Category: Stock Picks

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 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,Stock Picks - 06 Jan 2018

The chart below shows the daily prices for the past six months on DIA, an 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 …

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 …

« Previous PageNext Page »