The Money Tree

Safely Generating Income in Retirement

Posts Tagged ‘NEM’

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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Weekly NP Strategy

Posted by mounddweller on October 27, 2011

Fellow Traders,

As you might expect given the huge rally today I don’t have much in the way of good put trades to offer up.  127 trades met our Weekly NP Strategy criteria, only 1 caught my eye.  It is the NEM $60 which closed today at $0.30 bid.  The stock closed at $66.06.

I have loaded the spreadsheet with the complete list of 127 selections out on the Yahoo Weekly Options group board.  You can find it here: http://finance.groups.yahoo.com/group/weeklyoptions/files/.

Regards,

Troy

 

 

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