A week ago, TLT was trading $5 higher and I sold my second leg of 10 TLT September naked calls. This morning, while TLT was trading at $122.53, I bought to close those 10 TLT September $132 naked calls for $0.11 each and paid $114.23 including $4.23 in commission. Since I received $1,145.73 last week, I…
Sold More TLT September Naked Calls
I’m already short 10 TLT September $124 calls that are in the money, but when I saw TLT trade into the upper $128s, I figured the timing was right to add to my short position. I’m not aggressive enough to add to the same strike, but figured more naked calls out of the money could…
Options Expiration – August 2015
I’m really shocked that I haven’t made a trade since July options expiration. That was just over a month ago and is the longest I’ve gone without making a trade in this account since I started blogging in April 2007. The main reason for my lack of trading was that I couldn’t find something I…
End of the Month Summary – July 2015
July was a slow trading month for me, but my account gained ground and I’m ahead of all major indexes for the past year and the year-to-date (double the Dow for the past 12 months). The S&P 500 had a better month than the other indexes, so I was happy to see my results closer…
Options Expiration – July 2015
I only had options on TLT left to expire today after rolling my July FEZ and SPY options yesterday. Both of the legs of my 10 TLT July $121/124 vertical call spread expired worthless and I logged a realized gain of $638.60 from the difference in the premiums I took in and paid out in mid-June. Since TLT…
Rolled SPY and FEZ Naked Puts
I just noticed that I haven’t made a trade in this account in nearly a month, since the June option expiration Friday. I didn’t believe it when I saw it and actually ran another activity download into Quicken to make sure I didn’t miss a trade. I knew I didn’t have much I wanted to…
SPY – 6 Month Chart
The chart below shows the daily prices for the past six months on SPY, an S&P 500 Index ETF, after closing the week at $207.31 on July 2, 2015. The trend line of higher lows that started in February wasn’t the only indicator that came into play this week. The 200-day moving average coincided with the trend line to provide a…
End of the Month Summary – June 2015
We reached the halfway point of the year in a weird spot. Stocks are basically flat for the year to date, but with some worrisome headlines messing with the mindset of investors. I don’t think the issues in Greece or Puerto Rico will be big enough to hurt the US stock market for more than…
Options Expiration – June 2015
I had another profitable options expiration in June. After making trades in each of the past three days, I added one more trade today to replace the only option contract I had not already dealt with earlier in the week. My only two sets of options left to expire today (10 TLT June $128 naked…