Naked Put Trade Initiated With Square (SQ)

On Tuesday, I placed an order to sell Apr-30 $225.00 Square puts for $2.10 but the share price rose immediately and my order wasn’t close to being filled so I didn’t check on it anymore that trading session. As it turned out, the price of Square shares did...

Covered Call Trade Initiated in Citigroup (C)

I have to say at the outset that opening a covered call trade today felt uncomfortable. For me, it feels like the stock market has had an excellent run and is about to roll over. That being said, as a systematic trader I have to follow my processes. Today, I bought...

Naked Put Trades Closing on April 16

I had three naked put trades close on April 16 and each produced a different result. ViacomCBS (VIAC) On April 07, I sold Apri-16 $40.00 puts for $0.32. Late in the trading session on Friday, VIAC was trading below $40.00 and I didn’t want to be assigned the...

Results of Call Options That Expired on April 16

I had eight covered call trades for which the call options expired yesterday and six of the stocks closed higher than the strike price so those stocks will be assigned to the holders of the calls. For the two stocks that closed below the strike, one was FTCH and it...

Covered Call Trade Initiated with Morgan Stanley (MS)

Yesterday, I purchased shares of Morgan Stanley and immediately sold ITM May-21 $77.50 calls for $2.70. With the expected April 29 dividend of $0.35, if the shares are assigned at the call expiry date then this trade will generate an annualized return of...