I expected the final monthly options expiration before the election to provide some volatility and we got a little, but not as much as I thought we might get. My only concern for this account today was how TLT behaved. My October options finished well out of the money. My five TLT October $155 covered…
Sold QQQ Covered Call
After missing opportunities in late August to sell a covered call on my 100 QQQ shares, I finally pulled the trigger today after seeing QQQ recover most of its losses from the past month and a half. While QQQ was trading at $294.70, I sold one QQQ December $305 covered call for $10.76 and received…
DIA Chart as of 10-02-20
The chart below shows the daily prices for the year-to-date through October 2, 2020, for the Dow Jones Industrial Average ETF, DIA, after closing the week at $276.80. DIA is trading more than five percent below its recent high from a month ago and 52 percent above its intraday low on March 23. The recent…
Month End Summary – September 2020
September wasn’t a good month for my account, but wasn’t as bad as the major indexes, so that’s something. In another rare move, I made no trades in this account in September, as I missed the opportunity to sell a QQQ covered call before the sell-off in Tech. The silver lining on QQQ is that…
Month End Summary – August 2020
August was an incredible month for my account thanks to the drop in TLT’s price and the rise in QQQ’s price. I’m still short 500 shares of TLT and have short options on both sides. I’m also long 100 shares of QQQ with no covered call. I’ve planned to sell a new covered call on…
Sold New TLT Naked Call Option
My plan was to sell five TLT naked calls at the same $170 strike I used in August. Instead, I sold three calls a few weeks ago and waited to see how TLT would behave for a few more weeks. TLT appears to be trending lower again, but still needs to break through support around…
Options Expiration – August 2020
I had two legs of options on TLT that expired worthless today. Both gave me a full profit. My two TLT August $170 naked calls finished with a realized gain of $403.36. My five TLT August $145 covered puts brought in $320.55 when I sold them, but I paid $190.90 in dividends in July and…
What is Swing Trading?
Swing trading’s popularity has steadily increased. It makes sense. People are consistently looking for viable ways to make extra income in their spare time. Swing trading presents an avenue and an opportunity to do just that. While day trading continues to get more attention, swing trading offers a few perks that day trading can’t offer….
Partially Rolled TLT Naked Calls
TLT has been trading above my naked calls strike off and on for the past couple of weeks. I thought it could be smart to remove some risk yesterday when TLT was trading above $172. I don’t think it’ll continue to trade at these levels too long, but the risk of being assigned another 500…