Category: Stock Picks

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 …

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 …

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 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 …

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 6, 2017

Sold IWM October Naked Put

Filed under: Finance,Stock Picks - 06 Sep 2017

I was focused on my other taxable account today, but was doing my research on Interactive Brokers’ platform, where keep this account. When I decided on my trade, I made it in this account I blog about instead of my TD Ameritrade account. Luckily, I wasn’t overly allocated to small caps in the My Trader’s Journal account before the trade, so I kept the trade in place and didn’t try to make a quick exit/reversal.

While IWM was trading at $139.56, …

August 18, 2017

Options Expiration – August 2018

Filed under: Account Summary,Finance,Stock Picks - 18 Aug 2017

My four QQQ August $133 naked puts were the only August option contracts I had remaining by today’s expiration. They’ll expire worthless and I’ll have a realized gain of $805.54, but that doesn’t include the loss I took on the long puts I bought as part of the original QQQ ratio spread. The long puts that I closed a few weeks ago gave me a realized loss of $704.51, so my net gain is $101.03.

$101 is hardly …

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