October has been a good options expiration for me. Six out of seven positions are closing for a profit. NFLX – Bear $130/140 Call Spread – This one worked even better than planned. I could’ve been more aggressive, but am happy to have been able to ride this one to the end without stressing much…
Tag: QCOM
Sold Options on QCOM and BA
After taking option assignments on a few positions at August’s option expiration I’ve stayed long with no covered calls on any of my newly acquired stocks. That changed today. QCOM is getting close to my purchase price and while I still think it has room to climb from here, the premiums are rich enough that…
Options Expiration – August 2011
Not that it’s a surprise to anyone, but this is not a good options expiration Friday for my account. All of my naked puts finished in the money and all of my covered calls finished out of the money. These are the 11 options I was short going into the day. CSX – 1 August…
New Naked Puts on QCOM and CSX
I’ve mentioned a couple of times recently that I was considering QCOM as one of my next trades. I finally got around to it today. While QCOM was trading at $54.27 I sold one QCOM August $52.50 naked put for $1.80 and received $179.64 after commissions. I only sold one contract to start with and…
Options Expiration – May 2011
Two days after I posted my plans earlier this week for my expiring options Aflac (AFL) got spanked and lost 6% after issuing poor guidance. This morning I took an option assignment a day early on my AFL May $55 put and now have 100 shares in my account with no AFL options on either…
QCOM Option Assignment
I guess someone on the other side of my QCOM April 57.50 naked put contract got scared and decided to dump their shares on me while the markets sold off yesterday. I knew I was going to take the assignment by Friday afternoon since it was fairly deep in the money so this just gave…
Sold QCOM Naked Put
One of the changes I’ve made this year is to only sell half a position on my initial entry into a position and once again I’ve proven (I say this without pride) that seems to be the best approach in the current market. ITRI is getting spanked today as it’s down 3.7% as I write…
Closed QCOM and USO Calls for a Profit and Added to DIA Position
I literally waited until the last minute today to finish my trades for this options’ expiration. My USO and QCOM call options were my only two that were near their options’ strike giving me a profit to work with. I’m accepting all other option assignments as the come. I blew off work for the final…
Sold New QCOM Naked Puts, Again
My last QCOM naked puts expired worthless this past weekend. I waited a little more than two days to pick my new entry point. I still like the company and the stock’s 10 day moving average is just above 45 giving me a good strike to target. I also drew a trend line of higher…