Sometime last week or the week before, I entered a limit order to take a profit on my UWM naked put. While UWM was trading at $121.05, I bought to close one UWM July $100 naked put for $0.35 and paid $35.34 including $0.34 in commission. At $0.35, I had only 0.34% of upside potential,…
Tag: UWM
UWM – July Naked Put
While UWM was trading at $109.90, I sold one UWM July $100 naked put for $4.30 and received $429.75 after paying $0.25 in commission. I just realized I didn’t address in the video why I sold the July expiration. The nearer-term expirations didn’t offer enough of a premium to make it worth the trade and…
Updates on MDY, TLT and UWM Short Options
I cancelled my limit order to roll my MDY March $165 naked put before the Fed’s announcement yesterday afternoon. I decided I would try to wait for an opportunity on an MDY dip post announcement to sell a new MDY put and possibly let the March put run until expiration for the last two and…
Sold April UWM Naked Puts
I mentioned in my last post that I had a limit order in play for new UWM naked puts. It took all of two and a half minutes of trading today for that order to hit. While UWM was trading at $87.13, I sold two UWM April $75 naked puts for $2.70 each and received…
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…
Rolled UWM Naked Puts
I’ve been watching UWM as the Russell 2000 index worked through its decline. Before today, I had two UWM October $75 puts and two UWM October $73 puts. I sold these puts when the strikes were far out-of-the-money in June and July respectfully. Yesterday, the $75 strike puts moved in-the-money and today the $73 strike…
More UWM Naked Puts
When six of my UWM July puts expired (four short, two long) last week, I mentioned my attempt to sell some August $75 naked puts. The order didn’t hit and I didn’t go after it again during yesterday’s dip. Maybe I should have because the small cap index gapped higher today. At the same time,…
Options Expiration – July 2014
I’ve been using a steady plan of dumping far out-0f-the-money (OTM) naked puts once they got cheap enough and was planning to stick to that with my July UWM positions. Instead, UWM moved so much higher so quickly, that I didn’t react when the option prices first dropped and then I figured they were so…
Rolled Part of UWM Position
Coming into today, I had options on four different UWM July strikes, three of them short and one long as a hedge. I was long two UWM July $75 puts and still am. I was short two UWM July $70, $71 and $77 puts. I kept the $71 and $77 naked puts, but rolled the…