I only have a few options expiring today with mixed results. The rest of my portfolio is weighted to November’s expiration. If nothing drastic happens in the next few trading days, I’ll start working towards building up my options for December’s expiration and move deeper into potential margin, all the while hoping that any correction is…
Tag: ITRI
New Covered Calls on ITRI, AVAV, & CSX
I’ll admit I got a little excited about the prospects of a little rally this morning while I was long so many positions still open long without covered calls. That misplaced euphoria vanished quickly as the markets retreated. By noon I had already sold three covered calls and I’m still debating some others. While ITRI was…
Options Expiration – August 2010
Today’s option expiration finished somewhat differently than I thought it was going to as of a week ago. Here’s the breakdown of how it went down: VXX, two August 24 Puts – I’ll be assigned 200 shares of VXX on Monday morning. Instead of trying to roll these puts I sold covered calls on the shares…
June Options Expiration
I ended up making a few option trades today, but not exactly as I planned to yesterday. I started off this morning with CVS. I traded CVS a while ago and been waiting for another good entry point. They’ve been down on news of their “fight” with Walgreens. News came out that they appear to…
JPM Option Assignment
I’m actually surprised this didn’t happen sooner. My JPM June 48 naked put was more than $10 in the money as far back as May 20th. Finally the inevitable happened and option was exercised and I was forced to pay $48 per share for $100 shares of JPM, about $9.50 more than the current price. …
Options Expiration – May 2010
What started just a couple of weeks ago as an easy ride into expiration turned around on me very quickly, especially in the last few days before today’s relief. I’m still not sure what to think with where the markets are heading over the next week/month and so I started adjusting some of my positions today…
Sold New Naked Puts on ITRI & GES
After the markets closed yesterday I spent some time checking my exposure and noticed that although I was technically fully invested (if every naked put I’m short is assigned), I had some good cushions on a few of my naked put positions which made me feel like I could extend my resources a little farther. …
Sold Naked Puts on ITRI and T
Since I made the decision to go back to my old trading model of splitting my account over the two front month options expiries I’ve increased my exposure a little each week. I still am not fully invested, but I’m almost there now. That’s going to change substantially in a few days when March expiration…