I had another profit taking day today. I did this a few weeks ago and saw the need to remove some risk today again since my upside on these puts was very limited. It’s not that I think we’re about to see a major sell off (probably some selling, but not beyond 4-5%), but that…
Tag: MDY
Sold MDY Feb Put Spreads
I’ve enjoyed 2013’s opening rally so much that I’ve just sat back and watched my account balance climb without adjusting much over the past three weeks. I don’t have an exciting portfolio right now, but I don’t invest for excitement. I invest to make money and that’s what I’ve been doing. I came into this…
Current Portfolio – February 11, 2011
I’ve intentionally not traded this week. Since I’ve been selling so many longer term options lately I thought I should take a step back, let the dust settle and see how (a little) time affects my current portfolio. With volatility currently so low compared to the past couple of years the option selling trades aren’t…
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…
Updating Trading Model
I’m tweaking my trading model a little bit for 2011 and started the shift today. I’ll be rolling this into my account gradually over the next few weeks (maybe longer). The short version is that instead of selling options only one to two months out I’m going to create a base of diversified index LEAPS (Long-Term…
Options Expiration – December 2010
I had a mixed options expiration for December with two of my options expiring while the underlying stock was trading above the strike and the other two finished below the strike. Here are the details: MDY December 145 naked put – This one finished far out of the money and allowed me to let it…
Sold MDY January Naked Put
I mentioned yesterday that I freed up some more cash from my exit from ITRI. After seeing the pitiful payroll data this morning I thought today would build into a steeper decline and then after I saw some support come back in I decided not to be so timid. Instead of adding another individual stock I…
Sold BA and MDY Naked Puts
As my VXX position continues to drop in value I continue falling behind the indices’ returns each day the markets move higher. While I don’t think they’ll continue this trajectory forever, I hate missing the ride while it lasts. With VXX still sitting there as my hedge in case of a reverse course for the market…