Hi friends,
It is hard to find any good weekly positions with Thanksgiving making for a short week. I will go with mostly monthlies at the open this morning.
Maybe DECK.. trading around 68+ I have an order in to sell the 56.67 put for .30 (monthlies) The reason for such an odd strike is because of the split the stock recently had. A 3-1 on July 6th.
If it doesn't go through soon I will lower my bid to .25
Well 20 went through at .30 and now I have changed the order to 20 more at .25
the ones that went through at .30 netted 580 and required 12,234 maint. this is a return of 4.7%
I just opened some LVS puts for the monthlies. With LVS trading around 50, I sold 40 of the 39 strike. received 965 and maintenance needed is 17360. so this is a return of 5.5%.. You gotta love that.
4 comments:
Hi Jerry,
A heads up on neek week from CBOE.
Thanksgiving Holiday Schedule
Due to the Exchange being closed for the trading holiday on Thursday, Nov. 25 and because of shortened trading hours on Friday, Nov. 26 the following modifications have been made:
1. The new list of Weeklys will be available on Tuesday, Nov. 23 by approximately 1:30pm CST and will begin trading on Wednesday, Nov. 24, as permitted under Rule 5.5(d).
2. The last trading day for SPX, DJX and NDX Weeklys will be Wednesday, Nov. 24, settlement will be based on Friday morning’s opening and expiration will be on Friday, Nov.26.
Thanks for the heads up. I had seen that the next week, weeklys will be out sooner. I have never traded the SPX-DJX OR NDX. I don't for several reasons.
1. I don't follow them and don't have a feeling for their range.
2. Volatility is low so not much prem.
3. I like to pick stocks that rest on their own merit.
But that is just me and many use those often.
Well my second set of the the DECK puts went through. I received 480 for those 20 puts. This is a total of 1060 in deck puts and maintenance of 24468 for a net return of 4.3%
I now have 40 puts with DECK at the 56.67 strike.
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