I didn’t have any options remaining for October by the time today’s expiration rolled around, so I’m taking the opportunity to give an update on my current positions.
My account value is up to $112,278.78. I have $26,990.78 in cash, which means I have roughly $32,500 in naked puts that I can’t cover with cash on hand. My DIS $100 put looks safer every day, while my DIS $110 covered call looks like it is on a path to be assigned next month. If DIS plays out like I expect and I close my SPY March ’16 $195 put, I’ll have more than enough cash to cover everything else if it’s all assigned.
That sounds nice and easy, but I doubt I’ll go the next month without making more adjustments. I like taking these snapshot views to get a feel for where I am to help me decide if I need to make changes sooner than later. For now, I think I’m doing fine with what I have. I’ll keep watching to see where I think I can make more money next.
| Contract | Position | Time Value
or Stock Price |
| DIS Nov20’15 100 PUT | -1 | $0.75 |
| DIS Nov20’15 110 CALL | -1 | $1.89 |
| IWM Nov20’15 118 CALLS | -3 | $1.08 |
| TLT Nov20’15 125 CALLS | -10 | $1.39 |
| FEZ Nov20’15 40 PUTS | -2 | $0.05 |
| TLT Dec18’15 126 CALLS | -10 | $1.80 |
| SPY Dec18’15 203 CALL | -1 | $4.65 |
| MDY Dec18’15 270 CALL | -1 | $2.20 |
| IWM Jan15’16 110 PUTS | -2 | $2.69 |
| SPY Mar18’16 195 PUT | -1 | $6.36 |
| IWM | 300 | $115.45 |
| MDY | 100 | $260.75 |
| SPY | 100 | $203.27 |
| DIS | 100 | $108.24 |