Idiot governors, such as my state’s Governor Kemp (Georgia), might make my trades today poorly timed. By opening up the state from our lockdown while cases are still trending higher, we can expect a sharp increase in COVID-19 cases again. That’s the general consensus, but the hope is that my fellow Georgia citizens are smarter…
Tag: TLT
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…
Sold 5 TLT Naked Calls
Those of you who have been reading my blog for a while know that I’m a fan of selling calls on TLT. The basis for my attraction to the bond ETF is that it’s volatile and tends to follow patterns. Most importantly, when it does reach new highs, it reverses away from these price spikes…
Closed TLT December Naked Calls
Immediately after my order hit to sell my TLT naked calls, I entered another order to close the calls if/when TLT fell to $1.10. I chose $1.10 as my exit price because it was above the round $1.00 price that I thought might have heavier competition with orders and I’d finish the trade with slightly…
Sold 3 More TLT Naked Calls
On the heels of my success trading TLT naked calls that I closed out last month, I came back for more today. A limit order I entered a few days ago triggered as TLT pushed higher in late morning trading. While TLT was trading at $143.77, I sold three TLT December $147 naked calls for…
Closed TLT Naked Calls For a Profit
I made over $600 in five weeks. That’s always fun, especially when I don’t put up any money to back the trade. When these trades work out, it’s a thing of financial beauty to sell call options on shares you don’t own (aka “naked”). That means I had no capital set aside to back the…
Sold TLT Naked Calls
Follow me on this trade at your own peril. I’ve done well selling TLT options a few times and I’ve done very poorly other times. Due to my losses caused by a margin call in one of my recent TLT attempts, I sold fewer calls this time. While TLT was trading at $142.34, I sold…
Options Expiration – March 2018
My March options were mixed. I took an early assignment on my WMT naked put as I wrote about yesterday. I’ll also take an assignment on my XLB March $63 naked put. In the positive column, I’ll take a full profit on my GS March $265 naked put to give me a realized gain of…
Option Trades on UUP and TLT
The last time I traded UUP I lost almost $279. That was in August 2011 and haven’t thought of the PowerShares DB US Dollar Bullish ETF since then enough to make another trade, until yesterday. I’ve been watching the US dollar lose ground and finally decided I should try to make a profit on it, but…