Archive for June, 2010

New options trade: Sold put options on XOM

I’ve made a number of options trades in recent weeks – some to reduce risk, others to take advantage of new option selling opportunities resulting from increased volatility. This week I mostly (but not entirely) took a step back while waiting for the market to further tip its hand. At the same time I’ve been [...]

Options trades and expiration: MO, BKE, BAX & more

I made several options trades this week as option volatility continued to drop back down to more normal levels. Considering the possibility that this could be just a prelude to another spike higher, I elected to continue to selectively reduce risk in some of my existing short naked put option positions (see below) by adjusting [...]

Naked put options, covered calls on BP, RIG, DO, GMR, VZ & more

I made many options trades this week. Some were in existing positions to adjust risk – for example rolling out short options positions that were trading in-the-money, and otherwise generally replacing (or closing out) naked put option positions originally sold at low volatilities with new option positions trading at much higher volatilities. I also took [...]

Options trades: Naked puts on RIG, TEF & more

This week I continued to reduce risk and take profits in some existing naked put option positions while remaining ready to sell naked put options on new opportunities as they presented themselves. Thanks to continued market volatility and weakness, I’m beginning to see – for the first time in quite a while – some tempting [...]