Finally a positive month for 2015! Don’t get me wrong, I didn’t blow it out of the water but you have to celebrate your wins no matter how big or small. My wins this month came from a couple of covered calls with TRN and my nemesis CLF.
The month of March was also a time to reflect on my trade plans I’d executed over the past month and a half. I don’t plan on changing anything I’ve worked on up to this point primarily because I don’t think I have enough data to see if my plans are really working.
I decided, however, to add USO to the small stack of securities I’m tracking and trading against. My main reason for adding USO to the mix is that it’s at an all-time low. So, in my opinion, I think this would be a great time to get into this ETF on the low side and ride the growth when it moves back up.
Additionally, this ETF is “small account friendly” at $16-$20 so selling cash-secured puts against this ETF fits nicely into the remaining cash I have in my account. We’ll see how this goes for the next quarter and I’ll reassess it in June.
So, with all of that covered, on to the results!
March Net Income: $52.85
Total 2015 Net Income: -$219.24
|Strategy||Underlying||Option||Entry Price||Exit Price||Commission||$ Gain/Loss||% Gain/Loss||# Contracts|
|CC||CLF||Mar 20 7 Call||$.33||$.05||$10.08||$17.92||84.85%||1|
|CC||TRN||Mar 20 33 Call||$.55||$.10||$10.07||$34.93||81.82%||1|