Member Login

New Poll

Your Feedback Requested – Site Availability

A positive member experience is very important to us and we have the desire to continually improve that experience. Therefore due to various technical issues with our hosting provider (GoDaddy), [......]

First Visit? Read This Message from Michael Thomsett

thomsett-bio-picThumb

 

Hi, I’m Michael Thomsett, one of the world’s best-selling authors of financial books about Options Investing. You’ve probably seen me on TV, read my blog [......]

New Trade – Deutsche Bank dividend collar

Today I am initiating a new trade, a dividend collar on Deutsche Ban k (DB). As of 30 minutes into the session, DB was trading @ 47.17. Ex-dividend date is [......]

Long candlesticks – good reversal signal as a first step

There are many variations of candlesticks, including one-day, two-day and three-day reversal signals. One of the more reliable is the long candlestick, a day with exceptional distance between open [......]

Covered calls: Still a favorite and for good reasons

Anyone who takes a look at options quickly discovers the most popular strategy: covered call writing. But is the strategy properly classified with all other options as “high risk” [......]

Trade update – exeercising put on Con ED dividend collar

The Consolidated Edison dividend collar was opened on April 29, 18 days ago. Today is last trading day and the stock price has declined below the option strikes. So [......]

Trade update – OHI dividend collar last trading day

This position was opened on April 23 (24 days ago) and ex-dividend date was April 26. The dividend of $46 was earned; today is the last trading day for [......]

Trade update – IBM dividend collar, put exercised

On March 28 I entered a dividend collar on IBM. Today, the last trading day, I am exercising the long put to sell 100 shares at the strike.

The [......]

Trade update – accepting exercise on DOW Chemical

On March 25 I bought 300 shares of Dow Chemical and on APR 24 I sold 3 MAY 33 calls. These are in-the-money and today is last trading day, so [......]

Trade update – accepting exercise on CL covered calls

A covered call was opened on CL back in March, with stock basis @ 116.75 and May 115 calls. The stock has since split 2 for 1, so the revised [......]

The collar – hedging your risks

A collar is a complex option strategy with three parts: Ownership of 100 shares of the underlying stock, a long put, and a covered call. The combination of the [......]