I might have gotten a little trigger happy today. My limit orders weren’t hitting, so I reduced a few of them and two hit 30-40 minutes later.
CELG – I sold one April 55 naked put (LQHPK) and received $239.25 after commissions.
DIS – I sold three April 32.50 naked puts (DISPZ) and received $302.75 after commissions.
I think I got both of these ideas from Barron’s. That brings my premiums received this week over $1000 which gives me some cushion should one or two of these finish ITM. AAPL made a big rebound today, which proves (for now) I should have stuck with my original instinct with it and kept my naked put.
I have a few more limits out there, but most of them are far from hitting unless the VIX goes up and those stocks go down. I missed a good opportunity to sell naked calls on VIP to help balance my VIP naked puts, but I’m still chasing it. I’m way OTM with it, April 45. I won’t be upset if it doesn’t hit as long as I make money on my April 35 puts.
Stay long in AAPL and write covered calls…it’s a winner over 18 mos…
I had agreed with you and also wrote the naked puts. It seemed to be in a trading range and to take advantage I sold covered calls into the strength yesterday and bought back my puts locking in 80% profit.
This won’t be my last visit with AAPL. Today was a good day, it dropped and I wasn’t in it. That gives me a better entry point which I’ll probably get back on fairly soon.
Nice job on taking the profit on the right day JGoldstein.
it’s nice to see other folks comment these days, a few more than last year, definitely worth following your trade journal. again, i have hopes trading options, as i cash out nearly each day, which is soothing with the large market swings.
I agree on the extra comments. I think it adds a lot for all of us to learn from each other.