My four QQQ August $133 naked puts were the only August option contracts I had remaining by today’s expiration. They’ll expire worthless and I’ll have a realized gain of $805.54, but that doesn’t include the loss I took on the long puts I bought as part of the original QQQ ratio spread. The long puts…
Tag: QQQ
Sold QQQ and AAPL Naked Puts
I’ve regretted not being invested in AAPL with every dollar it pushed higher for the past few months, but I stayed out with the expectation that it’d have a pull back offering a better opportunity. After missing the June and July mini-dips, I decided the stock was worth some risk because I expect any new…
Closed Half of QQQ Ratio Spread
Since I no longer think QQQ is going to drop much, if any, I decided to close my long puts on QQQ and keep the short puts. I’m exposing myself to a lot more risk by leaving the puts that I sold uncovered or matched with long puts, but don’t expect a selloff to take…
QQQ August Ratio Spread
Volatility is so low right now that it’s barely worth selling options. The NASDAQ Composite hit a record high again and I opted to sell a ratio spread on QQQ with the belief that QQQ will move slightly lower before expiration in August. If I’m wrong and QQQ climbs further, I still make a few…
Sold QQQ Naked Put
After waiting for many months, I realize I should’ve waited even longer before selling covered calls on my IWM and MDY shares. Both calls are trading in the money now. The good thing about that is I can start selling more naked puts with less risk of losing on every position when the market eventually…
Profit Taking: SSO and QQQ
I feel better about my IWM naked put trade from yesterday. I was scared the rise in the Japanese yen would kick off more algorithmic selling today as it did yesterday when the yen hit parity (1 to 1) with the US dollar. Instead, IWM is higher and I’m up more than $100 on my…
Options Expiration – April 2013
I came into today with only a couple of positions remaining. I closed my other April options over the past few weeks, mostly with poor timing. My AAPL bear put spread was a fantastic trade, except I closed it for a loss before the fantastic part worked itself out. I missed out on a nice…
New Approach with QQQ and AAPL
I’ve been eyeing puts on AAPL again for the past few days. If I had stuck with my strategy from last year and kept repeating it, I would have made up for my losses. Instead, I backed off and waited for AAPL to settle down. I don’t think it has settled yet and so I…