I only had two options expire today. The big one was on TLT where I have 10 TLT February $124 calls that will be assigned. I’ll be forced to sell 1,000 shares of TLT that I do not own at $124 while TLT finished the day at $131.01. My cost per share will be higher…
Tag: FEZ
Options Expiration – November 2015
It’s weird to think January options expiration is only eight weeks away. Before that, we had November’s expiration today. I came into today with four different options expiring, two on DIS, one on IWM and one on FEZ. I said I wouldn’t regret my DIS covered call two months ago at $110 if it was…
Rolled SPY and FEZ Naked Puts
I just noticed that I haven’t made a trade in this account in nearly a month, since the June option expiration Friday. I didn’t believe it when I saw it and actually ran another activity download into Quicken to make sure I didn’t miss a trade. I knew I didn’t have much I wanted to…
Options Expiration – May 2015
I’ve been looking forward to today’s expiration for a while. Today is the day I finally get to close my TLT shorts and realize the gain that’s been building up. I’ve taken some of the gains along the way through puts and calls that have expired worthless or that I rolled for a profit. It’s…
Sold FEZ Naked Puts for May
In my month end summary that I wrote a few days ago, I said that I was going to go shopping soon for some new trades. The one hole in my broad allocation was in international stocks, so I entered a limit order on FEZ for two naked puts. While FEZ was trading at $38.45…
Dumped FEZ
Europe has been showing signs of weakening for a while and I should’ve reacted quicker. This morning I capitulated and sold my 200 shares of FEZ for $37.10. I received $7,418.84 after paying $1.16 in commission. FEZ was up for the day and I thought I should cut my losses on an up day. I pulled…
Closed Some September Naked Puts
While FEZ was trading at $40.92, I bought to close my two FEZ September $40 naked puts for $0.10 each and paid $21.58 including $1.58 in commission. I entered this order late last week and it hit in the first three minutes of trading today. The same contract ended up trading as high as $0.20…
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…
Closed and Rolled Out of May
I mentioned yesterday that I had a couple of options I still needed to deal with for May expiration. I decided to move on both of them today instead of waiting for the end of the week and expiration, just in case something happened over the next few days that took away from the profits…