Category: Stock Picks

August 16, 2017

Sold QQQ and AAPL Naked Puts

Filed under: Finance,Stock Picks - 16 Aug 2017

I’ve regretted not being invested in AAPL with every dollar it pushed higher for the past few months, but I stayed out with the expectation that it’d have a pull back offering a better opportunity. After missing the June and July mini-dips, I decided the stock was worth some risk because I expect any new dip, or even correction, to be short-lived. Finally, I made another trade on an Apple option to give me some exposure today. While AAPL was …

August 14, 2017

Closed DIS and WMT Naked Puts

Filed under: Finance,Stock Picks - 14 Aug 2017

I closed two short puts today to free up some cash for what I hope to find in a better opportunity. I began with my DIS put that I reference in my YouTube video at the end of last week. While DIS was trading at $102.65, I bought to close one DIS August $105 naked put for $2.55 and paid $255.67 including $0.67 in commission. This trade gave me a realized gain of $3.65 (yes, the decimal …

July 25, 2017

Closed Half of QQQ Ratio Spread

Filed under: Finance,Stock Picks - 25 Jul 2017

Since I no longer think QQQ is going to drop much, if any, I decided to close my long puts on QQQ and keep the short puts. I’m exposing myself to a lot more risk by leaving the puts that I sold uncovered or matched with long puts, but don’t expect a selloff to take QQQ below my short strike of $133 before the August expiration. While QQQ was trading at $144.48, I sold to close my two QQQ August …

July 21, 2017

Options Expiration – July 2017

Filed under: Finance,Stock Picks - 21 Jul 2017

I came into today with two options left to expire for July. At the open, my order for ADI hit. While ADI was trading at $79.55, I bought to close my one ADI July $80 naked put for $0.39 and sold one ADI September $80 naked put for $3.24 and received $284.30 after paying $0.70 in commission. I brought in $339.75 when I made the trade on the July ADI put and after closing the position for $39.35, I have …

July 14, 2017

Closed August TLT Vertical Call Spread

Filed under: Finance,Stock Charts,Stock Picks - 14 Jul 2017

I closed my TLT August 129/132 vertical call spread for a profit today. While TLT was trading at $123.33, I bought my six short TLT August $129 calls for $0.14 and sold my six long TLT August $132 calls for $0.04. The net spread purchase was for $0.10 and I paid $72.71 including $12.71 in commission for the combination option trade. After selling the spread for $292.68 on June 20, I made a net profit of $219.97 by closing it …

July 8, 2017

SPY Chart – July 7, 2017

Filed under: Finance,Indices,Stock Charts - 08 Jul 2017

The chart below shows the daily prices for the past three months on SPY, the SPDR ETF that tracks the S&P 500 Index, after closing the week at $242.11, on July 7, 2017.

SPY retreated 2.0% from its intraday high of $245.01 set on June 9 before having a slight recovery and then dropping …

June 20, 2017

Sold August TLT Vertical Call Spread

Filed under: Finance,Stock Picks - 20 Jun 2017

After a hiatus since my last TLT losses, I’m back in the 20-year treasury ETF with a better strategy. As I did when I first started trading TLT years ago, I hedged this trade so I don’t repeat the same idiotic mistake from last summer. The non-hedged income was great until TLT hit a new all-time high and I got spanked. I’ve learned from my mistake and traded back in line with a better handle on risk this time.

While TLT …

June 19, 2017

Closed UWM Naked Put

Filed under: Finance,Stock Picks - 19 Jun 2017

Sometime last week or the week before, I entered a limit order to take a profit on my UWM naked put. While UWM was trading at $121.05, I bought to close one UWM July $100 naked put for $0.35 and paid $35.34 including $0.34 in commission. At $0.35, I had only 0.34% of upside potential, which is 3.64% when annualized. UWM would’ve had to fall 17.67% for me to take a loss on it. While that’s very unlikely, it’s possible …

June 14, 2017

DIS and MDY Naked Puts

Filed under: Finance,Stock Picks - 14 Jun 2017

Coming into this coming Friday’s option expiration, I have two MDY June $290 naked puts left to expire. Being more than $9 out of the money, I opted to leave them in place and let them expire worthless. While I’m still nervous about what’s to come for the markets, I opted to sell one at the money put to replace the expiring two out of the money puts. While MDY was trading at $320.26, I sold one MDY September $320 …

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