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…
Tag: ITRI
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…
Sold ITRI June Covered Call
On Friday I pointed out my regret for not closing out my ITRI position when I had a chance to exit for a few bucks. That bit me a little harder this morning as ITRI fell deeper than Friday’s close. I didn’t wait very long this morning before trying to sell a covered call on…
Options Expiration – April 2011
I had short options on four different stocks/ETFs that expired today. All were profitable and I plan to work with all of them again for either May or June expiration options. My only April option that wasn’t profitable was QCOM and it was assigned a couple of days ago and has gained some ground since…
Opened ITRI Position, Again
Once again Itron, Inc. (ITRI) has called my name and I’ve answered. I mentioned yesterday that I was thinking about making this trade and today I put those thoughts into action. While ITRI was trading at $56.95 I sold one ITRI April $55 naked put for $1.80 and received $179.24 after commissions. This trade comes…
Dumped ITRI After Goldman Downgrade
I thought Itron (ITRI) was going to find some stability once the market righted itself, European worries eased and the risk trade came back on, but the reverse happened. ITRI fell hard with Goldman Sachs’ downgrade today. I saw it drop, but thought it could stabilize after the first 30 minutes. 20-25 minutes after that it…
Added Some Risk with ITRI and EEM
I mentioned on Friday that I needed to add some more exposure and took advantage of this morning’s extended slide to sell more naked puts. I started with Itron (ITRI). After I rolled my covered calls lower a week ago I started wondering if ITRI might be in a sweet spot where its downside was…
Added VXX Collar and Rolled ITRI Calls
I’ve been trying to decide what to do with my VXX position for weeks, if not months. Finally this weekend I figured out a plan that limited my downside and left a good bit of upside potential. I started off by looking at the cost of just buying puts for protection and then saw that…
Sold ITRI December Covered Calls
I bought back my Itron, Inc. (ITRI) October 60 covered calls on Friday, but waited until today to have access to the December options to sell new calls. I think ITRI is on the come back and so this time I aimed higher with my strike. While ITRI was trading at $62.46 this morning I sold…