My account is at a high for the year and has some more room to move higher before next week’s options expiration. I have less than 1.5% to gain in my account over the next 5 2/3 months to hit my full year target. As I’ve been writing about for months, I’ve had a lot…
Tag: T
Sold T July Naked Puts
AT&T (T) got hammered yesterday after their disappointing earnings call. I thought the beating was a little bit of overkill and looked to the puts column for a path to profit. I expect the downside from the new lower levels to be somewhat limited based on the dividend yield. The forward dividend yield is 4.6%….
Profit Taking Tuesday
My new favorite type of order is a trailing stop. I only used it on one of my orders that hit today, but maybe I should’ve used it on all four since prices improved somewhat after my trade. A trailing stop works the same on option contracts as it does for a stock or ETF….
Options Expiration – October 2011
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…
Sold T Naked Puts
I decided to go bargain shopping yesterday and didn’t think I could handle the risks of most growth stocks quite yet. Instead I looked for an old dividend payer and came back to AT&T (T). T is down 10% from its early May high and this decline has pushed its dividend yield up to 6%. Admittedly, T’s…
Options Expiration – April 2010
After operating in a daze the past couple of weeks I happened to notice the date today and saw April options expire tomorrow. That got me to jump. I started looking at each of my expiring options (NDAQ, INTC, T, JPM and UCO) and making decisions on what to do. Here’s how I’ve started and plan…
Sold Naked Puts on ITRI and T
Since I made the decision to go back to my old trading model of splitting my account over the two front month options expiries I’ve increased my exposure a little each week. I still am not fully invested, but I’m almost there now. That’s going to change substantially in a few days when March expiration…
Options Expiration – October 2009
I had a good month to be short options. Every one of my short positions closed out of the money leaving me with a full profit on each one. I could’ve written higher strikes and made more money, but opted to go with out of the money naked puts for all of these except for EEM,…
Sold AT&T (T) Naked Puts
I’ve been planning this trade all week, ever since I charted it on Monday on my first day of working at AT&T (NYSE: T). T behaved just as I said it would. It came down from $26.21 to $25.01 (I said $25.00 looked like support) and turned back up. I saw it when it was…