Today gave us another boring day for stocks. At the open, it looked like we might see a bounce off of yesterday’s drop, but it didn’t take the bears long to overtake the bulls again (or at least bring get them in check). Most of the day traded around breakeven for the S&P 500 and…
Tag: IWM
Options Expiration – October 2013
This month’s options expiration was another easy one for me. I only had one option expire today and it was not even close. UWM is trading at $78.14 while I write this, meaning my two UWM October $52 puts will expire worthless and I’ll make a full profit. I could’ve made a lot more on the trade…
Rolled IWM Naked Puts to November
I keep feeling like I’m missing out on something since I haven’t been trading much over the past month and a half. The good news is that I haven’t missed out. My account balance grows when the market stays flat and when it moves higher. The surge in prices today got me to add some…
Options Expiration – July 2013
For as much money as I had in options expiring today, it was very quiet all week. The bulk of my options today were on UCO. The only one that wasn’t on UCO was on IWM. Here’s how they played out. I had three IWM July $95 naked puts that finished far out of the…
Moving Forward – IWM, DIS & T
My account is at a high for the year and has some more room to move higher before next week’s options expiration. I have less than 1.5% to gain in my account over the next 5 2/3 months to hit my full year target. As I’ve been writing about for months, I’ve had a lot…
Sold IWM July Naked Puts
I wasn’t planning for this trade to hit today when I entered it. My plan was to get an order in place to hit on any weakness over the next week. That weakness took about an hour to surface instead of a few days. I was in the process of changing a client’s position to…
Options Expiration – March 2013
This has to be one of the most boring quarterly options expiration days that I can remember. The market didn’t know what to do with itself after such a long rally and didn’t do much. The morning trade looked like it might finally turn into the start of a decent profit-taking day, but by the…
Closed 3 Puts & Opened 1 Naked Put
I’m a few days early for spring-cleaning, but my trades today kind of felt that way. I had a few positions that just needed to be dumped. They weren’t doing much for me and I saw no reason to keep them. I also saw an opportunity with EEM triggered a trade for me. I’ve been…
Sold IWM March Put Spread
I mentioned in a post at the end of last week that I planned to get back into IWM today. I almost decided not to since the small-cap ETF continued to climb and appeared ready to correct. Then I opted to change my approach and allow room for a correction or a continued small rally….