Posted by Martin June 11, 2016

Trade Alert – ROTH IRA cash secured put (LGCY)

I am going to open a cash covered put trade (CSP) in my ROTH IRA account on Monday using LGCY stock. The stock has been beaten up severely and I own it at $12.40 a share but it currently trades at $2.24 a share. It paid dividends, but about a year ago it suspended it. Continue reading →

Posted by Martin February 29, 2016

Put selling against dividend paying stocks strategy: sold (ESV) April puts

Taking on the damage control from trading SPX spreads. I tried hard to get into SPX trading but I wasn’t able to make any profit. I actually lost everything I ever made selling puts against dividend stocks. I am not saying that I will never trade SPX again. Never say never. I might go back Continue reading →

Posted by Martin February 18, 2016

Going back to selling puts against dividend paying stocks strategy: sold (PSEC) Aug put

Going back to selling puts against dividend paying stocks strategy: sold (PSEC) Aug put

Correction: I collected $89 dollars and not $75 premium as mistakenly shown in this post.     I must admit that I am getting frustrated trading spreads against SPX (S&P500). It is extremely hard trading that damn index. The market is volatile and whenever I sell calls, the market follows for a few days, then Continue reading →

How to defend Call Credit Spreads explained by the best trader

    How to defend a credit call spread? Tom Sosnoff and his daughter Case explains how to defend a call spread which goes against you. Interesting explanation of what should a trader do if a credit spread goes against you. With Tom’s view, everything I have ever done to defend my spreads was wrong. Continue reading →