My two November options expired worthless today giving me a full profit on the trades. My TLT November $140 covered put was trading was more than $8 out of the money and my ABNB was almost $47 out of the money. ABNB was down roughly $7.50 today and I was still that far out of…
Tag: IWM
Options Expiration – July 2020
Today’s options expiration decision making took me about three seconds. I only have one option left for July expiration, my one IWM July $123 naked put. It’s more than $23 out of the money and expiring worthless to give me a realized gain of $803.34. IWM was trading at $124.52 when I made the trade…
Options Expiration – May 2020
I only had one option contract remaining today for May options expiration. My one IWM May $110 naked put will finish nearly $15 out of the money. Yesterday was the closest IWM traded to my strike for the past month, but was still more than $7 out of the money. I could’ve rolled the put…
IWM – 5 Year Chart
The chart below shows the weekly prices for IWM, an ETF that tracks the Russell 2000 small-cap index, after closing the week at $104.62 on April 3, 2020. Most charts have an easily recognizable pattern when I look at them. Due to the recent carnage in the markets, I had to zoom out to a…
Sold an IWM Naked Put
I felt like I was in the catbird seat watching stocks fall over the past few weeks. I only had one naked put on QQQ and five naked calls on TLT. Both are in the money and likely to be assigned, but even if these options are assigned, I still have a lot of dry…
Options Expiration – January 2020
I came into 2020 with a light load of equity exposure and that low percentage of my invested cash is only going lower today. I had three option contracts expire today and sold one new one. Two of my option contracts were on IWM where I had a strangle using an IWM January $160 naked…
Sold IWM Naked Put for January
I’ve been sitting on too much cash since the last monthly options expiration and finally decided to put some of that cash to work today. I didn’t like much of what I could see available in the options world while volatility is so low. Eventually, I opted for a naked put on the small-cap ETF,…
Options Expiration – November 2019
I had three different options expire today. I could’ve rolled all three earlier, but opted to wait until today to see if anything new would change on the trend lines after stocks plateaued beginning late last week. The picture hasn’t gotten much clearer, but I opted to make my adjustments today anyway because I’d rather…
Options Expiration – September 2019
I had a busier options expiration Friday yesterday than I’ve had in a long time. I had four options make it all the way to expiration and all four went in my favor. Two gave me a full profit and two gave me a partial profit. I’ve been rolling a lot of my options before…