I only had one option expire today. It was in my old account and worked out as I hoped it would with an assignment just in the money. I’ll be assigned my one DIS February $110 covered call and will sell my 100 shares of DIS at $110. I bought these 100 shares after being…
Author: Alex Fotopoulos
Sold March IWM Naked Put
As I mentioned yesterday in my post, I planned to sell an IWM naked put if the priced dropped a little today. The price didn’t drop and I wrote the put anyway. I decided the employment data and the bullish crossover of the 10-day moving average over the 20-day moving average was enough of a…
Sold MDY Put Option Combination
I made the first trade in my new account that was funded today. I bought an MDY put and sold 2 different MDY puts at a lower strike to pay for the long put. While MDY was trading at $306.01, I bought to open one MDY $305 put for $11.05 and sold two MDY $290…
End of the Month Summary – January 2017
With my account in limbo during my transition to a new account, January was a bland month for my investments. That’ll change in February. Still, I managed to pull out a little gain thanks to my only position being Disney (DIS). I started the month by pulling out $75,000 to move to my new individual…
How to Use My Naked Puts Spreadsheet
I posted a new video this afternoon on how to use my naked puts spreadsheet. This spreadsheet compares naked put option choices. My videos will show this spreadsheet whenever I write naked puts and figured it made sense to get this explanation out there before I start posting actual trade videos. Hopefully, I’ll get my first…
What is an Option?
I posted my first YouTube video this morning. You can view it below or directly on my new YouTube channel. It’s not really catered to regular My Trader’s Journal readers since you all know these basic points, but I figured I should start with a high-level overview of options trading and single contract puts and…
Options Expiration – January 2017
I had no options expire on Friday, but did find the time to open my new account with Interactive Brokers on Friday so I can get back to regular trading with a full balance again. I mailed my check for the new account in Friday afternoon’s mail, so it should get to IB by tomorrow…
Sold DIS Covered Call for February
Disney ($DIS) is the only stock I have in my account right now and have been trying to decide if I should exit with a loss or hold on for a gain. I chose the latter and plan to make this work through a covered call. While DIS was trading at $109.30, I sold one…
Dow Jones Chart – January 6, 2017
The chart below shows the daily prices for the past three months on the Dow Jones Industrial Average (aka $DJIA, $INDU, $DJI) after the index closed for the week at 19,963.80 on Friday, January 6, 2017. The Dow has gained almost 9% since the election as animal spirits took over trader sentiment for a month and…