This seemed like a very low-key expiration day, but I freed-up a lot of cash today. Now, I have to figure out what my next move is. Small-cap and mid-cap stocks have melted higher over the past few days, but larger stocks have flattened out or drifted lower recently. This doesn’t give a lot of…
Tag: IWM
Options Expiration – January 2013
I started this year completely different than last year. I was under invested coming into January in 2012. This year, I came in with some margin risk at play. I worked it right this time. Stocks have had a nice run up and I’m profiting from it, so far. I had already cleaned up a…
Sold February IWM Covered Calls
I mentioned in yesterday’s post that I needed some more cash flow for February options expiration and could probably use some covered calls on my small cap ETF, IWM. I was able to knock out both of those needs with a single limit order. Yesterday afternoon, I entered an order well above the bid/ask with the…
Options Expiration – January 2011
I have 10 options expiring today – seven puts and three calls. All 10 will finish above their strikes today which means I won’t be assigned any of the puts and all three covered calls will force the sale of my shares at the strike prices. Here’s the breakdown on each one: CSX – 1 naked put at…
Rolled IWM Naked Puts
As the market continues to edge higher my naked puts continue to move farther out of the money and drop substantially in value. Today I simply sorted my positions by ask price from lowest to highest to see what I should consider buying back and selling another contract farther out on the calendar (aka rolling). …
Sold IWM December Naked Put
I was surprised when I downloaded my past few days account activity this morning. While I was only expecting dividends to trickle in I saw that my INTC November 19 covered calls were assigned on Tuesday. I sold 300 shares of INTC at $19 and took a realized loss of around $600 after discounting the premiums and dividends…
Closed IWM July 52 Naked Put
I’ve been cutting it close on my IWM naked put ever since I sold it on June 18th at $2.60 and took in $249.25. As the Russell 2000 started to edge up yesterday I thought I should try to get out and possibly sell a lower strike for August. At the end of the day yesterday when…
Sold IWM July 52 Naked Put
As I’ve sat on the sidelines with most of my cash idle for the past few months I’ve missed out on a lot of the rally. I decided I should make an attempt at putting a little more money at risk. I’ve made a few individual stock trades, but wanted more exposure still. Since I…