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Archive for March 10th, 2017

Posted by Martin March 10, 2017

February 2017 options income

February 2017 trading went well. I opened a few very profitable trades which allowed me to close some “skeletons in the closet” mainly WYNN trades. That meant taking a loss but I am happy about it because that helped me to reduce exposure in that stock and still be profitable. Again, I expected $1,605 dollars Continue reading →

Posted by Martin March 10, 2017

Third US Steel (X) strangle trade adjustment

I have three strangle trades with X as underlying. Two of the trades we already rolled into the next week. Now was the time to roll the last one since the stock continued sliding down.     Here is a trade we had:   -3 X Mar10 37.50 calls -3 X Mar10 40.50 puts   Continue reading →