Any month when I can beat the major indexes while accepting less risk is a good month. As in September, my TLT trade in October helped to juice my returns a little. Add in a good month for the S&P 500 and I was able to ride the wave to another positive month. My account…
Sold FEZ Covered Call ITM
I’ve been sitting on my 100 FEZ shares since my last FEZ covered call expired nearly 11 months ago. I’ve been in and out of it in my other account and never could get around to making a trade on it in this account. The main reason is that I wanted to wait for better…
Closed TLT December Naked Calls
Immediately after my order hit to sell my TLT naked calls, I entered another order to close the calls if/when TLT fell to $1.10. I chose $1.10 as my exit price because it was above the round $1.00 price that I thought might have heavier competition with orders and I’d finish the trade with slightly…
SPY Chart – 1 Year
The chart below shows the daily prices for SPY, an S&P 500 ETF, after closing the week at $294.35 on October 4, 2019. SPY has traded in a defined trading channel for the past year, except for the brief and harsh correction that hit stocks last December. Once stocks recovered from the panic selling, the…
Sold 3 More TLT Naked Calls
On the heels of my success trading TLT naked calls that I closed out last month, I came back for more today. A limit order I entered a few days ago triggered as TLT pushed higher in late morning trading. While TLT was trading at $143.77, I sold three TLT December $147 naked calls for…
Month End Summary – September 2019
September was a good month for my account, in large part due to the reversal of TLT, which allowed me to take a nice profit after having a paper loss at the end of August. The fact that the stock market did well in September as a whole helped me too. My account ended September…
Options Expiration – September 2019
I had a busier options expiration Friday yesterday than I’ve had in a long time. I had four options make it all the way to expiration and all four went in my favor. Two gave me a full profit and two gave me a partial profit. I’ve been rolling a lot of my options before…
Closed TLT Naked Calls For a Profit
I made over $600 in five weeks. That’s always fun, especially when I don’t put up any money to back the trade. When these trades work out, it’s a thing of financial beauty to sell call options on shares you don’t own (aka “naked”). That means I had no capital set aside to back the…
Month End Summary – August 2019
August wasn’t a good month for my account, but not too bad either. I lost money, so it wasn’t good. I didn’t lose much, so it wasn’t too bad. Half of my losses came from my naked TLT calls that expire in October and the part that hurts is I could’ve taken a $400 profit…