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 [...]
I’ve recently initiated several new short options positions, as well as closed out or adjusted a number of others. New positions include naked put options on a financial, a utility and an industrial stock, and covered calls against a long position in a natural gas partnership that lately seems able to move in only one [...]
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 [...]
I’ve recently sold some additional new naked put options and hope to detail them and some previous options sales soon. In the meantime I’ve also closed out or adjusted several existing naked put option positions, as detailed below: Closed/Adjusted positions: Chubb Corp. [[CB]] – On 9/8/10 I rolled out the October 50-strike put options I’d [...]
I recently initiated two new short put option positions – one in a bank stock that’s down almost 40% from its recent highs and the other in a volatility ETN (see details below) that’s likely to have a negative correlation to the market. The latter position could be expected to act opposite to, and as [...]
