Month: December 2020

2020-12-31 Thursday

I had two other CSPs expiring in the last trading week of the year, and both expired worthless. The 12/31 CSP $90 on AMD is the classical example of a fully profitable trade despite the stock price has been falling from the entry. I was able to keep the entire $152 premium and generate a …

2020-12-31 Thursday Read More »

2020-12-29 Tuesday

I closed the CSP on FB expiring this week. The stock was quite overbought and with very little premium left, so I preferred to take risk off the table while keeping 96% of the original premium collected on 12/15. Despite breaking down the ascending trend line the price never got close to the strike level. …

2020-12-29 Tuesday Read More »

2020-12-28 Monday

Despite a positive day for the overall market most of the strongest momentum stocks were hit hard. FVRR has been one of them having the third negative day in a row with a deep red candle. In the second hour of the session I sold a 01/15 $185 CSP (cash-secured-put) collecting a $745 credit. At …

2020-12-28 Monday Read More »

2020-12-26 Saturday

This was a short trading week due to Christmas Holidays. On Thursday the market was open only until 1.00pm while yesterday it was completely closed. I was assigned on WMT as the 12/24 $146 CSP expired ITM. As I initially collected a premium of $1.92 my break even point is now at $144.08, so not …

2020-12-26 Saturday Read More »