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...
A New Site for Analyzing Option Trades
OptionStrat is a new free site for analyzing almost every imaginable option trade in near real-time. Fortunately, the site allows the user to enter an option trade to analyze and then share a link to same which I will do below. Today, I sold two options: a PYPL Dec-18...
December 2020 SPY and QQQ Covered Strangles
As discussed in an earlier post, I am selling options in a margin account as a means of generating additional income on my investment portfolio. Up to now, I have sold naked puts and today I entered my first covered strangles with SPY and QQQ as the underlying. I am...
Naked Put Option Trades for the Week Ending October 16, 2020
Over the past week, I closed my MSFT and UNH trades for solid profits and opened new short put trades in PYPL and BABA. I stated in an earlier post that selling naked puts on liquid US stocks since May feels much too easy. The following two charts provide a partial...
Covered Strangle with SPY
If you haven't heard of a covered strangle, don't be alarmed. It is a relatively simple stock and option combination that is rarely discussed in the financial media. Essentially, a covered strangle is a covered call plus a short put. Given that a covered call is a...
Put Option Trades for the Week Ending October 09, 2020
The US equity market continues to provide a favourable environment for those of us individual investors generating income for our personal portfolios through the selling of put options on liquid stocks. In the past week, I closed my MU trade and sold UNH and AAPL...
Put Options for the Week Ending October 02, 2020
This past week I sold puts on MU, MSFT and UNH. Also, I closed the BABA trade for my highest annualized return so far this year. If you perform a Google search on "selling put options for income" you will likely see on the first page of results a number of YouTube...