How well do you know your P&L charts? Good enough that you can quickly guess the underlying position? Take a look at the below and guess what it is (I’ll tell you later, try not to scroll and peek!): I know this isn’t really a hard one. Yes it is […]
Monthly Archives: August 2020
10 posts
8/30/2020 Plan: We look to sell a put spread in Intel (Ticker: INTC) or a put for those that want to own INTC long term. 8/30/2020 Plan (continued): INTC – Sell 2 of the 25 September 47/45 put spreads for 0.26. For a short put, sell the 47.5 outright for […]
When selling options, there is always a chance that the option owner can exercise early, leaving the option seller with stock that they weren’t anticipating – either 100 long shares if they sold a put, or 100 short shares if they sold a call. This can cause confusion, particularly if […]
8/23/2020 Plan: We look to sell a put spread in Walmart (Ticker: WMT) 8/23/2020 Plan (continued): WMT – Sell 2 of the 4 September 126/123 put spreads for 0.35. We may look to go another week and use the 125/122 strikes if we can’t get filled on the 4 September […]
Betcha can’t eat just one. No really, don’t eat Intel’s chips. They are terrible. Worse than this joke. Back on July 23rd, Intel reported earnings. They beat Wall Street’s estimate by $0.12 ($1.23 vs. $1.11). They beat on revenue as well ($19.7B vs $18.55B). Earnings, revenue, net income, etc. all […]
8/16/2020 Plan: We look to sell a put in Slack (Ticker: WORK) again this week, to take advantage of the higher implied volatility. 8/16/2020 Plan (continued): WORK- Sell 1 of the 4 September 25 puts for 0.31. If it is available, may do the 24.5 put for 0.28 We will […]
The Russell 2000 has lagged behind the S&P 500 and Well behind the Nasdaq 100 (pretty much everyone is lagging behind the QQQs…). This past week IWM (iShares Russell 2000 ETF) hit its highest levels since February. I had taken the opportunity to sell a call at the 156 level […]
8/9/2020 Plan: We look to add a mid term put spread in McDonald’s (Ticker: MCD) for a nice credit 8/9/2020 Plan (continued): MCD – Sell 1 of the 18 September 190/185 put spreads for 0.74. The bid/ask spread is currently wide, but I’ll also look at the 4 September 190/185 […]
Probably an embarrassing thing to admit, but I *do* have memories of a calculator when I was growing up. In high school, we needed to have a graphing calculator and it wasn’t long before we realized we could load (basic) games on it and waste time rather than paying attention […]
8/2/2020 Plan: This week, your choice of bullish plays in two of the major banks – JP Morgan (Ticker: JPM) and Citibank (Ticker: C) 8/2/2020 Plan (continued): JPM – Sell 1 of the 28 August 90/86 put spreads for 0.60 C – Sell 4 September 45 put for 0.69 or […]