Sometimes you have to accept that you were wrong. I accepted that a while ago on GS and FB, but not to the point of doing something about it until yesterday. A few days ago, I mentioned I was debating my next steps with FB and GS and I finally swallowed my pride and took…
Tag: FB
Options Expiration – November 2018
I made a shift a while ago from simply tracking the indexes through ETFs with options to trying to pick stocks with ETFs. I had some success with stock picking some years, but this year has not been one of those years. Part of that failure is due to picking these stocks at the wrong…
Sold FB Naked Call
I own 100 shares of FB that I bought when my naked put was assigned at $200 in August. I sold an October $180 covered call on that options expiration Friday and have seen FB sink further since then. I received $448.43 after commission for the October covered call and could buy it back for…
Options Expiration – August 2017
My Facebook ($FB) naked put was the only option I had left to expire today and it is expiring deep in the money. FB was trading at $217.63 less than a month ago when I sold my one FB August $200 naked put and received $179.38. This amount won’t show as a profit yet since…
Rolled FB Naked Put In and Up
I’ve used the phrase “out and up” when referring to rolling an option farther out on the calendar and up to a higher strike, but today I did something I almost never do. I rolled a September put to August and raised the strike, so it’s “in and up”. While FB was trading at $217.63,…
Rolled FB Naked Put to September
Patience in trading is hard to manage sometimes, but when we have patience, we can often squeeze out an extra few dollars from a trade. That’s what worked for me today. I saw the premium for my July Facebook option was getting close to worthless, I figured I should roll it out and up. (Out…
Options Expiration – May 2018
I had a mixed options expiration for May. While two of my naked puts finished with a full profit, the third contract lost more than I gained on the first two. My one IWM May $159 naked put expired worthless and since it wasn’t close to being assigned, I left it to devalue without closing…
Sold FB Naked Put for July Expiration
My one FB May $160 naked put is more than $25 out of the money and trading with a bid/ask of $0.02/0.03. I thought about buying it back as I rolled the contract out until July, but I opted to save $4 (including commission) and simply sell a new put rather than write this as…
Sold FB Naked Put
Facebook has taken a beating lately and I believe it might be a little overdone. Based on that belief, I sold a naked put on FB this afternoon. While FB was trading at $172.44, I sold one FB May $160 naked put for $4.25 and received $424.32 after paying $0.68 in commission. FB made it…