I opened several new naked put option positions this week, one of which was a reaction to a surprise option assignment from last week’s option expiration. It turns out I was assigned the covered call options I’d sold against my long position in Realty Income (O) and my shares were called away. I didn’t particularly [...]
Another options expiration has come and gone, once again enabling me to bank some income in my accounts from selling naked put options (and a covered call). While the returns this time around were hardly spectacular (see below), they reflect the more conservative strategy I adopted late last year of selling further out-of-the-money and later-dated [...]
As the market continued to move higher this past week and as volatility – as measured by the VIX – approached 52-week lows, I bought back some more of my April-expiration naked put options that I’d originally sold last fall. They were now worth close to nothing and it made sense to take profits. I [...]
