My account was void of any index funds and I was looking for another individual stock to sell an option on, but felt I had been waiting too long and opted to come back to the easy trade on an index ETF while I continue to look for individual stocks. QQQ and IWM are usually…
Options Expiration – January 2018
I only had two options left to expire today, one IWM January $148 naked put and one QQQ January $153 naked put. Both are far out of the money and will expire worthless. I’ll have a realized gain of $340.32 on the IWM put and $286.32 on the QQQ put. IWM was trading at $148.59…
Rolled NFLX Naked Put
I sold a naked put $10 out of the money on Netflix ($NFLX) on December 12, while NFLX was trading at $185.70 and on January 2, NFLX gapped higher and has barely hit a speed bump since then. It finished $0.30 higher today, but that was $4.54 below its intraday high. I’ve been hesitating to…
DIA Chart – 6 Months Daily Prices
The chart below shows the daily prices for the past six months on DIA, an ETF that tracks the Dow Jones Industrial Average, after closing the week at $252.72 on January 5, 2018. DIA finished Friday within a few cents of its all-time high set only five minutes before the close. Such a strong close at the end of…
End of Year Summary 2017
Bullish investors made a killing in 2017 and I made a decent gain (when not comparing myself to the benchmarks), but I didn’t keep my focus on trading last year as I wrapped up my divorce and dealt with my mom’s death. I highly recommend avoiding a divorce and losing a parent in the same…
My New Upcoming Book
I’m finished trading for 2017. We only have an hour left in today’s trading and then tomorrow is the final trading day of the year. I’m planning to write another book using my 2018 trades, as I did with my 2012 trades, and figured I should just wait for my next trades to fit into…
Options Expiration – December 2017
Today is the last monthly options expiration day of the year and I had three options expire worthless, giving me a full profit on each of them. My ADI December $80 naked put gave me a realized gain of $266.70. My AAPL December $155 naked put gave me a realized gain of $516.89. I sold…
Sold NFLX Naked Put
I try to stay away from high P/E stocks due to the downside risk of margin compression, but opted to take a risk for the fat option premium on NFLX today. Part of that risk acceptance is due to the fact that I have three options expiring in three days that are far out of…
End of the Month Summary – November 2017
Through very little effort in my account, I was able to pull out a little more of a gain again. I fell below the major indexes further, but hopefully I’ve had my last major event pulling me from trading for a long time. After fighting cancer for more than two and a half years, my…