WHAT WE DO? WE SELL OPTIONS FOR INCOME. WE USE THAT INCOME TO BUY DIVIDEND GROWTH STOCKS!
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Posted by Martin March 08, 2017

US steel (X) strangle trade roll

Another of my strangle trade against US Steel (X) got ready for a roll. As my calls against US Steel (X) got closed today, I decided to roll the puts into the next week:   BTC 1 X Mar3 38.50 put STO 1 X Mar 17 37.50 put STO 1 X Mar17 37.00 call @ Continue reading →

Posted by Martin March 07, 2017

STX dividend capture – triple play

We are opening a new triple play – dividend capture trade against STX (Seagate technology) stock. The stock has ex-dividend on March 20th so we must become owners of the stock before that day. This goes perfectly with the March 17th options expiration. We can sell naked (or cash secured) puts, collect premium, and let Continue reading →

Posted by Martin March 03, 2017

X trade adjustment

We have a three trades using US Steel (X) as underlying stock. The stock is not one I would normally buy as a long term investment, but it is a great stock to trade options against it. As of today, we have 3 March 10 inverted strangle contract, 1 March 10 strangle, and 1 March Continue reading →

Posted by Martin February 09, 2017

January 2017 options income

Trading options in January ended very well. I definitely didn’t expect such results. At first it was slow and much of our cash was tied to other trades and I didn’t expect freeing them for trading. In fact, they are still blocked by those trades. I expected barely $1,200 income, although I planned for $1,500 Continue reading →

Posted by Martin January 06, 2017

January 2017 goal

Lately, I was reviewing our portfolio and analyzing what went wrong and why I no longer feel comfortable with it and with my trading. It is something I struggle with – over trading. So what I did wrong that put me out of my comfortable zone?   First, I set a wrong plan. I calculated Continue reading →

Posted by Martin January 04, 2017

December trading results and year end review

December ended and we have a new year again. It was time to review our achievements and set new goals. I cannot believe we are again at the beginning of a new year already. Really. Many people considered 2016 year a dismal year. At least that’s what I have read on the internet so far. Continue reading →

Posted by Martin January 02, 2017

How I trade strangles

In my previous post I wrote about predicting the market or stock moves and that I do not do it and why. Yet people keep asking me how do I select stocks to trade and how do I trade them when I do not predict their moves and do not study them. I understand their Continue reading →

Posted by Martin December 30, 2016

Predicting the next stock move is just deceiving yourself

People keep asking me questions how do I choose stocks for options trading or what is my expectation, why I chose to trade one stock over the other, what if the stock fails, and what was my rationale behind a trade. When they ask me for a trade reason, I usually tell them that I Continue reading →

Posted by Martin December 26, 2016

DIVIDEND CAPTURE – TRIPLE PLAY (ETE)

I am placing a new trade order for the next few weeks using a strategy called dividend capture – triple play with Energy Transfer Equity, L.P. (ETE) underlying. Normally, this strategy is a buy-write strategy where you buy 100 shares of the underlying stock a few days before the stock goes ex-dividend and sell a Continue reading →

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 →