2021-01-05 Tuesday

After Monday’s selloff on Tuesday bulls got back in control recovering about half of the losses from the previous day. Still early to determine if the panic is over but at least we saw the first step in that direction. Usually, corrections are fast and sharp with multiple days of selling in a row. That …

2021-01-05 Tuesday Read More »

2021-01-04 Monday

Overall the first trading day of 2021 has been an interesting one. After the positive price action of futures before the opening, the session started in the red with a continuous selling wave during the entire morning. Then between 12 and 1 pm we saw the formation of a bottom and a modest recovery in …

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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 …

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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. …

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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 …

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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 …

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