On 9/27/11, CROX was @ 27.55 and I sold 6 naked puts.
Oct 25put @ .90 x 6 to collect total of $540 credit.
If CROX price drops below 25 on Oct 21, I want to buy 600 shares of CROX
at the price of 25 will cost $15,000 and I would keep the $540 premium collected.
If CROX price stays above 25 on Oct 21, I will keep the $540 premium collected and
watch for a retracement down good entry to purchase shares.
Tuesday, September 27, 2011
Friday, September 16, 2011
Naked Puts trade finished with profit
September expiration 9/16/11, CROX closed @ 28.28.
I keep the $420 premium collected from my naked puts trade
in which I sold 7 contracts of the Sep 23 calls @ .60 on Aug 18.
From my Aug 18 CROX chart technical analysis, the price did drop close to my target
of 23 drawn in bold red line.
The lowest price since Aug 18 was 23.12.
Our account balance is cash $16,674, up +66.7% since Jan 1.
Currently, CROX daily price chart is forming a triangle, which is ambiguous.
I keep the $420 premium collected from my naked puts trade
in which I sold 7 contracts of the Sep 23 calls @ .60 on Aug 18.
From my Aug 18 CROX chart technical analysis, the price did drop close to my target
of 23 drawn in bold red line.
The lowest price since Aug 18 was 23.12.
Our account balance is cash $16,674, up +66.7% since Jan 1.
Currently, CROX daily price chart is forming a triangle, which is ambiguous.
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