The only option I had in my account that will expire today was one QQQ August $187 covered call. Knowing that it will expire worthless this afternoon (giving me a reduction of my average cost per share of $2.27), I sold a new covered call on my QQQ shares this morning. While QQQ was trading…
Sold TLT Naked Calls
Follow me on this trade at your own peril. I’ve done well selling TLT options a few times and I’ve done very poorly other times. Due to my losses caused by a margin call in one of my recent TLT attempts, I sold fewer calls this time. While TLT was trading at $142.34, I sold…
Month End Summary – July 2019
July was another positive month for the broader market, but I was still underinvested for the month and missed out on some more gains. I did have a gain, but not as much as I could’ve had. My account ended July with a Net Asset Value (NAV) of $93,287.57 according to Interactive Brokers (IB) after…
Sold QQQ September Naked Put
I delayed replacing my expired MSFT position from May and then I blinked and we’re at the end of July all of the sudden. Yesterday afternoon, I entered a limit order for a new QQQ naked put and wasn’t sure I wanted to add another 100 shares on top of the 100 I already have,…
Options Expiration – July 2019
I only had one option left to expire today for the July monthly options expiration and it finished a few dollars out of the money. As my one IWM July $158 covered call expired worthless and gave me a realized gain of $240.32, I sold a new covered call on IWM. While IWM was trading…
DIA YTD Chart
The chart below shows the daily prices for the year-to-date through July 5, 2019, for the Dow Jones Industrial Average ETF, after closing the week at $269.27. DIA moved higher quickly since bottoming at the beginning of June. The moving averages favor the bulls with DIA trading above its 10, 20, & 50-day moving averages….
Month End Summary – June 2019
June came back as a strong month for stocks after May’s disappointment. I didn’t replace my expired MSFT call from May and it cost me a little missed opportunity while the markets were rallying. My account ended June with a Net Asset Value (NAV) of $92,636.34 according to Interactive Brokers (IB) after ending May with…
Options Expiration – June 2019
I usually have more planned for June expiration, but was able to spread out the few option positions I have this summer. The only June contract I had in place today was on MDY and it was in the money slightly, but still gave me a profit. MDY was trading at $355.75 when I sold…
Month End Summary – May 2019
May wasn’t a good month for stocks, but I finally feel a tiny bit of relief for not being fully invested right now. I didn’t lose as much as the indexes, so that takes the sting away some. I’d rather have held a stock or option that gained value, but it’s better to be underinvested…