Like most bulls, I had a nice gain in February. I would’ve made much more if I had been fully invested and if my covered calls didn’t move in the money on a few of my positions. Still, I gained back some of my lost ground and that’s a good thing. I stuck to my…
Sold April MDY Naked Put
I’ve been ridiculously gun shy about making new trades lately for fear of losing money again. Also, I’ve been busy, but I probably could’ve made time to trade more in my own account if I wasn’t being so nervous about what could happen. My rationale is based on how far we’ve come over the past…
Options Expiration – February 2019
My one XLB February $52 covered call was my only option I had that expired today and it’s $2.24 in the money as I write this mid-morning on Friday. I’m letting it expire in the money and my 100 shares of XLB will be called away. I’ll end up with a realized gain of $218.66,…
Month End Summary – January 2019
If only every month could be as easy and as profitable as January was. While I haven’t come close to making up for my losses in 2018, I made a good step in the right direction. I would’ve done even better if I didn’t have the covered call on half my AAPL shares that finished…
Options Expiration – January 2019
I only have options on two stocks that are expiring today, AAPL and ADI. The two AAPL January $200 covered calls far out of the money that will expire worthless and give me a realized gain of $491.23. AAPL was trading at $177.41 when I sold these calls two months ago. This morning it’s closer…
Sold March IWM Covered Call
Continuing with the plans I mentioned in a recent post, I sold an out of the money covered call on my 100 IWM shares this afternoon. While IWM was trading at $145.77, I sold one IWM $151 covered call for $2.15 and received $214.33 after paying $0.67 in commission. The contract had a bid/ask of…
Sold One AAPL Covered Call
Yesterday, I wrote that I planned to sell a covered call on half of my AAPL shares along with a new naked put on MDY. The pair would set me up to be on margin potentially if the call wasn’t assigned and the put was. I decided to hold off on the MDY put part of…
Sold XLB Covered Call
Since the December options expiration Friday two and a half weeks ago, I’ve made no trades. As I mentioned in my options summary post back then, I thought stocks were oversold and I opted to wait and let the bounce play out some without selling new covered calls on the stocks and ETFs I owned…
SPY Chart – One Year Ending January 4, 2019
The chart below shows the daily prices for the past six months for the S&P 500 index, aka SPX, after closing the week at 2,531.94 on January 4, 2019. The S&P 500 fell 20.2% from its intraday high of 2,940.91 on September 21 to its intraday low of 2,346.58 on December 26. The technical definition of a…