Covered Call and Naked Put Trades for the Week Ending November 12, 2021

by | Nov 13, 2021 | Systematic trader

October 08

Caesars Entertainment (CZR) – Opened Naked Puts

Caesars Naked Puts

 

October 09

The US stock markets declined today so I sold naked puts on GM and Alcoa. As I established covered call trades on both of those stocks last week, the addition of naked puts creates short covered strangles.

 

General Motors (GM) – Opened Naked Puts

General Motors Naked Put

 

Alcoa (AA) – Opened Naked Puts

Alcoa Naked Put

 

November 11

Docusign (DOCU) – Closed Covered Calls

The share price for Docusign had declined enough since my purchase that I chose to close my trade and take the loss.

Docusign Covered Call

 

Constellium N.V. (CSTM) and Digital Turbine (APPS) – Bought Shares

CSTM and APPS passed my covered calls screen but they also passed an additional filter which, based on my ongoing analysis of past trades, led me to decide that they have the potential to increase enough in price that selling calls would be a mistake. Therefore, I am going to hold the shares for 30 days and then sell them if they do not pass my screen at that time.

Constellium NV Chart

 

Digital Turbine Chart

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