I only had one option left to expire today for the July monthly options expiration and it finished a few dollars out of the money. As my one IWM July $158 covered call expired worthless and gave me a realized gain of $240.32, I sold a new covered call on IWM. While IWM was trading…
Tag: IWM
Options Expiration – May 2019
Coming into today’s option expiration, I had three contracts set to expire. My only put was on MSFT at the $115 strike, around $14 out of the money. My IWM $158 strike covered call was out of the money by roughly $4 and my XLF covered call was only a nickel in the money. I…
Options Expiration – March 2019
I only had two options set to expire today. Both were covered calls and both were in the money. My IWM call was deeper in the money while my XLF covered call had a profit off and on during the afternoon. I started with my IWM call and then rolled my XLF calls. I don’t…
Sold March IWM Covered Call
Continuing with the plans I mentioned in a recent post, I sold an out of the money covered call on my 100 IWM shares this afternoon. While IWM was trading at $145.77, I sold one IWM $151 covered call for $2.15 and received $214.33 after paying $0.67 in commission. The contract had a bid/ask of…
Options Expiration – December 2018
I only had two options expire in December. Like most equity calls sold out of the money within the past couple of months, my IWM December $162 covered call finished far out of the money and I will have a realized gain on the trade of $153.33, the full premium I received on October 19….
Options Expiration – October 2018
My outlook is generally bullish year in and year out and that’s why I’m an investor. I know that stocks tend to go up most years, but the down years are brutal and that’s why I invest with options. This year I’ve missed a lot of upside from being too cautious and I missed some…
IWM Chart – One Year Ending October 5, 2018
The chart below shows the daily prices for the past year on IWM, the iShares ETF that tracks the Russell 2000 Small-Cap Index, after closing the week at $162.16 on October 5, 2018. Small-caps outperformed most indexes in the first half of this year because they were viewed as a safer alternative to large-cap stocks that…
Rolled IWM September Naked Put
Late last week, I entered a limit order to roll my IWM naked put that was set to expire in September. It was about $5 out of the money and didn’t have a large amount of time value left in it. Just before lunch today, while IWM was trading at $171.63, I bought to close…
Better Late Than Never – Rolling Naked Puts
I did today what I should’ve done days ago. I rolled three of my July naked puts. Actually, I didn’t roll them, but I did sell new ones to replace the ones that are about to expire worthless tomorrow, which is basically rolling them without bothering to close those puts far out of the money….