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 [...]
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). [...]
This past week I took profits in a couple of existing short put option positions – one in a Brazilian bank and the other an oil driller – as their remaining option premium had dropped to almost nothing (see below). I’m still short some later-dated naked put options in the oil driller – a major [...]
