Covered Call and Naked Put Trades for the Week Ending October 29, 2021

by | Oct 29, 2021 | Covered Calls, Naked Puts | 0 comments

Trader Education

While browsing through the TraderLion videos on YouTube recently, I noticed the one with Dr. Eric Wish which I watched in entirety and may watch again as it provides so much valuable stock chart information for traders. Do yourself a favour and watch the video and visit the Wishing Wealth blog.

TraderLion Video Interview with Dr. Eric Wish: Link

Wishing Wealth Blog: Link

 

October 25

Nvidia (NVDA) – Closed Naked Puts

I bought back the Nov-12 $185.00 puts that I sold on October 08 resulting in a profitable trade with a 21.6% annualized return. This trade converts the covered short strangle trade to a covered call trade.

Nvidia Naked Puts

 

Crowdstrike Holdings (CRWD) – Opened Naked Puts

I had a covered call trade on with Crowdstrike and since the share price was a little on the weak side today, I sold Nov-19 $257.50 naked puts to establish a covered short strangle trade.

Crowdstrike Naked Puts

 

October 26

AMD (AMD) – Opened Naked Puts

AMD Naked Puts

 

October 27

Docusign (DOCU) – Closed Naked Puts

The price of DOCU moved up enough that it made sense for me to close my naked puts early and capture a 34.1% annualized profit.

Docusign Naked Put

 

October 28

Schlumberger (SLB) – Opened Covered Calls

Schlumberger Covered Call

 

October 29

Schlumberger (SLB) – Sold Naked Puts to Establish Covered Short Strangles

The price of Schlumberger dropped by more than 1% in the morning so I sold naked puts.Schlumberger Naked Put

 

Baker Hughes (BKR) – Opened Covered Calls

Baker Hughes Covered Call

 

Open Trades

My open naked put and covered call trades can always be viewed here.

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