Category: Stock Picks

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 …

March 27, 2018

Sold Walmart Covered Call

Filed under: Finance,Stock Picks - 27 Mar 2018

The best move I could’ve made would’ve been to buy my WMT naked put before it expired and since I didn’t, I had to decide if I should dump the shares or sell a covered call. For the past couple of weeks when I needed to make a decision, I didn’t, and it cost me as WMT drifted lower. I started to place a limit order for an in the money covered call last week before WMT pulled back above …

March 21, 2018

Sold FB Naked Put

Filed under: Finance,Stock Picks - 21 Mar 2018

Facebook has taken a beating lately and I believe it might be a little overdone. Based on that belief, I sold a naked put on FB this afternoon. While FB was trading at $172.44, I sold one FB May $160 naked put for $4.25 and received $424.32 after paying $0.68 in commission. FB made it as high as $173.38 today before calming down some. I caught it on the way down and should’ve waited even longer since FB is down …

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 15, 2018

WMT Option Assigned

Filed under: Finance,Stock Picks - 15 Mar 2018

As I mentioned in a recent update, I expected my Walmart (WMT) naked put to be assigned since it was deep in the money and its ex-dividend date was coming up before March options expiration. Sure enough, I woke up to a notification that I was the new proud (?) owner of 100 shares of WMT stock. My WMT March $105 naked put brought in $419.32 when I sold it, so my cost per share after deducting this premium is …

March 2, 2018

Closed ADI Naked Put

Filed under: Finance,Stock Picks - 02 Mar 2018

I have a meeting on Monday morning and thought I’d be smart to place an order this afternoon before I forgot in the hopes it might hit next week if ADI’s price improved a lot. Instead, stocks had a strong afternoon and ADI moved higher with the tide. While ADI was trading at $89.48, I bought to close my one ADI March $85 naked put for $0.60 and paid $60.24 including $0.24 in commission. The bid/ask was somewhere around $0.68/0.70 …

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 …

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 …

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