WHAT WE DO? WE SELL OPTIONS FOR INCOME. WE USE THAT INCOME TO BUY DIVIDEND GROWTH STOCKS!
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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 14, 2017

New Iron Condor using TECK in ROTH IRA

UPDATE: June 14, 2017   We rolled our June 30th 17 strike into November 17, 2017 expiration and 17 strike. We also added new call side creating a new Iron Condor:   BTC 1 TECK Jun30 17.00 put STC 1 TECK Jun30 15.00 put STO 1 TECK Nov17 17.00 put BTO 1 TECK Nov17 15.00 Continue reading →

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 →

ETE triple play – dividend capture trade

UPDATE: May 22, 2017   The trade executed today morning and we collected 0.35 or $35 dollars credit. Now we will wait until expiration which is in June 23, 2017 for the call either expire worthless (if the stock stays below $19.50 strike) or ends in the money (ITM) in which case we will get Continue reading →

Posted by Martin May 22, 2017

TECK Iron Condor trade (ROTH IRA)

UPDATE: May 22, 2017   The trade executed this morning. As the old Iron Condor closed, this new opened and we are in the trade. We collected 0.35 credit or $35 dollars. Now we will wait for this trade to develop. We also placed buy back orders for both our short legs (to buy back Continue reading →

Posted by Martin May 15, 2017

How much money to trade for a living?

I decided to take a second part time job to raise capital. At first, I planned using loans (and I did it and took two business loans to use them for investing and trading) but the loans put a lot of pressure on my trading. Our accounts do not have large enough capital to generate Continue reading →

Posted by Martin May 10, 2017

How Many Options Positions Are Too Many?

In our group a trader asked me a question how many positions a trader can open when selling put or call options using margin. Many investors and traders avoid trading on margin because they are afraid of it. Margin can be very helpful and boost your trading and results. It can also work against you. Continue reading →