I skipped writing a monthly update last month due to a surgery I had on my upper back that inhibited my right hand’s ability to type. I’m not recovered yet, but I’m able to type some. I’ll keep it brief though because I’m very slow now and I have a lot of work to do…
Options Expiration – July 2021
The only July option I had coming into today was one ABNB July $135 naked put. This contract was the last option I sold back in June. ABNB was trading at $147.92 when I made my opening trade last month and today, I closed it for a profit after ABNB fell more than $14.00 over…
Sold a New ABNB Naked Put
I was lucky enough to get out of ABNB when my April naked put expired and had enough sense not to jump back in during the middle of a steep decline. The price drop gained momentum until mid-May when it finally found a bottom and got a little bounce from those near-term lows. What we…
Sold TLT Naked Call for August
TLT has remained depressed since falling from its 2020 highs and hasn’t shown much price fluctuation since the beginning of March. This trading channel of the past few months is narrowing and likely to break before too long. I expect it to move lower, but summer trading can bring weird things to the market. That’s…
End of the Month Summary – May 2021
I think May was a record for inactivity in my account. I made no trades, had no options expire, and didn’t even have any dividends. I’ve been expecting a bit of a correction for the past couple of months and when I saw the first couple of percentage point losses, I thought we might get…
End of the Month Summary – April 2021
It’s good to take a break sometimes. I made no trades in April other than letting my two options expire worthless. I could’ve made a bit more money in the month that that saw the Dow gain 2.71% and the S&P 500 gain 5.24%, but I had a lot on my plate and took the…
End of the Month Summary – March 2021
March was a decent month for me, as long as I don’t compare it to the Dow and S&P 500’s returns. I ended March with a Net Asset Value (NAV) of $131,455.06 according to Interactive Brokers (IB) after ending February with a balance of $130,012.40. This gain brings me to a year-to-date gain of almost…
Options Expiration – March 2021
The only options I had set for March options expiration were the five TLT March $149 puts I sold to cover my short TLT position. They expired deep in the money today and my short shares were “put” away. I entered this TLT position beginning back in January 2020 when I sold 5 TLT April…
Month End Summary – February 2021
I had another good month in my account for February. I ended February with a Net Asset Value (NAV) of $130,012.40 according to Interactive Brokers (IB) after ending January with a balance of $127,932.44. That means I’ve gained a touch over $5,000 in two months. I had a paper gain of $2,079.96 (1.63%) on paper…