I came into today with two options left to expire for July. At the open, my order for ADI hit. While ADI was trading at $79.55, I bought to close my one ADI July $80 naked put for $0.39 and sold one ADI September $80 naked put for $3.24 and received $284.30 after paying $0.70…
Closed August TLT Vertical Call Spread
I closed my TLT August 129/132 vertical call spread for a profit today. While TLT was trading at $123.33, I bought my six short TLT August $129 calls for $0.14 and sold my six long TLT August $132 calls for $0.04. The net spread purchase was for $0.10 and I paid $72.71 including $12.71 in…
SPY Chart – July 7, 2017
The chart below shows the daily prices for the past three months on SPY, the SPDR ETF that tracks the S&P 500 Index, after closing the week at $242.11, on July 7, 2017. SPY retreated 2.0% from its intraday high of $245.01 set on June 9 before having a slight recovery and then dropping again. Even while setting a…
End of the Month Summary – June 2017
I eked out another small gain this past month. June wasn’t a stellar month for the S&P 500, but it gained 0.48%, which is good after the gains of the first five months. I finally got closer to being fully invested and have some decent gains I could make by the end of July and…
Wrote Naked Put on WMT
Walmart (WMT) took a sizeable step lower after AMZN made the offer to buy WFM last week. I thought the drop was overdone, so the following day, I entered a limit order to write a naked put on WMT. It took a few days for the order to hit, but it triggered today. While WMT…
Sold August TLT Vertical Call Spread
After a hiatus since my last TLT losses, I’m back in the 20-year treasury ETF with a better strategy. As I did when I first started trading TLT years ago, I hedged this trade so I don’t repeat the same idiotic mistake from last summer. The non-hedged income was great until TLT hit a new…
Closed UWM Naked Put
Sometime last week or the week before, I entered a limit order to take a profit on my UWM naked put. While UWM was trading at $121.05, I bought to close one UWM July $100 naked put for $0.35 and paid $35.34 including $0.34 in commission. At $0.35, I had only 0.34% of upside potential,…
DIS and MDY Naked Puts
Coming into this coming Friday’s option expiration, I have two MDY June $290 naked puts left to expire. Being more than $9 out of the money, I opted to leave them in place and let them expire worthless. While I’m still nervous about what’s to come for the markets, I opted to sell one at…
XLF and MDY Option Trades
The ratio spread I had on MDY was almost worthless going into this coming Friday’s expiration, so I decided to sell my long put for a $10 gain instead of letting it expire completely worthless in a few days. While MDY was trading at $319.95, I sold my long MDY June $310 put for $0.13…