Going into today’s 2:00 pm Fed rate decision, I expected a quarter point rate hike, as did practically all of Wall Street. They telegraphed it very clearly and did not disappoint. I entered a limit order for an MDY naked put at the money on the high side of the fairly wide bid/ask prices. My…
Tag: MDY
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 – December 2015
Today’s option expiration was easy. It wasn’t fun, but was certainly easy since I didn’t have to do anything outside of see my balance drop again. I thought my SPY covered call might get assigned by the end of the week, but it didn’t. I had one of my clients in the same position and…
Sold SPY & MDY December Covered Calls
I’ve enjoyed the rally over the past week and the fact that my account balance is back to within about 2% of my highs of the year. Since we’ve just had a strong multi-day bounce off the recent lows, I figured that we didn’t have too much more upside in the immediate future. I started looking for…
Options Expiration – September 2015
I had three options expire today. Two of the three options will be assigned and one finished with a full profit. My one SPY September $215 put finished deep in the money, as did my one MDY September $280 put. My paper loss on these two puts was reduced more than a third by my 10…
Options Expiration – June 2015
I had another profitable options expiration in June. After making trades in each of the past three days, I added one more trade today to replace the only option contract I had not already dealt with earlier in the week. My only two sets of options left to expire today (10 TLT June $128 naked…
Options Expiration – March 2015
I only had two options left by today’s expiration and both expired worthless. My one MDY March $165 naked put was nearly $15 out of the money by today’s close. Knowing that it had a very small chance of being assigned, I sold a new MDY put to replace it a couple of days ago at…
Updates on MDY, TLT and UWM Short Options
I cancelled my limit order to roll my MDY March $165 naked put before the Fed’s announcement yesterday afternoon. I decided I would try to wait for an opportunity on an MDY dip post announcement to sell a new MDY put and possibly let the March put run until expiration for the last two and…
Options Expiration – December 2014
What a difference a week can make! Coming into this week, I had one option remaining to expire in December. My lone MDY $265 put was deep in the money as MDY closed last Friday at$255.71. I would’ve had a loss on the option contact if I had bought it back at the time. I…