The S&P is officially in correction territory down 10% and while many people are panic selling, I am nibbling at the market. This isn’t financial or trading advice so do your own due diligence and invest in the way that meets YOUR goals. I bought 100 shares of NVDA at around $116.50 and I sold…
Category: Investments
Risk Management Is The Theme for 2025
I haven’t had time to write too many posts because I am fighting fires set by this new crazy administration. Last year, I wrote a post entitled, “Diversification is 2024 theme: Banking, Health, Tech, Everything” and that was based on all the cyber security and related incidents throughout the year. This year, it seems every…
Portfolio Risk Management & Collar Strategy
I have been concerned about the economy for a while now but the growing volatility I’ve seen in the market the past few months coupled with the new administration policies lead me to believe that now is a good time to shift to different options strategies. I’ve written about my ladder covered call strategy here…
Closed All IWM Positions 70% Return
I wanted to close out my series of covered calls on IWM. With the CPI report coming in red hot, it caused the market to fall and it was a great time to buy back all the calls I sold. I wanted to make $2000 for the month so I sold 40 call contracts on…
Sold More Calls On IWM Today
IWM is a cash machine for me so far. Sold 2 contracts today for $230 which will take me closer to making $2000 for my 30 day window. I now have a full “spread” of calls at the strikes I like so the only thing left to do now is wait. If IWM falls in…
Took 80% Profits On IWM Today
I couldn’t wait for the market to open today. The new administration’s tariff fiasco is roiling markets and it has allowed me to take 80% on some of my original calls and I had already banked 60% profit on some of the others. My new calls are up over 50% in profit already. I sold…
Canadian Citizens Response To Trade War & The S&P 500
Unless you’re living under a rock, you should know by now that the new U.S. administration has imposed tariffs on Canada, Mexico and China. Canada has responded in kind and I won’t get into Canada’s tariffs but I will get into research into what some Canadians are suggesting at taking action. The follow is information…
White House Announces Tariffs
The market sold off late into the day today because the White House announced tariffs on a bunch of stuff. This isn’t a political blog so I won’t get into the details here but those tariffs are going to impact people’s jobs, investments, and retirement. For me, the immediate effect was to see IWM drop…
Sold IWM Calls Today
I wanted to write a series of posts on a full life-cycle of a covered call transaction with these posts but the volatility in the market is making too many opportunities for me to use my standard methodologies. To that end I took the opportunity to sell more calls on IWM and rake in $700…
Took 60% Profits on IWM Calls
Yesterday was the Federal Reserve meeting and they decided to keeps rate steady which means I had a tough decision to make. Buy back my calls now at 60% return or let them sit. Normally, I would close and roll calls once they hit 80% profit but because the Fed didn’t cut, the next major…