I’m slammed for time today, so just a very brief update to offer for now. I had one QQQ November $149 naked put expire worthless today and replaced. While QQQ was trading at $154.28, I sold one QQQ January $153 naked put for $2.87 and received $286.32 after paying $0.68 in commission. I had one…
End of the Month Summary – October 2017
October was another good month for me and those investors who are not short the market. I know I sound like a broken record. I did well, but could’ve done better if I had invested more and taken more risks. Not being fully invested during a bull market is begging for missed opportunities each month….
Options Expiration – October 2017
The only two October naked put options I had remaining expired worthless today. IWM finished the week at $149.99, well above my October $137 strike. QQQ finished the week at $148.74, also far above my October $142 strike. I should’ve rolled these earlier, but wasn’t bullish enough to pull the trigger. Now I need to…
Rolled AAPL Naked Put Lower
Yesterday, I mentioned my plans to roll my Apple ($AAPL) naked put from October $160 to December $160. Luckily, I was alert this morning premarket and saw AAPL futures were lower. I raised my limit order to see if it would hit at a much higher premium, but even before the market opened, I was…
Sold November IWM and QQQ Naked Puts
My three options set to expire in October are all out of the money (two are far out of the money and one is close to the money) and I really should’ve traded these two earlier to roll them higher, but I haven’t put the focus needed on my own account much lately. That brought…
SPY Chart Forecasts a Drop
The chart below shows the daily prices for the past year on SPY, the SPDR ETF that tracks the S&P 500 Index, after closing the week at $254.37, on October 6, 2017. SPY has had an incredibly boring and strong 12 months, recording one of the lowest periods of volatility in the history of the S&P 500. Two…
End of the Month Summary – September 2017
Like most investors who had a bullish tilt to their accounts, I had a good September, but could’ve done better if I had been fully invested. The Dow gained 2.08% in September and the S&P 500 gained 1.93%. I made some trades, but kept my risk level low, as I have done for most of…
Options Expiration – September 2017
Short and sweet today – I only had one position left to expire today, two XLF September $24 naked puts. XLF is trading around $24.73 as I write this post mid-afternoon. Too bad I didn’t sell more than two contracts. I’ll walk away with a realized gain of $145.61 as these puts expire worthless. Late last…
Rolled ADI Naked Put to December
My September ADI put was nearly worthless and with option expiration Friday being tomorrow, I decided to go ahead and roll my naked put to December and start over with it. While ADI was trading at $82.91, I sold bought to close my one ADI September $80 naked put for $0.02 and paid $2.29 including…