I missed opportunities through most of last week to roll my DIS naked put while DIS was below my strike, but I figured I’d gain more on the underlying stock’s growth through the intrinsic value than I’d lose in extrinsic value drop of the new option. Based on the way I ended up making the…
Author: Alex Fotopoulos
Sold TLT July Call Spread
After peaking at the end of May, TLT had been on a steady slide until last week when it finally found some footing and reversed course. I watched during the nearly two-week slide and wished I had sold more naked calls in May, but I kept holding back as I expected at least a little…
Rolled June IWM Naked Put to August
My account is getting to the point where I start to get nervous. I’ve already hit my goal for the year. My balance broke above $110,000 this morning and I’m worried a correction is due. On the other hand, we just saw a slight retracement in the indexes and thanks to my two hedges and…
End of the Month Summary – May 2015
I turned in another good month in May and improved on my lead over all the major indexes for the year-to-date again. NASDAQ is the only major index I’m trailing for the past 12 months. While the S&P 500 gained 1.1% in May, I gained 2.33%. Much of my gain came from my short TLT…
Options Expiration – May 2015
I’ve been looking forward to today’s expiration for a while. Today is the day I finally get to close my TLT shorts and realize the gain that’s been building up. I’ve taken some of the gains along the way through puts and calls that have expired worthless or that I rolled for a profit. It’s…
Sold TLT Naked Calls Again
When TLT started its steep decline last week I started to get comfortable with the idea that my short position would finally be closed at next week’s May option expiration. I’m short 700 shares of TLT and have covered puts at the May $128 strike and naked puts at the May $134 strike. While it’s possible for…
End of the Month Summary – April 2015
April was a good month for me. I came out much better than the broad indexes and owe most of that to TLT moving in my favor finally and a small amount to my couple of hedges that moved to a profit. I only have three option positions set to expire in May. Two of…
SPY Option Combination
The S&P 500 has pushed to new highs and once again brushed off its recent minor slump. After April’s option expiration, I was left under-invested and needed to get some more skin in the game. My account balance has still been growing, thanks to TLT, but I knew I was missing out on more gains…
Options Expiration – April 2015
After a few days of thinning my holdings this week, I came into options expiration day with only one April option position remaining. My three TLT April $134 calls will expire worthless, about $2.60 out of the money. This trade gives me a realized gain of $312.99. I mentioned yesterday that I planned to sell…