As part of morphing from a straight “buy stock on buy days and sell at Profit Target” I’ve chosen to sell Cash Secured Puts (CSP’s) when a dividend date is not near. This is a more efficient way of entering a position or taking the PT profit without ever owning the stock.
At the end of this notice is part of my journal entry for this trade. Questions (or critiques!) are ALWAYS welcome. I include the journal notes to sort of document the changes occurring in my version of TtP-S.
| TtP-S | As of: 07/07/15 12:29 TtP-S Alert Display Format 2 Version 2.1 | |||||||
| Moderator Message (if any): Today’s Buys & Sells. Pete A | SPY | DIA | ||||||
| Previous Close | 206.72 | 176.68 | ||||||
| Current Price | 205.52 | 175.57 | ||||||
| Day Low | 205.25 | 175.39 | ||||||
| % Chg from Prev Close | -0.71% | -0.73% | ||||||
| Buy Day! | ||||||||
| (Based on low of the day) | ||||||||
| Today’s Buys/Sells | ||||||||
| Ticker | Buy Price | Buy Date | Profit Target | Sell Price | Sell Date | Profit Percent | Annualized RoI % | Current Position |
| INTC | 28.00 | 2015-07-07 | 28.84 | – – | – – | – – | – – | Bought |
Journal Page:
INTC 7/7/2015 Sell CSP
Tuesday, July 07, 2015
9:18 AM
Down Day.
7/7/2015 9:20 AM – Screen Clipping
Decent RSI and <=20% concentration
7/7/2015 9:19 AM – Screen Clipping
Chose expiry < 100 days; ARoI >= 15% and cash flow exceding the TTP-S PT. Bought at the BID because .01 bid/ask spread
7/7/2015 9:18 AM – Screen Clipping
A reasonable chart in that INTC is down near annual lows:
7/7/2015 9:24 AM – Screen Clipping
