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 [...]
I made a variety of options trades this week, even as the market firmed up and volatility declined. I initiated two new short options positions – I sold covered calls against a core long position in an energy pipeline company and naked puts against another oil driller (see details below). I also closed out several [...]
This week as the market bounced and volatility once again dropped back toward normal levels I made only one options trade. It was to adjust some covered call options on a losing position that I’m looking to weed out of my portfolio (see below). In the meantime I was intrigued by a post by Alex [...]
I sold more put options this past week as volatility spiked higher amidst fears of a “double dip” in the economy and as stocks experienced further weakness. The latter was accompanied by a chorus of technical pundits predicting much lower prices to come, but the truth is the technical picture will continue to look bad [...]
