The Money Tree

Safely Generating Income in Retirement

Archive for November 4th, 2011

What Others are Trading – NOV 2011

Posted by mounddweller on November 4, 2011

Fellow Traders,

Each month I create a message on my blog for my readers to post their favorite trades.  I’m a few days late this month but here you go.  What have you been successfully trading these past few weeks?  What looks good to you right now?  Let your voice be heard.  Post your replies here.

Regards,

Troy

 

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Weekly NP Strategy – NOV 4 Exp.

Posted by mounddweller on November 4, 2011

Fellow Traders,

A quick post to update you on the one trade I recommended last week for our Weekly NP Strategy.  You’ll recall out of the 127 selections offered by our screening criteria only 1 was of interest to me.  That was the Newmont Mining (NEM) $60 put.  At the time of selection NEM was trading at $66.06 and the NOV4 $60 put was at $0.30 bid.

Today NEM closed at $69.38.  Thus our $60 put finished well OTM.  This trade gave us a gross (before commissions) ROIC of 0.5% with an 8 day holding period.  Annualized our ROIC is 22.81%.

I’ll be back later this weekend with a new round of possible trades from our other naked put trading strategy, the Deep OTM NP Strategy.  We’ll be looking at the regular monthly puts with a November 19 expiration.

Regards,

Troy

 

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