WHAT WE DO? WE SELL OPTIONS FOR INCOME. WE USE THAT INCOME TO BUY DIVIDEND GROWTH STOCKS!
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Posted by Martin August 22, 2017

STO 3 TECK Sep8 22.00 put

Sold a new put trade today:   STO 3 TECK Sep8 22.00 put @ 0.15   TECK @ 24.00 IV @ 36.69% EM @ +/- 1.55 DTE 17   Legend: IV (implied volatility for this trade and expiration) EM (expected move or range of the stock in this time frame) DTE (days to expiration of Continue reading →

Posted by Martin July 03, 2017

TECK strangle trade

UPDATE: July 03, 2017 (TRADE CLOSED)   We closed our put side July 14th 16.00 puts for 0.08 debit. This closes the trade for a total profit of 0.70 or $70 premium. This represents the gain of 4.24% for the trade in 42 days or 36.87% annualized profit.   UPDATE: June 16, 2017   Our Continue reading →

Posted by Martin June 28, 2017

TECK strangle trade #2

UPDATE: June 28, 2017   We have 2 days to expiration for this trade and our put side just closed for 0.02 debit:   BTC 1 TECK Jun30 16.00 put @ 0.02 debit   We still hold our Jun30 16.50 calls but they are now in the money. I do not expect the stock to Continue reading →

Posted by Martin June 16, 2017

TECK strangle #3

UPDATE: June 16, 2017   When I was opening this trade I felt confident that this is a safe bet. Apparently not. Mr Market can be very challenging trying to take your money away. That’s why it is important to have a strategy for days when the market goes against you. And believe me, it Continue reading →

Posted by Martin April 25, 2017

TECK short strangle

UPDATE: Apr 25, 2017 BTC 1 TECK Apr28 24.00 call @ 0.02 debit The company reported earnings this morning before market opening. The stock tanked almost 6%. This was great for our remaining calls. We closed our call side of the trade this morning. As of now, we are out of the entire trade for Continue reading →