This past week I initiated a new short options position by selling put options in a Canadian energy stock (see below). I also recently bought back a number of April- and May-expiration put options that I’d sold last fall whose premiums had since fallen to levels where they were worth next to nothing. It [...]
This was February options expiration and yet another “payday” of income generated from selling naked put options.
I sold more put options this week as opportunities presented themselves as the market fell sharply and volatility expanded. The sell-off so far appears to be a well-deserved correction – one that’s going about doing its job of scaring market participants quite effectively.
Many individual stocks are at or fast approaching intermediate-term oversold [...]
