I didn’t realize how long it had been since I last charted the QQQQ until a reader asked me to chart it again. I’m glad I did, because this is an interesting chart. Originally I thought this week would show just another trend line acting as a ceiling soon, but then I revised my moving…
Selling Naked Calls on SFLY – Accepting Risk
A couple of days ago I placed a limit order to sell naked (uncovered) calls on Shutterfly (SFLY). I’ve profited on SFLY calls twice in the past few months doing the same thing and figured little has changed for it’s near term future and dove back in for more. While SFLY was trading at $15.67, I sold…
Current Short and Long Positions
Now that April options expiration has settled and I’ve regrouped a little, here’s a screenshot of my current holdings as of this morning, pre-market. I’m just over half invested of where I want to be, meaning I can afford to buy almost everything where I have naked puts sold. I’m still aiming to only have half…
Sold New FWLT and CELG Naked Puts
While CELG was at 63.58 I sold one June 60 (LQHRL) and received $274.25 after commissions. I put the order in pre-market as I thought CELG would fall to its 20 day moving average. It did and the premium went higher than I thought it would. I left a little money on the table. The bid/ask…
Covered Long Stock Positions – DIS & VIP
I mentioned my plan yesterday for my long plans and made the trades before lunch on Monday. While DIS was trading at 31.44, I sold three in the money covered calls at the June 30 strike (DISFF) and received $692.75. While VIP was trading (down for the day) at 30.33, I sold three in the…
April Options Expiration
I didn’t chart an index this weekend because I went camping on my yearly camping trip with friends from college. That also means I haven’t read Barron’s or any other internet information on market recaps or good picks for the upcoming week. That leaves me with the need to start over by figuring out where…
Reader’s Post: Day Trading Strategy and Results
Kadena is probably one of the readers who has been around My Trader’s Journal longest. He’s in the US military stationed in Asia and trades while he could be sleeping. He comments often and we exchange emails more often. I received this from him last week and he said I could share his results from day trading. I…
Sold Naked Puts on INTC After Earnings
I’m starting to do this type of trade more often. The day after earnings are released, when earnings news specific to the underlying equity shouldn’t offer a surprise before my option expires, I like to sell naked puts. That’s what I did with Intel (INTC) today. Obviously, the premium would have been much better if I…
Selling AMAT call options and SLB naked puts
I’m short four AMAT naked puts and it’s been falling since soon after I got in. This morning, shortly after opening, while AMAT was trading at 18.90 I sold four uncovered May 20 calls (ANQED) and received $207.00 after commissions. I like AMAT long term, so I opted not to buy my naked puts back, but…