I closed out two sets of April options this morning with limit orders as the market moved higher. My XOM April $85/90 put spread was down more than $250 not long ago, but I let it run in case oil recovered by the end of this week. I sold the spread for $192.81 (net after commission)…
Tag: SSO
Selling, Buying, Opening, Closing Options
It’s always an interesting day when we see stocks and bonds both moving lower. The day started off pretty boring. Not a lot was moving and so I placed some orders and went out to run some errands. When I got back, not much had changed, but within a couple of minutes, my orders started…
Options Expiration – January 2015
I had more option contracts make it all of the way to today’s expiration than I’ve had in a very long time. Coming into the day, I had one DIS January $90 naked put ($285.51 profit), two UWM January $73 naked puts ($1,160.09 profit), two UWM January $75 naked puts ($1,598.24 profit), one BABA January $110 naked put…
Options Expiration – November 2014
I only had one option for today’s expiration and it wasn’t even close. BA made it over $133 today and only eased off a little in the afternoon. Still, my BA November $125 naked put wasn’t anywhere close to being assigned. I’ll take a full profit of $339.20 and will regret not rolling it higher earlier….
Closed DIS & SSO Naked Puts
I’d be a happy man if this year could continue acting the way it has started the year so far. My account is up and the market is essentially flat. If we don’t see a good correction, we need an extended sideways consolidation period at least. Some 5-7% mini-corrections sprinkled in will help keep volatility…
Rolled My Leveraged Naked Puts
I had two different January leveraged ETF puts going into today that had limited upside potential. The downside risk was still there in case a black swan event hit. So, I thought I should roll these out and up with diagonal spreads to increase my potential profit in the coming months. The underlying ETFs were…
Taking Profits: SSO & QCOM
It’s getting harder and harder for me to find trades I want to make. The best trades I saw today were to close a couple of my aging options that had little value left in them. I’ll try to add in more exposure soon, but don’t want to buy something just for the sake of…
Rolled SSO Naked Puts
I started playing with this order yesterday, but didn’t want to move my SSO put strikes higher until the rally took at least one step backward. The S&P 500 had moved higher for nearly two weeks and volatility plummeted during that rise. The trend took a break today. Although my SSO December $78 and $80…
Riding the Trend with SSO
Yesterday, I mentioned my waning concern on Syria’s influence on the US stock market over the coming months. News today proved that theory correct, kind of. Thanks to Russia’s announcement to intervene, the threat of our attack diminished and stocks advanced further. I was correct that stocks would advance, however I figured it would happen…