Opportunities to sell put options have been getting harder to find in recent weeks as the market has continued to move higher and volatility has dropped back to April 2010 levels. Selling cheap options against expensive stocks doesn’t appeal to me, so instead I’ve been mostly adjusting positions and selectively buying back some put options [...]
I initiated several new naked put option positions in the last several weeks, had another expire out-of-the-money (OTM), and had two stocks called away when my covered calls were assigned. I also adjusted or closed out several options positions, including taking a loss in a naked put position in the VXX volatility ETN that was [...]
October options expiration proved profitable, although anticlimactic, as I closed the books on several more naked put option positions I initiated earlier this year (see details below). The put options I’d shorted were all well out of the money – and the option premiums long gone – by the time options expiration rolled around, so [...]
This week was another options expiration and another “payday” as I collected premiums on expiring naked put options that I’d sold earlier this year. I also recently initiated some new naked put option sales – in the technology and financial sectors – which I’ll detail in another post when I have more time. In terms [...]
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 [...]
