Welcome to the page that discusses Put Options

I want to start this blog by telling you that I have no 1-800 number, I am not trying to sell you any newsletter with the next great stock idea. I am not inviting you to come to my house and view a cleaning agent. I will not try to sell you plastic bowls or any other ‘can’t miss’ ideas. I do not have any life changing secrets and I cannot promise you a flat stomach.



I am going to share with you my daily option moves and the reasons behind them. My way of trading options are of course not the only way to utilize Put Options. This is a way that I have found to be simple and easy and not as complicated as some make this business. My hope is that you can develop a steady stream of income and continue to enjoy your life.











Thursday, November 18, 2010

A different Roll-up

HI all, After AMZN jumped so much and with only one day left in trading, I rolled my 150 puts into the 160 puts.
Here are the numbers. I did less of the 160's as the maintenance is more.
Sold the 150's for $1557 Wednesday. Bought to close on Thursday for $224 =
1334 profit in a day
Sold the 160 put for 774 Thursday and if it expires worthless tomorrow I will net 2107 rather than the original 1557. So I bumped the profits by 550 by rolling into the 160's.
For protection I put an order in to close the position (the 160 puts) if the stock dropped to 161.25. It is now trading above 164. I will be away from the computer after 9am, so this give me some protection. Hopefully I will know by then which way the wind is blowing with AMZN.
Just tweaking and picking up crumbs.
Good trading all.
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)