In my month end summary that I wrote a few days ago, I said that I was going to go shopping soon for some new trades. The one hole in my broad allocation was in international stocks, so I entered a limit order on FEZ for two naked puts. While FEZ was trading at $38.45…
End of the Month Summary – February 2015
February was a really good month for me, as it was for most investors. After the first couple of months of 2015, my returns are essentially in line with the large cap and small cap indexes and more than made up for the paper losses from January. I stopped my bleeding BABA position and I’m still…
Sold Covered Puts on TLT
I had a busy day yesterday and took some time after the market closed to rethink some of my positions and planned next moves. I stuck with my idea to give it a couple of days before adding more exposure after my flurry of trades yesterday, but came back to another idea I had been…
Selling, Buying, Opening, Closing Options
It’s always an interesting day when we see stocks and bonds both moving lower. The day started off pretty boring. Not a lot was moving and so I placed some orders and went out to run some errands. When I got back, not much had changed, but within a couple of minutes, my orders started…
Dumped BABA
BABA was one of the trades I try not to make, but talk myself into every few years. It sounded hot and promising, but was overvalued. It might have a fantastic future, but it still has too much unknown about it for now. After it was accused of selling counterfeit goods through its network of…
Options Expiration – February 2015
I have four different options expiring today on three separate underlying positions for another profitable options expiration. The first two options were easy and will close out my exposure to both of the underlying stocks. I had one BA February $135 put expire worthless and one FB February $72.50 put expire worthless. BA traded over…
Sold DIS and IWM Naked Puts for April
I had some time to look over my holdings yesterday and really think about what I wanted to do next. I only have two February puts expiring (FB and BA) and both are far out of the money. I also have 700 shares of TLT that I’m short with three more TLT February $130 calls I’m…
End of the Month Summary – January 2015
January wasn’t too bad. I lost money on paper, but I’m in the middle of the indexes’ losses and view my holdings as having much more upside potential. My account looked pretty good for most of the month, considering the broad based losses across the indexes. By the end of the month, TLT moved another…
Partial Early Option Assignment on TLT
I woke up to the following email from Interactive Brokers this morning: Notification of Option Assignment This communication serves to inform you that an assignment notice has been issued for the short option contracts held in [your account]. The email didn’t say which options were assigned, but I figured it was TLT since my calls…