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New Trade – SELL DEC14 PUTS on TEVA

New Trade - SELL DEC14 PUTS on TEVA

Teva Pharmaceutical Industries Limited (TEVA) recently offers interesting premiums and 60% chance that it will expire OTM. The trade setup is positive too. I decided to take this trade and sell one December contract to collect nice premium. I would love to trade shorter time frame, but with a small account as mine I need Continue reading →

New Trade: Bull Put Spread: DEC14 TEVA

New Trade: Bull Put Spread: DEC14 TEVA

Today I opened a new trade against TEVA. The stock recently triggered a break out from a longer term squeeze and both indicators I watch are pointing for an uptrend move. Both indicators (Bollinger bands and Keltner channel) provide me with 70% chance that the stock movement direction will follow indicator’s direction. And because I Continue reading →

Disaster continued, but navigated my account well thru the storm

Last week loses mounted in my account. At first I started panicking, but then took a deep breath and told to myself: “Hey, calm down, you have a plan!” Sharply falling stocks are an arch enemy of a put selling strategy. If stocks decline smoothly, slowly and not too fast, you can navigate the trades Continue reading →