Category: Finance

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 15, 2018

Rolled AAPL Naked Put to April

Filed under: Finance,Stock Picks - 15 Feb 2018

My AAPL naked put was the only option I had set to expire in February and the timing of AAPL’s move higher worked out well for me. AAPL fell as low as $150.29 intraday on February 9. I thought I had a strong probability of having the option assigned, but the iPhone maker recovered even faster than it fell, at least from $170 to $150 and back. After news hit of Warren Buffet’s increased stake in AAPL, the shares gapped …

February 8, 2018

Rolled NFLX Naked Put to April

Filed under: Finance,Stock Picks - 08 Feb 2018

Remember last week when I didn’t want to spend $43 to close my NFLX naked put? Well, that would’ve been a bargain compared to what I spent today. The good news is that I didn’t make today’s trade out of fear of an option assignment. Instead, I rolled my position higher to take advantage of the volatility that’s spiking this week. While NFLX was trading at $252.68, I bought to close one NFLX March $205 naked put for $1.42 and …

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 30, 2018

Sold XLB Naked Put

Filed under: Finance,Stock Picks - 30 Jan 2018

I placed a limit order for an XLB (Materials Select Sector SPDR ETF) naked put one week ago when XLB was trading at $62.92, but XLB was still coming off lows from a week earlier at that point and the VIX was 3-4 points lower than today. So, when XLB climbed to $64.17, I figured my order wasn’t going to hit. However, things can change quickly. The bulls threw a little fit yesterday afternoon and this morning to knock stocks …

January 29, 2018

Sold GS Naked Put

Filed under: Finance,Stock Picks - 29 Jan 2018

Barron’s cover story from this weekend was on Goldman Sachs Group ($GS). While I try to read most of the articles in Barron’s every weekend, I rarely read more than half of them. This past weekend I made it through more than usual, including the bullish article on GS. Not every cover story speaks to me, but this one did, and I decided I should consider getting into it today. I figured we’d see a pop higher to start the …

January 25, 2018

Option Trades on UUP and TLT

Filed under: Finance,Stock Picks - 25 Jan 2018

The last time I traded UUP I lost almost $279. That was in August 2011 and haven’t thought of the¬†PowerShares DB US Dollar Bullish ETF since then enough to make another trade, until yesterday. I’ve been watching the US dollar lose ground and finally decided I should try to make a profit on it, but without too much risk. I’m happy to trade on nearly any stock or ETF that I think I can make a profit on, but this …

January 24, 2018

Sold IWM Naked Put for March

Filed under: Finance - 24 Jan 2018

My account was void of any index funds and I was looking for another individual stock to sell an option on, but felt I had been waiting too long and opted to come back to the easy trade on an index ETF while I continue to look for individual stocks. QQQ and IWM are usually the best for option premiums thanks to their higher volatility (usually) over S&P 500 ETFs. Since I already have options on AAPL, ADI, and NFLX, …

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 …

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