I came into today with two options left to expire for July. At the open, my order for ADI hit. While ADI was trading at $79.55, I bought to close my one ADI July $80 naked put for $0.39 and sold one ADI September $80 naked put for $3.24 and received $284.30 after paying $0.70…
Tag: IWM
Options Expiration – May 2017
My single expiring option for May finished in the money, so I decided to roll it out to July before taking the assignment. While IWM was trading at $136.43, I bought to close one IWM May $138 naked put and sold one IWM July $138 naked put and received $283.60 after paying $2.20 in commission…
Options Expiration – March 2017
The only option I had in my account that expired today was an IWM March $135 naked put. It’ll expired worthless and I left it rather than spending a $1 to close the position. I opened a new position to replace it. While IWM was trading at $138.42, I sold one IWM May $138 naked…
Sold March IWM Naked Put
As I mentioned yesterday in my post, I planned to sell an IWM naked put if the priced dropped a little today. The price didn’t drop and I wrote the put anyway. I decided the employment data and the bullish crossover of the 10-day moving average over the 20-day moving average was enough of a…
Options Expiration – December 2016
Today was the ex-dividend date for MDY and someone decided to assign my shares a day early so they could take advantage of the dividend. After closing at $104.69 yesterday, my one MDY December $290 covered call was assigned and I sold my 100 shares of MDY for $290.00 while I took a full profit…
Updates on TLT, IWM, and MDY Options
Last week I mentioned I was in the process of starting over with my allocation. I’m moving slowly, but moving forward nonetheless. At the open, when TLT was trading at $121.15, my limit order hit and I bought to close 500 short shares of TLT for $121.15 and bought to close five TLT December $131…
Options Expiration – September 2016
I had no September options left in my account to expire today, but finally sold a covered call on some of my long shares. I have 200 shares of IWM in my account, but decided to only sell one covered call today. I’ve had such a mental block against making this trade for so long…
Trades Prompted By Margin Call
I hate those days when I wake up to see a stock or ETF I’m short has jumped $2+ premarket. Today was another one of those days for TLT. I knew the risk of another margin call was close and had my plan of action in place. Since I had 300 shares of IWM I…
Taking Profits on IWM and SPY
As expected, stocks rose this morning and then faded. I expected the fade to come later in the day or maybe even tomorrow. When I saw sellers coming in to take over the bulls’ fun, I decided it was time to take some profits and start setting up my end of the year payout. I…