Weekly Newsletter   Challenge account   Weekly Newsletter   


Archive for 2017

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 06, 2017

Buying monthly dividend income Motif

I decided to take a small experiment and buy my monthly dividend income motif tomorrow morning using margin. I will only use a small portion and buy for the minimum of $250 dollars only. Will the dividends be able to pay for the loan? This trade should answer the question in real time.   Here 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 →

May 2017 dividend income

May is over and it is time to once again review our dividend income in our ROTH IRA account. It was again another successful month as our annualized dividend income increased. We haven’t received as many dividends as in April but it still was a successful month. In our ROTH IRA we collect income from 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 22, 2017

TECK Iron Condor (ROTH IRA)

UPDATE: May 22, 2017 TRADE CLOSED   Today morning, our puts closed for 0.05 debit. This closes our Iron Condor with 13.20% profit in 32 days and 150.56% annualized return.