Coming into this coming Friday’s solution expiration, I have two MDY June $290 naked puts left to expire. Remaining far more than $9 out of the dollars, I opted to go away them in spot and permit them expire worthless. When I’m continue to nervous about what’s to appear for the marketplaces, I opted to provide one particular at the dollars set to switch the expiring two out of the dollars puts. When MDY was buying and selling at $320.26, I bought one particular MDY September $320 naked set for $eight.50 and received 849.74 soon after shelling out $.26 in fee. I’ll provide a different MDY set later on almost certainly or might select a different stock or ETF.
I traded on DIS for a when, but soon after my last shares had been referred to as absent at $110 in February, I retained my distance till these days. Truly, I put the get a working day or two in the past and it just hit these days. When DIS was buying and selling at $106.21, I bought one particular DIS August $106 naked set for $two.60 and received $259.32 soon after shelling out $.sixty eight in fee. If this set is assigned, I’ll have a cost of $102.41 soon after exiting four month in the past with a sale price of $112.44 including the coated connect with quality. I’ll be happy to get again in $10 less expensive.
You can obtain my video summary of the trade in this article on YouTube: