Price action in technology stocks and the associated options today provided me with the opportunity to sell naked puts that passed my screen. Of the handful of puts that passed my screen, I selected to sell naked puts on Square and CrowdStrike with potential...
Naked Put Trades Closed on March 26 (GILD, PYPL, JD)
Today was a good day for traders with puts expiring as the market finished the week on a strong note. The positive price action resulted in two of my naked put trades closing with the stock price above the strike which means I didn't have to take any action today and...
Peloton (PTON) Naked Puts Sold
Yesterday I sold Apr-01 $100.00 puts on Peloton and today has been a reminder that not all trades go my way. As I write this post, shares of Peloton are down 9% with the market reacting very negatively to news that the company released yesterday about its acquisition...
Gilead (GILD) Naked Put Trade
Gilead has been passing one of my covered call screens for the past week so I decided to sell short-dated naked puts on it. I sold Mar-26 $63.50 puts at a price of $0.44 each. If the price of Gilead closes above $63.50 on March 26 then I will have earned 33.7%...
Two Profitable Naked Puts Trades Closed and One New One Opened
Thanks to strong oil prices in the past month, my naked put trades in Marathon Petroleum and Exxon Mobil which were opened in February were closed profitably today. The naked put trade that I opened today was for PayPal and was based on Mar-26 $235.00 puts which I...
Naked Puts on Square (SQ) Closed on March 12
On March 03, I sold naked Mar-12 $220.00 puts on Square at a price of $2.51. As the price of Square closed on Friday well above the strike price of $220.00, the puts have expired and I will not be assigned the shares. This option trade generated an annualized return...
Naked Put Option Trades for the Week Ending February 26, 2021
This past Tuesday wasn't a great day for some of the stocks that I have sold puts on. Three of the stocks were down by more than 8% early in the trading session. Sharp price declines like that will test your ability to stay cool in the face of potential investment...
Naked Put Option Trades for the Week Ending February 12, 2021
Selling put options for income certainly doesn't rank up there with all the excitement recently in short squeezes and cryptocurrencies but, then again, it shouldn't. If you arrived at my site looking for excitement, you are going to be beyond disappointed! Selling...
Naked Put Options for the Week Ending January 29, 2021
Since I last posted, I have closed seven naked put option trades and opened four new ones. Towards the end of this past week, I didn't find any new trades that I felt comfortable with taking on. The market feels risky to me right now. That feeling is confirmed by my...
Naked Put Options for the Week Ending January 17, 2021
This past week, I bought back two puts: MRVL for an annualized return of 39.4% and INTC for an annualized return of 59.5%. With those trades closed, I opened two new trades: a Feb 19 $44.00 MRVL naked put and a Feb 19 $140.00 QCOM naked put. MRVL QCOM Currently, I...