Follow me on this trade at your own peril. I’ve done well selling TLT options a few times and I’ve done very poorly other times. Due to my losses caused by a margin call in one of my recent TLT attempts, I sold fewer calls this time. While TLT was trading at $142.34, I sold…
Author: Alex Fotopoulos
Month End Summary – July 2019
July was another positive month for the broader market, but I was still underinvested for the month and missed out on some more gains. I did have a gain, but not as much as I could’ve had. My account ended July with a Net Asset Value (NAV) of $93,287.57 according to Interactive Brokers (IB) after…
Sold QQQ September Naked Put
I delayed replacing my expired MSFT position from May and then I blinked and we’re at the end of July all of the sudden. Yesterday afternoon, I entered a limit order for a new QQQ naked put and wasn’t sure I wanted to add another 100 shares on top of the 100 I already have,…
Options Expiration – July 2019
I only had one option left to expire today for the July monthly options expiration and it finished a few dollars out of the money. As my one IWM July $158 covered call expired worthless and gave me a realized gain of $240.32, I sold a new covered call on IWM. While IWM was trading…
DIA YTD Chart
The chart below shows the daily prices for the year-to-date through July 5, 2019, for the Dow Jones Industrial Average ETF, after closing the week at $269.27. DIA moved higher quickly since bottoming at the beginning of June. The moving averages favor the bulls with DIA trading above its 10, 20, & 50-day moving averages….
Month End Summary – June 2019
June came back as a strong month for stocks after May’s disappointment. I didn’t replace my expired MSFT call from May and it cost me a little missed opportunity while the markets were rallying. My account ended June with a Net Asset Value (NAV) of $92,636.34 according to Interactive Brokers (IB) after ending May with…
Options Expiration – June 2019
I usually have more planned for June expiration, but was able to spread out the few option positions I have this summer. The only June contract I had in place today was on MDY and it was in the money slightly, but still gave me a profit. MDY was trading at $355.75 when I sold…
Month End Summary – May 2019
May wasn’t a good month for stocks, but I finally feel a tiny bit of relief for not being fully invested right now. I didn’t lose as much as the indexes, so that takes the sting away some. I’d rather have held a stock or option that gained value, but it’s better to be underinvested…
QQQ Naked Put Assigned
I logged into my account this morning to see my QQQ June $191 naked put was assigned. QQQ was trading at $190.14 when I sold this put option at the end of April. At the end of trading yesterday, QQQ finished at $176.07. I’m sitting on a paper loss right now, but at least I…