Category Archives: Options

Meaty Beaty Big and Bouncy

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I hadn’t done any options trading for a while, but a few months ago, I dusted off my options account, put some money into it, and started trading it. The past few weeks have been particularly good to me, with the account up about 100%, but along the way (particularly the most recent week), I left a ton of money on the table.

There was one particular issue that left an impression on me: a NASDAQ put. Now, most of my options trading (which is brain-dead simple: buying puts on stocks that I think are going to fall and whose expiration is several months out) is focused on individual issues, not indexes. But on October 3, I decided to buy the $4050 put on the NDX. (more…)

Opening the Kimono

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I keep a small options account for more speculative, devil-may-care trades. Someone asked me for an update on those positions. I’m going to be lazy (and a bit too T.M.I.) by just showing you my current P/L screen. I’ve only got one dud – Hershey – but I still think it’s going to work out just fine. These are all conservative plays (e.g. several months out, and all in the money).