Delta - A Timing Device For Options Trading [View instapost]
Thank you ... I find that we can all use as many reliable indicators as we can find. However, relying on any single indicator may also mislead. I have recently become a believer in short-term options swing trading, based on underlying chart reversals and confirmation, and delta works as one of several valuable indicators in that process. - Michael (ThomsettOptions.com)
Please Come To A Free Webinar About The Covered Call - This Wednesday 4:30 EST [View instapost]
Even if you cannot attend, please register now and view the webinar later. After it is complete, you will receive an e-mail with instructions for downloading. Thanks, I hope to see you there. - M
The Dividend Collar - Double-Digit Returns And Low Risk Combined In One Strategy [View instapost]
Thank you for your comments. I have also been experimenting with a calendar version, with short call one month later than put. This virtually eliminates early exercise risk since no one would want to "buy" all of the time value. I have opened 6 dividend collars over the past month (best one was on IBM) in my virtual portfolio at my website, ThomsettOptions.com -- here they are:
IBM - div. collar 0.85 - 5/6 ex-d 28-Mar IBM - buy 100 sh @ 209.85 20,985 28-Mar IBM - buy 1 MAY 210 put @ 5.40 540 28-Mar IBM - sell 1 MAY 210 call @ 5.65 -565
COP - div. collar 5.14 ex-d, 0.66 div per share 2-Apr BUY 100 shares @ 60.31 6,031 2-Apr BUY 1 MAY 60 put @ 1.32 132 2-Apr SELL 1 MAY 60 call @ 1.49 -149
The Dividend Collar - Double-Digit Returns And Low Risk Combined In One Strategy [View instapost]
Actually, I have located some further-out situations in which call and put are attractive, but you are correct that it is more likely to occur within one month prior to ex-dividend date. The intention of this strategy is to move in and out of the position at least once per month, in order to convert quarterly dividends to monthly, leading to the higher yield. I am discovering that there are ample chances for this and at the moment, I have five dividend collars open (MO, GIS, GD, CL, and IBM). All will be profitable regardless of underlying direction, and all have expirations in April or May. I also encourage you to consider getting my book on this topic, "Options for Risk-Free Portfolios" (Palgrave-Macmillan, 2013). Thanks for writing. - Michael
Delta As A Signal For Timing Entry And Exit [View instapost]
Delta - A Timing Device For Options Trading [View instapost]
Please Come To A Free Webinar About The Covered Call - This Wednesday 4:30 EST [View instapost]
Please Come To A Free Webinar About The Covered Call - This Wednesday 4:30 EST [View instapost]
Please Come To A Free Webinar About The Covered Call - This Wednesday 4:30 EST [View instapost]
Please Come To A Free Webinar About The Covered Call - This Wednesday 4:30 EST [View instapost]
The Dividend Collar - Double-Digit Returns And Low Risk Combined In One Strategy [View instapost]
Date
opened description basis
GIS modified dividend collar (4/8 ex-div)
21-Mar GIS - buy 100 shares @ 47.67 4,767
21-Mar GIS - buy 1 APR 48 put @ 1.15 115
26-Feb GIS - sell 2 APR 46 calls @ 0.80 -160
27-Feb MO - dividend collar: buy 100 shares @ 34.10 3,410
19-Mar sell 1 APR 34 call @ 0.26 -26
buy 1 APR 34 put @ 0.88 88
Gen. Dynamics (GD) - div. collar 4/8 ex. 0.56 div
26-Mar buy 100 shares @ 70.31 7,031
26-Mar buy 1 APR 70 put @ 1.40 140
26-Mar sell 1 MAY 70 call @ 2.15 -215
Colgate-Palmolive (CL) div. collar 0.68 4/19 ex.
27-Mar CL - buy 100 shares @ 116.75 11,675
27-Mar CL - buy 1 APR 115 put @ 0.90 90
27-Mar CL - sell a MAY 115 call @ 3.35 -335
IBM - div. collar 0.85 - 5/6 ex-d
28-Mar IBM - buy 100 sh @ 209.85 20,985
28-Mar IBM - buy 1 MAY 210 put @ 5.40 540
28-Mar IBM - sell 1 MAY 210 call @ 5.65 -565
COP - div. collar 5.14 ex-d, 0.66 div per share
2-Apr BUY 100 shares @ 60.31 6,031
2-Apr BUY 1 MAY 60 put @ 1.32 132
2-Apr SELL 1 MAY 60 call @ 1.49 -149
The Dividend Collar - Double-Digit Returns And Low Risk Combined In One Strategy [View instapost]
Free Recording Of Last Night's Webinar [View instapost]
Free Webinar - All About Trends And Technical Analysis [View instapost]
No Cost, Live Webinar On Topic Of Trend Analysis [View instapost]
How Trends Work Well With Candlestick Analysis [View instapost]
New Book Released [View instapost]
The Dividend Collar - Double-Digit Returns And Low Risk Combined In One Strategy [View instapost]
Options Education At Bargain Prices [View instapost]
Synthetic stock strategies:
http://bit.ly/Xvi5Bs
Options boot camp, basic training:
http://bit.ly/V7o3vj
Covered call training course:
http://bit.ly/Xvi5RG
Covered call webinar:
http://bit.ly/V7o16J
Dividend collar webinar:
http://bit.ly/Xvi8gv