I closed my TLT August 129/132 vertical call spread for a profit today. While TLT was trading at $123.33, I bought my six short TLT August $129 calls for $0.14 and sold my six long TLT August $132 calls for $0.04. The net spread purchase was for $0.10 and I paid $72.71 including $12.71 in…
Author: Alex Fotopoulos
SPY Chart – July 7, 2017
The chart below shows the daily prices for the past three months on SPY, the SPDR ETF that tracks the S&P 500 Index, after closing the week at $242.11, on July 7, 2017. SPY retreated 2.0% from its intraday high of $245.01 set on June 9 before having a slight recovery and then dropping again. Even while setting a…
End of the Month Summary – June 2017
I eked out another small gain this past month. June wasn’t a stellar month for the S&P 500, but it gained 0.48%, which is good after the gains of the first five months. I finally got closer to being fully invested and have some decent gains I could make by the end of July and…
Wrote Naked Put on WMT
Walmart (WMT) took a sizeable step lower after AMZN made the offer to buy WFM last week. I thought the drop was overdone, so the following day, I entered a limit order to write a naked put on WMT. It took a few days for the order to hit, but it triggered today. While WMT…
Sold August TLT Vertical Call Spread
After a hiatus since my last TLT losses, I’m back in the 20-year treasury ETF with a better strategy. As I did when I first started trading TLT years ago, I hedged this trade so I don’t repeat the same idiotic mistake from last summer. The non-hedged income was great until TLT hit a new…
Closed UWM Naked Put
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,…
DIS and MDY Naked Puts
Coming into this coming Friday’s option expiration, I have two MDY June $290 naked puts left to expire. Being more than $9 out of the money, I opted to leave them in place and let them expire worthless. While I’m still nervous about what’s to come for the markets, I opted to sell one at…
XLF and MDY Option Trades
The ratio spread I had on MDY was almost worthless going into this coming Friday’s expiration, so I decided to sell my long put for a $10 gain instead of letting it expire completely worthless in a few days. While MDY was trading at $319.95, I sold my long MDY June $310 put for $0.13…
End of the Month Summary – May 2017
I pulled out another small gain in May and the broken record continues as I lament being under-invested still. On a positive note, I finally filed for divorce last month and it’ll be final in two weeks from today. I’ve held back on some of my personal investing as I’ve been distracted with filing paperwork,…