Stock Options


Out of Apple, Rolling WMT options to next week.

Our new website will be up soon, and at that time we will start accepting subscriptions again. Also, at that time, this WordPress blog will close and migrate to DeepPocketOptions.com. Please check back often and plan to subscribe when we open! ___________________________________________________________________ No Apple position. We are out for now. Today, we closed our 2 short 123 weekly puts for 5 cents. Our total profit for AAPL year to date is $3263. We have done this entirely by selling put contracts, one contract at a time. There have been 43 different orders ...

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XLE – Oil price drop

XLE has been something of a problem with the rapid decline of oil prices. We are down over $4100 on the year - but we were down $6200 on Friday after XLE's price collapsed. At DPO we have traded the XLE for a very long time and we have learned that it will, at times, swing wildly while moving way too high and way too low. It's now clearly in a bear market but last Friday's move was one of those exaggerated ETF swings that sometimes happen  - and it was multiplied by the holiday schedule and lack of liquidity. We fully expect XLE to settle down quickly and then slowly ...

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Updating WalMart and Apple

After moving, I got busy and was not able to continue writing for DeepPocketOtions. That project is now under control and there are many trades to talk about since October. Starting with WalMart - our profit for the year was $1130 on October 3rd.  We continued to trade the options, moving in and out of various put, call and stock positions over the last two months. Our profit today stands at $2001 for the year, so it's earning about $350 a month now.  That's a respectable income created from simply selling a few put positions on days when WalMart happens to be down. ...

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Finally able to write again….

It's hard to believe that my last post was 5 months ago, but it was! My wife and I were building a house and it became crunch time. If you've never built a custom home - there is only one way to do it. You just have to be there -- as much as possible. The house is done and we are living in it now. My new office is still a pile of boxes, but I have a temporary desk that is workable enough to get me back to work -- because in the world of options, there is always money to be made! Somehow, even though I wasn't able to write, I was able to make time for trading. My Apple ...

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