The only option I had set to expire this week was my QQQ covered call. On Wednesday, when QQQ saw a $14 price swing intraday, I decided to get out of the option early. While QQQ was trading at $389.80, I bought to close my one QQQ December $385 covered call for $7.21 and paid…
Tag: QQQ
Sold QQQ Covered Call
On Friday, I thought QQQ’s resistance at its 50-day moving average might last more than one afternoon, so I entered a limit order to sell a covered call. Not being overly confident in that line of resistance, I used a strike fairly far out of the money. While QQQ was trading at $369.78, on its…
Options Expiration – February 2021
Coming into today’s option expiration, I only had one February option set to expire and it was in the money beyond the premium I received. While QQQ finished the week more than $7 beneath its high from just three days earlier, it wasn’t enough of a drop to turn my covered call into a profit….
Options Expiration – December 2020
I had two sets of options expire today – one on QQQ and five on TLT. My QQQ December $305 covered call moved in the money earlier this week after being nearly $40 out of the money less than two months ago. I loved regaining value on my share price, but I didn’t want to…
Sold QQQ Covered Call
After missing opportunities in late August to sell a covered call on my 100 QQQ shares, I finally pulled the trigger today after seeing QQQ recover most of its losses from the past month and a half. While QQQ was trading at $294.70, I sold one QQQ December $305 covered call for $10.76 and received…
Options Expiration – April 2020
I’m in a bit of a holding pattern until Monday so I can see how much my margin requirements change after my April options are assigned. I have one QQQ April $225 naked put that I’m down around $600 on as of mid-morning today. I’ll take that assignment and I’m trying to decide if I’ll…
Options Expiration – February 2020
The only option I had for today’s expiration was one QQQ February $223 naked put. It’s going to finish out of the money and give me a realized gain of $387.40. Knowing that it was safely out of the money on the final day, I sold a new QQQ naked put while prices were down….
Options Expiration – January 2020
I came into 2020 with a light load of equity exposure and that low percentage of my invested cash is only going lower today. I had three option contracts expire today and sold one new one. Two of my option contracts were on IWM where I had a strangle using an IWM January $160 naked…
Options Expiration – November 2019
I had three different options expire today. I could’ve rolled all three earlier, but opted to wait until today to see if anything new would change on the trend lines after stocks plateaued beginning late last week. The picture hasn’t gotten much clearer, but I opted to make my adjustments today anyway because I’d rather…