[Teddi Knight]

you should the adviser where their money is invested! they can’t earn 2% if you’re not invested

[Teddi Knight]

I’ve been selling cc’s on T since December (since I got assigned on puts), and collecting the 5% divvy too. Lowered my basis by about $2 so far. I’m going for $0.00 basis!

$25 M is a drop in the bucket these days. But I’m glad they didn’t drop my credit card in their bucket.

[Teddi Knight]

My daughter spent three years in South Boston; enough snow for a lifetime!
Her little Yorkie couldn’t even go outside without being buried:)

[Teddi Knight]

Thank you Teddi… I am still paper-trading the Apple trades and need your feedback in these particular trades.
You and your site are one of a kind!!

[Teddi Knight]

FCC says AT+T will pay $25 million after data breaches where call center employees stole customer info + resold to alleged phone thieves.

I sold the $32.5 puts expiring Friday…..gonna be a tight one, but frankly won’t mind being assigned and selling weekly calls.

That’s how I became rich with TWTR,{just kidding}

Amy

[Teddi Knight]

AHA, well that tells you what a Florida girl knows about Canada:)

Been to Toronto and Niagara Falls, lol

[Teddi Knight]

Hi Teddy,
I see through your recent post that you had opened positions on AAPL biweeklies that expired on Apr 2..
Once again I would like to know how did you handle the drawdown in the stock, as if you were using any stop schedule premiums may have increased more than, say, 25% and you should have closed positions.
Many thanks for your time and patience.

[Teddi Knight]

huh, weird…..Teddi is in Canada.

[Teddi Knight]

Thanks for your comments Teddi. Said it well. I would personally stay away from a stock like BBRY because 2-3 times a year there is a rumor that runs the stock up. I like the large cap stocks that I would indeed buy if they broke what I see as a selling supply line. {I added to IBM today-might be Warren and me if it can bust out of $165}

Amy

[Teddi Knight]

Thanks for the comments. Since I do most of my option trading in IRA accounts, the issue is somewhat moot because selling naked calls is not allowed in my IRA accounts. Interesting that you would sell naked calls on the type of stocks you would want to own. My tendency would be to sell calls on stocks that seem way overvalued, such as TSLA, CMG, NFLX, AMZN…however, I realize that there is a lot of strong sentiment that keeps these stocks proped up, so I have avoided going bearish on them.

[Teddi Knight]

4/2 BTO Apr 17 88 put @ 0.15

4/7 BTC Apr 17 93 put @ 0.16

At this time I am leaving the 88 long put open even though it is well OOM and I have closed the short put. I might get lucky…

[Teddi Knight]

Hi Tom;
Once you have traded naked calls and understand how to protect your trade I have found them no riskier than naked puts. In fact if you examine stocks you find that stocks rise slower than they fall which actually places more risk on naked puts. Like all strategies I sell against stocks I would pick up the shares in whether they are naked puts or naked calls.

[Teddi Knight]

I **think** that when betting on a drop (SPXU or SDOW) you’ll get more bounce to the ounce in the DOW than in the SPX.

But that’s just a guess.

[Teddi Knight]

Denis,

I used to use the SPXU all the time, and once asked Teddi about why SDOW. I think her answer dealt with the fact that there are indeed only a few stocks, and thus you can project the trend easier.

Whatever her answer exactly, she convinced me:)

Amy

[Teddi Knight]

You could sell a bear call spread, you know.

[Teddi Knight]

Yeah… I think I’ll suspend my put selling on the SPX this week. Maybe some bear call spreads instead. Or maybe some SDOWs.

I don’t think I see anything at all that will be positive on the overall markets and there may be some BIG negatives.

[Teddi Knight]

it has been drilled into me that selling naked calls is the riskiest strategy & should be avoided

Certainly not by Teddi. She recently as you know sold naked calls on XBI, and I believe a few other stocks which I also have done. It’s not for everyone, but for me it has been extremely profitable in this kind of volatile market. Not so good in a true BULL market, but at close to all time highs, where is the good news that can take this market up for longer than a day or two?

Surely not the jobs numbers which were clearly going to disappoint as all the recent data has proven. The market is beginning to realize that low rates in perpetuity isn’t the best idea, the Fed is out of bullets, and we have little to no earnings growth. Right now I am way more comfortable with my calls on stocks than puts I have sold.

“I skate to where the puck is going to be, not where it has been.” – Wayne Gretzky

But that’s just me:)

Amy

[Teddi Knight]

STO APRIL 17 CALLS, STRIKE $165 @ .87

[Teddi Knight]

Late entry…BTC 3/19 @ 0.16

[Teddi Knight]

One more time…

At 0944 today STO 3 x Apr 17 GILD 93 puts @ 1.20.

I anticipate turning this into a 93-88 credit spread after the stock recovers a bit if I can net out a dollar.

[Teddi Knight]

BTC APRIL 10 CALLS STRIKE $165 @ .25

Amy

[Teddi Knight]

tricky operator in SAFM. $76.68 Low and now high of the day; bet he made a ton this morning! Tried to add, but didn’t get a fill.

[Teddi Knight]

The March 11-16 lows held. The bottom of the BB held. Don’t panic… there’ll be time enough to panic later, if everything goes to hell.

What did I do with my bull credit spread? I watched.

[Teddi Knight]

STO APRIL 10 CALLS STRIKE $165 @ 1.04

There is a supply line at $165ish with a big seller, at least so far:)
up volume today is pathetic.

Forgot to post this earlier….then I see AH a discussion on CNBC with my same perspective. Makes me nervous when I agree with CNBC!
https://www.cnbc.com/id/102546509?__source=yahoo%7cfinance%7cheadline%7cheadline%7cstory&par=yahoo&doc=102546509

Amy

[Teddi Knight]

This is what I use.

https://online.wsj.com/mdc/public/page/2_3021-tradingdiary2.html

Cheers,
Kevin

[Author]

Posts