I logged into my account this morning to see my QQQ June $191 naked put was assigned. QQQ was trading at $190.14 when I sold this put option at the end of April. At the end of trading yesterday, QQQ finished at $176.07. I’m sitting on a paper loss right now, but at least I…
Options Expiration – May 2019
Coming into today’s option expiration, I had three contracts set to expire. My only put was on MSFT at the $115 strike, around $14 out of the money. My IWM $158 strike covered call was out of the money by roughly $4 and my XLF covered call was only a nickel in the money. I…
Month End Summary – April 2019
April was a good month for me, not S&P 500 good, but good for my personal goals. Technically, I’m fully invested, however I’m sitting on a MSFT naked put that only has a few cents of time value left in it and I should put that money to work elsewhere. I don’t think I have…
Sold June QQQ Naked Put
I’ve been slow to replace my AAPL naked put that expired a week ago. Part of that delay in action was due to my expectation of some weakness hitting stocks and the other part was just due to time constraints from work and life in general. I got caught up today, mostly, and finally got…
Options Expiration – April 2019
I had two options expire today. One was an MDY April $350 naked put and the other was an AAPL April $175 covered call. The AAPL covered call finished deep in the money. I should’ve dealt with it a few weeks ago, but just didn’t keep my focus on my own account as much as…
Two-Year SPY Chart
The chart below shows the weekly prices for the past two years for SPY, an S&P 500 index ETF, after closing the week at 288.57 on April 5, 2019. SPY has moved higher in a tight trading channel since its low on December 24, 2018. As of Friday’s close, the large-cap ETF rested at the…
Month End Summary – March 2019
March was a pretty good month for my account, although I’m still not too close to being fully invested like I should’ve been after the recent small price dip for stocks. While I’m still nervous about when (not if) we will have another meaningful correction, I need to stick with my trading to stay up…
Sold MSFT May Naked Put
Five minutes before the market closed yesterday, my limit order for a new naked put hit and I didn’t have time to write-up my trade details before leaving for my son’s track meet. (2 PRs for him!) I entered my limit order mid-afternoon and then saw MSFT running away from me, but I didn’t chase…
Options Expiration – March 2019
I only had two options set to expire today. Both were covered calls and both were in the money. My IWM call was deeper in the money while my XLF covered call had a profit off and on during the afternoon. I started with my IWM call and then rolled my XLF calls. I don’t…