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Posted by Martin June 23, 2017

United Steel (X) trade adjustment

UPDATE: June 23, 2017   X is moving up (although I still believe that in the next ER they will miss badly again) but decided to roll my calls higher. In my previous trade (see below) I sold 18 strike puts to roll the calls up. Those puts were bought back for 0.05 debit today Continue reading →

Posted by Martin June 20, 2017

AGNC covered call (ROTH)

UPDATE: June 20, 2017 (TRADE CLOSED)   I didn’t expect to get early assigned on this but it just happened. At least, I do not have to wait until expiration to get assigned. Today, I bought back 100 shares of AGNC @ 22.50 a share.   This closes this trade cycle. I do not plan Continue reading →

Posted by Martin June 16, 2017

TECK strangle trade

UPDATE: June 16, 2017   Our July14 TECK 20.00 calls closed for 0.05 debit. Still holding the 16.00 puts. I am waiting a bit longer (about a week until expiration) and then attempt to roll the puts unless the stock recovers).   UPDATE: June 12, 2017    

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 June 15, 2017

TECK strangle trade #2

UPDATE: June 15, 2017   As calls got closed a few days ago and puts slipped in the money (ITM) I decided to roll puts down and sell new calls against it:   BTC 1 TECK Jun30 16.50 put STO 1 TECK Jun30 16.00 put STO 1 TECK Jun30 16.50 call @ 0.26 credit limit Continue reading →

Posted by Martin June 08, 2017

New Iron Condor using TECK in ROTH IRA

UPDATE: June 08, 2017   This morning, our call side of this Iron Condor has closed for 0.02 debit:   BTC 1 TECK Jun30 22.00 call @ 0.02 debit   We still hold the put side waiting for it to either end or be rolled.   ORIGINAL TRADE: May 22, 2017    

Posted by Martin June 02, 2017

My watch list for June 2017 options trading

Many people keep asking me what stocks I use to trade and how do I choose them. I try to explain to them that my stock selection is simple. I have a trade plan and part of the plan is also what stocks I want trade. Over the years I learned not to focus on Continue reading →

Posted by Martin June 01, 2017

May 2017 options income

May 2017 is over and it is time to report how we did with our options trading. My plan for April 2017 was to make $1,966.19 dollars of income. This month we weren’t able to reach the goal as we received only $1,475.59 dollars of option income. Overall, May 2017 showed us a stagnation in Continue reading →

Posted by Martin May 30, 2017

ESV – a trade which gives me a headache

Last year I opened a put trade against Ensco plc (ESV) stock. Back then, it looked like a no brainer trade. The trade provided a good premium and it seemed I would be out quickly. Since then the trade went south and I have a hard time to get out. Originally, I sold 11 strike Continue reading →

Posted by Martin May 25, 2017

Options Trade: TECK Iron Condor trade (ROTH IRA)

Opening another TECK Iron Condor in ROTH IRA:   BTO 1 TECK Jul7 14.00 put STO 1 TECK Jul7 16.00 put STO 1 TECK Jul7 21.00 call BTO 1 TECK Jul7 23.00 call   @ 0.35 credit limit   TECK @ 18.64   Trade executed at 0.35 (or $35) credit.   IV of the trade: Continue reading →