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Posted by Martin April 27, 2017

ETE triple play – dividend capture trade

UPDATE: Apr 27, 2017   Tomorrow is expiration day for this trade. The stock (ETE) is hoovering around $19.00 a share (yesterday, it was at around $19.50 and as of now it is at $18.90 +/-).   If the stock stays above $19.00 a share, the put options will expire worthless and we will wait 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 →

Posted by Martin April 21, 2017

AGNC covered call (ROTH)

In my ROTH IRA account I own over 166 shares of AGNC stock. It is not a very good stock for trading options as there is no volume, no premiums, no interest. Yet I was thinking how to utilize my amount of shares to trade options against this underlying. Since I have now an experience Continue reading →

Posted by Martin April 17, 2017

New STX strangle trade

Trading strangles can be very profitable trade if done correctly. Trading strangles during company earnings can be even more profitable. But is can also be quite dangerous. I am posting a new trade for you all to watch, follow or paper trade.

Posted by Martin April 17, 2017

Trading Diary #6 – did we just experienced a reversal?

How I see today’s price action in the stock market. Could this be a downtrend reversal? If so, we may see a resumed rally. We also rolled some of our US Steel (X) strangles into the next week.

Posted by Martin April 16, 2017

Trading Diary #5 – stock market in confirmed downtrend

As I wrote in my last trading diary #4 the market struggled to break the downtrend line. Here is a chart I posted the other day to show my point stating that the market had to break above the line (marked with blue arrows):    

DIVIDEND CAPTURE – TRIPLE PLAY (ETE) TRADE ENDS

Back in December 2016 I opened a triple play trade using Energy Transfer Equity, L.P. (ETE) as underlying. I was selling cash secured puts as long as I got assigned into the stock. After I got assigned, I kept the stock, collected nice dividend, and started selling covered calls. Today, my covered calls ended in Continue reading →

Posted by Martin April 03, 2017

Trading Diary #4

As I wrote in my March 2017 dividend report in an outlook that the market is on crossroads of either going higher or staying on the downward path, today’s trading showed us we are heading down.     Although the intra-day trading was quite impressive (see below) when the market could recover almost all losses, Continue reading →

Posted by Martin March 30, 2017

Trading Diary #3 (LULU) down more than 23%

LULU tragedy continued this morning when the stock opened down more than 23%. Surprisingly, it didn’t have any worse effect on my account than what was priced in last night when I recorded my notes on this piece if crap. You work hard and try to improve and make a few bucks and after you Continue reading →

Posted by Martin March 29, 2017

Trading Diary #2 (LULU) got crashed

LULU reported 1.00 EPS, WS expected 1.01 EPS. A slight miss. But the AH chart looks like an end of the world. Blame guidance which made WS over-reacting (as usual).     This is a bad blow to my account. Hope, this shit will recover by tomorrow morning opening although I have very low expectations Continue reading →