Feb 28 2008
CELG & DIS – Trigger Happy?
I might have gotten a little trigger happy today. My limit orders weren’t hitting, so I reduced a few of them and two hit 30-40 minutes later.
CELG – I sold one April 55 naked put (LQHPK) and received $239.25 after commissions.
DIS – I sold three April 32.50 naked puts (DISPZ) and received $302.75 after commissions.
I think I got both of these ideas from Barron’s. That brings my premiums received this week over $1000 which gives me some cushion should one or two of these finish ITM. AAPL made a big rebound today, which proves (for now) I should have stuck with my original instinct with it and kept my naked put.
I have a few more limits out there, but most of them are far from hitting unless the VIX goes up and those stocks go down. I missed a good opportunity to sell naked calls on VIP to help balance [...]
Original post by Alex Fotopoulos