I expected to come in with at least a few trades to kick the week off on Monday and Tuesday, but stayed patient in this account and watched the fluctuations. The two first trades I thought I was going to make were on TBT and DSX, but neither of the naked puts ended up being…
Tag: DSX
Options Expiration – December 2011
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…
Options Expiration – November 2011
Options expiration finished pretty good for me on a few positions, but really bad on a couple of others that wiped out my gains on the good ones and then some. This is how it shook out this month: UCO – 3 November 26 naked puts – Finished out of the money by a long…
Sold DSX Covered Calls
My DSX position was turning into a waste of capital for a little while, but I finally broke from my “wait and see” attitude and sold covered calls. I only have a little over $3,000 invested in DSX (after deducting premiums received, but still that’s no reason not to make it work for me. While…
Options Expiration – September 2011
September is a fairly light month for me on the options expiration front. I only have three options expiring – two puts and one covered call. SSO – September $45 Naked Put – I sold this put in late January when SSO was trading at $49.78. This morning while it was trading at $43.94 I…
Cleaning House – DSX and UUP
I’ve been waiting for Mr. Bernanke’s speech tomorrow morning before covering a lot of the stocks and ETFs I was assigned at last week’s option expiration. We could see a “sell on the news” (or lack of news) reaction, but I still want to see what happens before putting a ceiling on my potential profits….
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…
DSX – Added 3 Option Legs
My three Diana Shipping Inc. (DSX) puts were assigned to me on Friday when they expired in the money and I was forced to buy 300 shares today. I spent some time trying to decide what options to sell to go along with these 300 shares. I knew I was going to sell covered calls. I…
Options Expiration – June 2011
June wasn’t the prettiest options expiration I’ve had. My covered calls expired out of the money leaving me farther below my purchase price for the shares and my puts expired in the money. That’s basically the opposite of how I like it to roll out at expiration, so I’m adjusting my stance. I’m somewhat more…