Rolled Part of UWM Position
Coming into today, I had options on four different UWM July strikes, three of them short and one long as a hedge. I was long two UWM July $75 puts and still am. I was short two UWM July $70, $71 and...
View ArticleOptions Expiration – July 2014
I’ve been using a steady plan of dumping far out-0f-the-money (OTM) naked puts once they got cheap enough and was planning to stick to that with my July UWM positions. Instead, UWM moved so much...
View ArticleMore UWM Naked Puts
When six of my UWM July puts expired (four short, two long) last week, I mentioned my attempt to sell some August $75 naked puts. The order didn’t hit and I didn’t go after it again during yesterday’s...
View ArticleRolled UWM Naked Puts
I’ve been watching UWM as the Russell 2000 index worked through its decline. Before today, I had two UWM October $75 puts and two UWM October $73 puts. I sold these puts when the strikes were far...
View ArticleOptions Expiration – January 2015
I had more option contracts make it all of the way to today’s expiration than I’ve had in a very long time. Coming into the day, I had one DIS January $90 naked put ($285.51 profit), two UWM January...
View ArticleSold April UWM Naked Puts
I mentioned in my last post that I had a limit order in play for new UWM naked puts. It took all of two and a half minutes of trading today for that order to hit. While UWM was trading at $87.13, I...
View ArticleUpdates on MDY, TLT and UWM Short Options
I cancelled my limit order to roll my MDY March $165 naked put before the Fed’s announcement yesterday afternoon. I decided I would try to wait for an opportunity on an MDY dip post announcement to...
View ArticleUWM – July Naked Put
While UWM was trading at $109.90, I sold one UWM July $100 naked put for $4.30 and received $429.75 after paying $0.25 in commission. I just realized I didn’t address in the video why I sold the July...
View ArticleClosed UWM Naked Put
Sometime last week or the week before, I entered a limit order to take a profit on my UWM naked put. While UWM was trading at $121.05, I bought to close one UWM July $100 naked put for $0.35 and paid...
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