Coming into today’s option expiration, I only had one February option set to expire and it was in the money beyond the premium I received. While QQQ finished the week more than $7 beneath its high from just three days earlier, it wasn’t enough of a drop to turn my covered call into a profit….
Sold ABNB Naked Put
Airbnb ($ABNB) is a young company by most measures, especially as a publicly traded company. I usually shy away from stocks like this because I like to see a better track record before investing. I made an exception with ABNB because I’ve used their services and think they are going to continue to grow quickly…
Sold MJ Naked Puts
I’ve been debating getting into “pot stocks” for a long time and was happy I waited since they tanked from their 2019 highs. Rather than work through the weeds of each individual stock and take the risk of not diversifying, I’ve been following the ETF, MJ. Officially, MJ tracks an index of “Pharmaceuticals, Biotechnology and…
Month End Summary – January 2021
I had a pretty good month in my account for January based on having a profit while the large-cap indexes slipped. My account ended January with a Net Asset Value (NAV) of $127,932.44. After starting the year with $125,000 in my account, I’m happy to have a gain of almost $3,000 on paper. I didn’t…
SPY Chart – 1 Year Ending January 8, 2021
The chart below shows the daily prices for the past year through January 8, 2021, for SPY, a large S&P 500 tracking ETF, after closing the week at $381.29. SPY is moving through an ascending wedge pattern, which means that after falling from an earlier high, the recovering pattern shows a tightening wedge shape. In…
Year End Summary – 2020
Investing in 2020 was much easier than most of us would’ve expected if we were told in advance there was going to be a global pandemic. I was lucky enough to be very thinly invested by the time it became apparent the economy would take a hit. I was unlucky that the bold move I…
Options Expiration – December 2020
I had two sets of options expire today – one on QQQ and five on TLT. My QQQ December $305 covered call moved in the money earlier this week after being nearly $40 out of the money less than two months ago. I loved regaining value on my share price, but I didn’t want to…
Month End Summary – November 2020
November kept the trend going for me and added to my gains for the year. The bounce back in QQQ was a big help and more than made up for the paper losses on my short TLT shares. I remained too timid after the election and missed some upside, but didn’t want to blow my…
Month End Summary – October 2020
October worked out well for me since I more than made up for my September losses and saw my account balance improve as the major indexes lost ground. I timed my QQQ covered call well, but should’ve used a lower strike (at least so far). My TLT position played the main roll for my account’s…