Today had to be a day for the bulls after Europe made a big step in getting their act together and GDP came in at 2.5% for the third quarter. I saw the first 30 points in the S&P 500 and thought it was nice and was curious if it would hold. We sent sideways…
Tag: AFL
Sold New AFL Naked Puts
AFLAC, Inc ($AFL) has been on a nice run since it bottomed out recently. Sadly, not far from the bottom I sold covered calls at the $36 strike for November only to see AFL run up past $36 and send these covered calls in the money. I thought about buying them back, but decided to…
Cutting Losses
Yesterday I mentioned that I didn’t think we’d get a bounce today. However, I didn’t expect such a massive sell off. If I dreamed it was going to be like this I would’ve made today’s trades a lot earlier. I started with selling lower covered calls on Aflac (AFL). I thought about just dumping the…
Sold AFL Covered Calls
This week has been busy for me. I had a lot of option expire for clients last Friday and spent some time in the first part of the week repositioning their holdings and by the second half of the week I was glued to the Tour de France. I know, not a money maker for…
Options Expiration – July 2011
Options expiration was mixed again for me this month. I only had four options expire today on three underlying stocks/ETFs – UWM, UCO and AFL. Starting with the good, two of my naked puts expired worthless. On the other side one of my naked puts expired in the money which also left the covered call…
Sold AFL Option Straddle
I mentioned on Friday that I was going to be assigned 100 shares of AFLAC Inc (AFL). Those hit my account this morning and I waited about an hour before deciding that I should go ahead and sell the option straddle I was considering. After I planted the seed in my mind last week AFL…
Options Expiration – May 2011
Two days after I posted my plans earlier this week for my expiring options Aflac (AFL) got spanked and lost 6% after issuing poor guidance. This morning I took an option assignment a day early on my AFL May $55 put and now have 100 shares in my account with no AFL options on either…
Back Into AFL With Naked Puts
This week is still enjoyable to me. With the markets falling I’m finding some buying opportunities or more accurately, option selling opportunities. This morning’s choice was AFLAC, Inc (AFL) again. After I closed my December AFL naked puts for a profit I watched AFL take off without me aboard. I’ve been waiting for a dip…
Options Expiration – December 2010
I had a mixed options expiration for December with two of my options expiring while the underlying stock was trading above the strike and the other two finished below the strike. Here are the details: MDY December 145 naked put – This one finished far out of the money and allowed me to let it…