and if you think the sales will be as strong as expected. I’m still short an AAPL October $160 put and plan to let it run for a few more weeks, if not all the way to expiration. I’ll probably be enough of a sucker to buy the iPhone X too. (Who can resist poop animojis?) I’ve had …

September 11, 2017

Closed IWM September Naked Put

Filed under: Finance - 11 Sep 2017

The order I placed last week to close my IWM September naked put hit this morning. I placed the order to eke out a few dollars profit, but ended up doing better as IWM gapped higher at the open. While IWM was trading at $140.39, I bought to close one IWM September $142 naked put for $1.90 and paid $191.09 including $1.09 in commission. My limit order was to buy it back for $2.35, but I pulled in an extra …

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