Before I get to today’s trades, let me know how many of you watched the iPhone 8 and iPhone X announcements today and if you think the sales will be as strong as expected. I’m still short an AAPL October $160 put and plan to let it run for a few more weeks, if not…
Closed IWM September Naked Put
The order I placed last week to close my IWM September naked put hit this morning. I placed the order to eke out a few dollars profit, but ended up doing better as IWM gapped higher at the open. While IWM was trading at $140.39, I bought to close one IWM September $142 naked put…
Sold IWM October Naked Put
I was focused on my other taxable account today, but was doing my research on Interactive Brokers’ platform, where keep this account. When I decided on my trade, I made it in this account I blog about instead of my TD Ameritrade account. Luckily, I wasn’t overly allocated to small caps in the My Trader’s…
End of the Month Summary – August 2017
I pulled out a slight gain in August. The Dow only gained 0.26% and the S&P 500 only edged up 0.05%. I took some risk off as my August options expired and haven’t replaced everything yet. I missed a good opportunity after the short-lived scare from North Korea’s missile launch over Japan and now don’t…
Options Expiration – August 2018
My four QQQ August $133 naked puts were the only August option contracts I had remaining by today’s expiration. They’ll expire worthless and I’ll have a realized gain of $805.54, but that doesn’t include the loss I took on the long puts I bought as part of the original QQQ ratio spread. The long puts…
Sold QQQ and AAPL Naked Puts
I’ve regretted not being invested in AAPL with every dollar it pushed higher for the past few months, but I stayed out with the expectation that it’d have a pull back offering a better opportunity. After missing the June and July mini-dips, I decided the stock was worth some risk because I expect any new…
Closed DIS and WMT Naked Puts
I closed two short puts today to free up some cash for what I hope to find in a better opportunity. I began with my DIS put that I reference in my YouTube video at the end of last week. While DIS was trading at $102.65, I bought to close one DIS August $105 naked…
End of the Month Summary – July 2017
I had a decent month in July, but continue to trail the major indexes. The Dow gained 2.54% and the S&P 500 gained 1.93%. Technically, I’m over-invested now, but a few of my positions are far enough out of the money that I’m not getting much gain for the exposure. The summer is almost over,…
Closed Half of QQQ Ratio Spread
Since I no longer think QQQ is going to drop much, if any, I decided to close my long puts on QQQ and keep the short puts. I’m exposing myself to a lot more risk by leaving the puts that I sold uncovered or matched with long puts, but don’t expect a selloff to take…