Every single one of my options closed with a profit this month. I’ve been overdue for a month like this, but it’s not a perfect ending since two of them finish a penny or two in the money and I didn’t buy them back. Also, a couple were covered calls I was ready to see…
Tag: CSX
Sold CSX and JPM Covered Calls
Both of these trades would’ve been better a few days ago when I first started planning them, but hopefully it’s better late than never. I started with CSX this morning. I have 100 shares long and one covered call expiring on Friday at the $22.50 strike which I didn’t bother buying back because I don’t…
Covered CSX
CSX has been sitting in my account, uncovered since I was assigned the shares back in August at $25.00. I was in no rush to sell covered calls on my 100 shares because I thought CSX had gotten too cheap and it was only 100 shares so it didn’t really do much for my account…
Options Expiration – August 2011
Not that it’s a surprise to anyone, but this is not a good options expiration Friday for my account. All of my naked puts finished in the money and all of my covered calls finished out of the money. These are the 11 options I was short going into the day. CSX – 1 August…
New Naked Puts on QCOM and CSX
I’ve mentioned a couple of times recently that I was considering QCOM as one of my next trades. I finally got around to it today. While QCOM was trading at $54.27 I sold one QCOM August $52.50 naked put for $1.80 and received $179.64 after commissions. I only sold one contract to start with and…
CSX Chart – March 25, 2011
I charted CSX Corp. ($CSX) this morning before the markets opened after it closed yesterday at $78.96. I missed getting in again at the recent low after my naked put expired last week. Now that it’s had a few days to run higher I’m wondering if I should wait a little bit longer. CSX has run back…
Sold CSX Naked Put for March
CSX is one of the stocks I’ve worked with a few times in the past year and I got drawn back to it again today. I might be a little early on pulling the trigger (actually I’m quite late in returning to it overall), but I don’t think the downside risk is too great if…
Options Expiration – January 2011
I have 10 options expiring today – seven puts and three calls. All 10 will finish above their strikes today which means I won’t be assigned any of the puts and all three covered calls will force the sale of my shares at the strike prices. Here’s the breakdown on each one: CSX – 1 naked put at…
Sold CSX Naked Put
I hate to miss out on selling volatility on days like today that have good spikes in fear so I went shopping this morning for some new positions. I entered limit orders for new naked puts on UCO, DVY, EEM and ITRI in case we get another leg lower in the next week or so. I have alerts…