2012 – The Year of Discipline

by Jeff on January 18, 2012

Last year I was all over the place – Calendars, Double Calendars, Butterflies, Unbalanced Butterflies and more. I went in so many different directions that I made myself dizzy. Many of my trades made a nice return, and some did not. One thing, though, they were a learning experience. What did I learn? That I [...]

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KO Roll #4

Read the full article → December 21, 2011

Last Friday (12/16) I rolled KO for the 4th time. I would like to say that I am incredibly good at picking underlyings for Naked Puts, but the truth is I’ve had a great run on this stock and I’m going to milk it for every drop I can. The table below details all the [...]

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Rolling Naked Puts Part 2

Read the full article → November 17, 2011

I rolled both KO and YHOO today for the reasons you will see and hear in the video below. Make sure to select 720p and full screen.  Happy Trading! ◄Jeff►

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A No Brainer Strategy?

Read the full article → November 15, 2011

The other day I received a comment from a reader (Frank) asking about a SuperPut strategy using Long Calls rather than the stock. If you want, you can check out the comment and reply on my About page, but that question has nothing to do with what I am going to share with you now. [...]

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Rolling Naked Puts Part 1

Read the full article → November 15, 2011

I currently have two Naked Puts open – one on Coke (KO) and the other on Yahoo (YHOO). Watch the video below to get my thoughts and strategy for rolling them to next month. (This is best viewed as 720p and full screen – almost like IMAX! ◄Jeff►  

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“What is going to happen, Dave?”

Read the full article → October 24, 2011

“Something wonderful.” “I’m afraid” “Don’t worry we’ll be together.” “Where?” “Where I am now. And so goes the conversation between the HAL 9000 and Dave Bowman in 2001: A Space Odyssey from 1968. Have I been absent so long that I have gone wacko? Sorry, but I’ve been able to completely rationalize that… I am [...]

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A Russel 2000 Bet

Read the full article → September 16, 2011

I believe that sometime, between now and October expiration (10/21), that the Russell 2000 (RUT) will drop to the 620-660 range. Do I have any technical analysis or inside information to support that? No! I don’t know which way this index will move, but that price certainly is within the wiggle range as of this [...]

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Dividends versus Credits

Read the full article → September 14, 2011

KO has been very nice to me so far. Remember, back on 8/18 I sold a SEP 67.50 Naked Put for a $1.21 credit. I really didn’t care if I was ‘put’ the stock if it was below 67.50 at expiration because I didn’t mind owning it. It’s a good company, known world-wide, seems to [...]

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CallWriter Sale

Read the full article → August 31, 2011

Although I don’t write much about Covered Calls and Naked Puts in my posts, it doesn’t mean that I don’t use that strategy in my accounts. I’ll make a confession – I like a little more action, which is why I prefer option spreads and that what I prefer to write about. Ok, now that’s [...]

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High Fliers

Read the full article → August 30, 2011

Nothing frightens me more than the extremes the market is putting in right now. Directional bets are a coin toss, especially with options spreads, since they need time in order to give us returns. But I believe there are some companies out there that no matter what (well, sort of), you can count on their [...]

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