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...
Naked Put Option Trades for the Week Ending January 08, 2021
With all the chatter on Twitter lately about jaw-dropping gains in the prices of Tesla and Bitcoin, writing a post about selling put options feels excruciatingly boring! It's as though I am in a community of one. Mind you, there is a small portion of my investment...
Naked Put Option Trades for the Week Ending December 25, 2020
I am posting this before the end of the week given that Christmas Day is on Friday. Since starting to sell naked puts earlier this year, I have now closed 38 trades with a median annualized return of 14.7% after commissions. Both the S&P 500 and the Nasdaq 100...
Naked Put Option Trades for the Week Ending December 04, 2020
With US equity markets continuing to be strong and the VIX remaining above 20, conditions are still favourable for selling naked puts on select stocks. I discovered a site this weekend that you may find of value if you invest in individual US or Canadian stocks....
Naked Put Option Trades for the Week Ending November 07, 2020
The US stock market continues to provide all the right conditions for naked put option selling. Since starting to post about my naked put trades, I have closed 31 trades with a median annualized return after commissions of 13.3% If you have an interest in generating...