Due to other projects I’ve had little time in recent months to spend in the markets apart from placing limit orders to sell below-the-market put options (adjusted to reflect the recent price action of the underlying stocks) as I do on most days prior to the opening. I then check back later, or after the [...]
No surprise that this month’s options expiration was a profitable one. You couldn’t ask for a more perfect scenario after selling naked put options than a rising market and falling volatility, which has been the case now for the last few months. I had the following short March put options expire out of the money [...]
Since last fall, a rising market and a falling VIX have had me focusing on other matters while my short put options positions have been mostly taking care of themselves (that is, shrinking in value, expiring worthless, and increasing my account’s bottom line). And while most of the risk adjustments I made back in August [...]
I’ve made many new options trades recently (see below) as the market has continued to drop and as volatility has continued to rise. With the market looking like it could go lower, risk reduction was my top priority and most of the trades reflect that. Typically this has meant buying back deep in-the-money options (intrinsic [...]
This month’s options expiration was unexciting as far as my short options positions were concerned, which is a good thing. All of my short naked put options expired comfortably out-of-the-money (OTM), allowing me to book profits on the option premiums I collected when I originally sold the options (see details below). I also adjusted an [...]
