I skipped writing a monthly option expiration post last month because I had nothing expiring in September. YHOO, DIS and of course TLT prompted my update today. My easiest position to watch during the recent mini-correction was my YHOO October $33/35 short put spread. It expired today for a full profit of $245.67 with a few…
Tag: DIS
Dropped SPY Hedge & Exchanged AAPL for DIS Puts
I’ve been thinking about closing my SPY October $160/180 vertical put spread for more than a week. SPY recovered nicely from its recent decline and I didn’t feel like it was giving me the protection I wanted. With the long puts being nearly 10% out-of-the-money, I don’t think I was protecting much. I don’t expect to…
Options Expiration – August 2014
Sideways moving markets can be great for option sellers and can be somewhat boring sometimes too. Option sellers have the advantage of making a profit (or a reduced loss) in a sideways (or slightly down) market if the premiums were traded at the right time and strike. I haven’t made a trade this month because…
Updated DIS Naked Puts
More than a week ago, I entered a limit order to close my Disney (DIS) naked put for June. It was more than $5 out-0f-the-money (OTM) and was getting pretty cheap for as long as it had remaining before expiration. Finally, my order hit this morning. While DIS was trading at $84.01, I bought to…
Sold New DIS Naked Put
When I find a stock I like, I tend to stick with it for as long as it seems like it’s working. Disney (DIS) seems to be one of my favorite flavors still. It got a little ahead of itself and I decided not to chase it after I exited in late February. DIS was…
Closed DIS & SSO Naked Puts
I’d be a happy man if this year could continue acting the way it has started the year so far. My account is up and the market is essentially flat. If we don’t see a good correction, we need an extended sideways consolidation period at least. Some 5-7% mini-corrections sprinkled in will help keep volatility…
Sold New DIS Naked Puts
After writing my earlier post for my Ford naked puts, I left my desk for an appointment. By the time I got home to check how the day ended, I saw that the markets’ slide picked up some pace and along with it, Disney (DIS) fell deeper. As I’ve mentioned in a couple of earlier…
Closed Low-Premium Naked Puts
Today gave us another boring day for stocks. At the open, it looked like we might see a bounce off of yesterday’s drop, but it didn’t take the bears long to overtake the bulls again (or at least bring get them in check). Most of the day traded around breakeven for the S&P 500 and…
Rolled DIS Puts – Out and Up
I think I’m going to have to change the way I blog. This thought process has been building for a couple of months and today I figured I’d mention it. Since I started this blog, I’ve blogged my trades on the day I make the trade to prove I wasn’t making up trades that looked…