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Posts Tagged With 'generating monthly income'

Closing bull put spread against SPX for 11.29% a week early

Closing bull put spread against SPX for 11.29% a week early

We had a bull put spread against SPX which today became worthless and we could close it early. The trade was originally remnants of an Iron Condor we put our on October 21, 2014. The trade didn’t go well originally as our call side 1955/1960 call spread was breached when markets continued their incredible recovery Continue reading →

Last week call spread against SPX and put spread TWTR ended for a profit

Last week call spread against SPX and put spread TWTR ended for a profit

After losses I suffered a few weeks ago due to mistakes and greed overtrading my account it looks like I was able to stop the madness and turn the tables around once again. Sometimes it happens to traders that they wipe out their accounts. Of course, this wouldn’t happen to a dividend investor as that Continue reading →

New Trade – SPX Iron Condor

New Trade - SPX Iron Condor

As I described in my monthly report, I am slowly building my damaged account back up taking small trades and small income every week. Last week, I opened a few trades against SPX – one bear call spread, and two Iron Condors. All expired worthless and I could keep all premium I received. I will Continue reading →

September 2014 results

September 2014 results

September 2014 was a very bad month to me. It was a month when I destroyed my account once again. I did it back in 2011 and I thought I learned my lesson. Apparently I didn’t. This is what happens when you do not follow rules or have none in your investing/trading. Trading options can Continue reading →

July 2014 results brought the highest income ever, but net-liq got hammered hard

July 2014 results brought the highest income ever, but net-liq got hammered hard

This month was one of my best months so far. My options trading delivered the highest income in my relatively short options trading history. But I cannot have it yet. The entire month was going well, all my accounts were growing nicely and my trading account was growing bigger every day. Until two days ago. Continue reading →

New trade – Amazon (AMZN) in troubles… and my easy money trade too! Sold some calls.

New trade - Amazon (AMZN) in troubles... and my easy money trade too! Sold some calls.

What was about to be an easy money trade a week ago is about to become a disaster. A week ago I sold a bull put spread expecting Amazon (AMZN) to go higher. Well, I must admit I didn’t expect Amazon would miss it’s quarter the way it did. Right now, AMZN sold off -10% Continue reading →

Trade adjustment – Taser Int. (TASR) roll baby, roll

Time to roll this stock lower and farther away in time. TASR started its consolidation in these couple of days when it bounced from 10s back up to $11 level. It also reports earnings on July 30th before market opens. How will investors react to it? Will they like earnings or not? Will they send Continue reading →

Trade exit – AAPL long call for a loss (-24%)

Trade exit - AAPL long call for a loss (-24%)

I once read a story about a trader who was quite successful trading futures – E mini S&P 500 and he was making a lot of money. Later he wanted to start trading different markets and he decided to trade currencies at Forex. Guess what. He almost lost everything. So he got back to trading Continue reading →

New Trade – BUY OCT14 CALLS on AAPL – my first directional trade

New Trade - BUY OCT14 CALLS on AAPL - my first directional trade

This trade against Apple (AAPL) will be my first directional trade buying long calls. In the past I traded this kind of option strategy the wrong way and no wonder that it didn’t work for me so I stopped buying options and instead started selling options. First, let’s take a look on the chart below, Continue reading →

New Trade – SELL OCT14 CALLS on CLF

New Trade - SELL OCT14 CALLS on CLF

Another bearish trade I see coming was against Cliffs Natural Resources Inc. (CLF). The stock suffered a severe decline in recent months with a few relieves in March 2014 and end of June 2014. Review the chart below: Take a look at point “A” where the stock had the second last relief from a downtrend. Continue reading →