Even with the S&P 500 finishing November almost dead flat, I had another great month. General time decay on my options, especially on TLT, helped my account do so well in addition to small and mid-cap stocks outperforming larger stocks. I’m up over 18% for the year and have to start planning to lighten up…
Sold TLT February Naked Calls
I’ve been trying to sell more TLT naked calls for more than a week, but my limit orders wouldn’t hit before they expired. I decided to make another run at it today while TLT was up a little for the day again. While TLT was trading at $121.21, I sold 10 TLT February $124 naked…
Sold DIS January Naked Put
One of the advantages of following just a few stocks closely is that you get to know their behavior. While I don’t claim to be able to forecast every move that DIS makes, certain set-ups do create fairly predictable price movements. I mentioned in my last update that I was waiting for DIS to drop…
Options Expiration – November 2015
It’s weird to think January options expiration is only eight weeks away. Before that, we had November’s expiration today. I came into today with four different options expiring, two on DIS, one on IWM and one on FEZ. I said I wouldn’t regret my DIS covered call two months ago at $110 if it was…
Sold TLT January Naked Calls
I’ve been waiting to sell January naked calls on TLT until after I closed out my November calls. Finally, at the opening bell, while TLT was trading at $119.48, my long-standing limit order hit and I bought to close 10 TLT November $125 naked calls for $0.10 and paid $104.22 including $4.22 in commission. I…
End of the Month Summary – October 2015
Like every bull invested in the stock market, I had a fantastic month in October. It was hard not to have a good month when stocks had their best month out of the past four years with the S&P 500 adding 8%. I was able to beat the large-cap index again in October because I am…
Current Positions – October 16, 2015
I didn’t have any options remaining for October by the time today’s expiration rolled around, so I’m taking the opportunity to give an update on my current positions. My account value is up to $112,278.78. I have $26,990.78 in cash, which means I have roughly $32,500 in naked puts that I can’t cover with cash…
Rolled TLT Naked Calls Out and Up
As I mentioned the other day, I reached my limit for selling naked calls on TLT. So, I had to close some of my current short calls to open up margin. While TLT was trading at $122.54, I bought to close 10 TLT October $125 naked calls for $0.19 and paid $196.07 including $6.07 in…
Sold SPY & MDY December Covered Calls
I’ve enjoyed the rally over the past week and the fact that my account balance is back to within about 2% of my highs of the year. Since we’ve just had a strong multi-day bounce off the recent lows, I figured that we didn’t have too much more upside in the immediate future. I started looking for…