| Option | Position |
| FB 21AUG2015 91 P - Almost in the money! 4% drop spells trouble to me. | -1 |
| NFLX 21AUG2015 115 P - ITM, I will have to roll it out tomorrow | -1 |
| NFLX 21AUG2015 116 P - ITM, I will have to roll it out tomorrow | -1 |
| WMT 21AUG2015 60 P - OTM, this will expire worthless, I will lose $15 | 2 |
| WMT 21AUG2015 70 P ITM, I will have to roll it out tomorrow | -2 |
What happened this week or so?
I was looking for quick money and sometimes, it'll lead me into trouble. $FB & $NFLX were placed earlier this week. I thought it was OTM at the time I sold my PUTS. But today, it slapped me in the face. Now, I face assignment of shares @ my strike prices. But my exit strategy is to roll them down and out further down the road by tomorrow if they are below my strike prices.
I was looking for quick money and sometimes, it'll lead me into trouble. $FB & $NFLX were placed earlier this week. I thought it was OTM at the time I sold my PUTS. But today, it slapped me in the face. Now, I face assignment of shares @ my strike prices. But my exit strategy is to roll them down and out further down the road by tomorrow if they are below my strike prices.
On Monday, my covered call for $FTS.TO strike $38 for August 21, 2015 was assigned early due to ex-dividend date. I realized a gain of $785 and missed out collecting my dividend.
Lately, I've been dabbling with $SPY with long PUTs @ $209.5/$210 for Aug 28th. Thus far, I realized a net gain of $241.94 in few short days. Since all my positions are closed... Today, I initiated long CALLs @ $208 for Sept 18th. I'm playing both sides. I will follow where the money is going.
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