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Posted by Martin October 30, 2016

GME – fixing a deep in the money put trade

Recently, in our trading group on Facebook, a trader asked a question:   “Whats your suggestion to manage my GME Short 3 Jan20 31 put @5.65. GME Trading now @23.8”   I posted my answer to that question but then realized that my answer was just a part of the overall fix of this trade. Continue reading →

Trade close – Franklin Resources Inc. (BEN) put selling for profit 2.15% and GameStop Corp. (GME) put selling for profit 5.69%

Trade close - Franklin Resources Inc. (BEN) put selling for profit 2.15% and GameStop Corp. (GME) put selling for profit 5.69%

As I mentioned in my post on Friday, I was expecting two more trades to close soon as they would get closer to becoming worthless. It happened today! On Friday last week, my put selling trade against LINE lost value to $0.05 per contract, so I could buy it back (for free) and keep the Continue reading →

The best trade ever

The best trade ever

My yesterday’s trade finished today with full profit. I managed to keep the entire premium I collected and the option against GameStop (GME) expired worthless. Although there were many doubts out there whether GME is a good stock to own or not I trusted my sense and expectations when opening the trade. Of course, I Continue reading →

New Trade: SELL MAY4 14 PUTS on GME (weeklys)

New Trade: SELL MAY4 14 PUTS on GME (weeklys)

This morning I entered another trade against GameStop (GME). It was a bit speculative trade and a source of either a quick profit or a big burn. Today after market close GME reported 1Q results and I took a risk of being burnt if the company reported disappointing results. This trade will expire tomorrow, so Continue reading →

Trade exit – Gamestop (GME) put selling buyback (2.29% profit)

At the beginning of March, on March 13 to be exact, I sold a put contract against GameStop (GME) with 34 strike and April expiration. You can read a previous post about this trade in this location. Today the contract became worthless and I could buy it back for 5 dollars a contract without paying Continue reading →

New Trades (GME, GLW, O, TASR) put selling – closing trades and opening new for average 8% profit

New Trades (GME, GLW, O, TASR) put selling - closing trades and opening new for average 8% profit

During March I made a few more trades which I haven’t reported due to lack of time. I decided to close a trade against Realty Income (O) where the option was traded at 0.05 per contract, so I bought the put option back. The return on investment for this trade was 8.58% ($316.00). This trade Continue reading →