Simply Puts

This was August options expiration and as usual with an options expiration I was short a number of expiring naked put options positions. In this case all of the short put options expired well out-of-the-money (OTM) – in fact I could have taken the bulk of the profits many weeks ago but I elected to [...]

I initiated two new naked put option positions this past week even as the market edged higher and volatility continued to come in. The new short put option positions are both in stocks that were taken to the woodshed on earnings disappointments – one a retailer and the other a tobacco wholesaler (see details below). [...]