As someone who prefers to sell puts into stock pullbacks, I haven’t been presented with many opportunities lately. So I welcomed the market’s recent weakness (which may or may not portend the start of a more significant downturn) and used it to initiate the following short put and call positions:
Bank of Montreal (BMO: [...]
This past week was September options expiration and I had the following options positions expiring:
Ameren (AEE: 28.65 +0.67%, yld: 5.41%) – The September 25-strike puts I sold against AEE on 2/24/09 as part of a defensive strategy to address losses in my long position in the stock expired out-of-the-money (OTM) for a 7-month net return [...]
As the market has continued to move higher, most of my watchlist stocks have moved farther away from the prices/valuations that I’m willing to pay for them. As a result, I’m continuing to mostly avoid selling shorter-term near-to-the-money put options in favor of longer-term options at strike prices farther out of the money. Here [...]
