Late last week, I entered a limit order to roll my IWM naked put that was set to expire in September. It was about $5 out of the money and didn’t have a large amount of time value left in it. Just before lunch today, while IWM was trading at $171.63, I bought to close…
Sold XLF October Naked Puts
I’ve had a couple limit orders for XLF naked puts over the past few weeks and finally got my latest order to hit. I placed the order yesterday afternoon when XLF was around $28.60. I expected the previous two days of price volatility to continue with XLF dipping and then recovering some before close, so…
Options Expiration – August 2017
My Facebook ($FB) naked put was the only option I had left to expire today and it is expiring deep in the money. FB was trading at $217.63 less than a month ago when I sold my one FB August $200 naked put and received $179.38. This amount won’t show as a profit yet since…
Sold AAPL Naked Put for October
My strategy from yesterday almost worked as planned. The share price of AAPL dropped today, which is what I was planning for, but I pulled the trigger on my order after the low of the morning and before the afternoon low. Due to AAPL’s $0.73 ex-dividend date today, the stock adjusted post-payout, i.e. pre-market. After…
Closed AAPL $185 Naked Put
I entered a limit order yesterday afternoon to close my AAPL naked put and planned to write another contract after the order hit. I opted not to enter the order as a combination because I wanted to see if AAPL would bounce around some and change my decision on which strike to sell next. While…
Month End Summary – July 2018
Outside of my FB naked put, July was a good month overall. However, FB’s drop killed most of my profit for the month. While the S&P 500 gained 3.6% and the Dow Jones Industrial Average gained 4.71%, my account only eked out a small gain. The gain in GS made up for 66% of my…
Rolled FB Naked Put In and Up
I’ve used the phrase “out and up” when referring to rolling an option farther out on the calendar and up to a higher strike, but today I did something I almost never do. I rolled a September put to August and raised the strike, so it’s “in and up”. While FB was trading at $217.63,…
Options Expiration – July 2018
I only had two positions to update today after knocking out three of my trades yesterday for July expiration. FEZ and GS were the only two underlying stocks I had left and I made my decisions quickly on my next steps. I started with FEZ because I wanted to make sure I locked in a…
Better Late Than Never – Rolling Naked Puts
I did today what I should’ve done days ago. I rolled three of my July naked puts. Actually, I didn’t roll them, but I did sell new ones to replace the ones that are about to expire worthless tomorrow, which is basically rolling them without bothering to close those puts far out of the money….