Airbnb ($ABNB) is a young company by most measures, especially as a publicly traded company. I usually shy away from stocks like this because I like to see a better track record before investing. I made an exception with ABNB because I’ve used their services and think they are going to continue to grow quickly after people feel safe traveling again. I would’ve made this trade earlier (and did in my IRA), but wanted to catch it on a dip of more than a few dollars. Instead, ABNB kept pushing higher and I gave in today while it was down around $4 on the day. While ABNB was trading at $213.80, I sold one ABNB April $150 naked put for $4.70 and received $469.33 after … [Read More...]

I had another good month in my account for February. I ended February with a Net Asset Value (NAV) of $130,012.40 according to Interactive Brokers (IB) after ending January with a balance of $127,932.44. That means I’ve gained a touch over $5,000 in two months. I had a paper gain of $2,079.96 (1.63%) on paper in February (below the Dow’s 3.17% and the S&P’s 2.61%, but better than the NASDAQ’s 0.93%). I had only one closing trade (QQQ February $320 covered call) in February and I had a $600.28 loss on it. I also had to pay $87.89 in short dividends and $18.54 in short interest/borrow fees. QQQ is above $320 today and I have a paper profit on the … [Read More...]

It’s good to take a break sometimes. I made no trades in March other than letting my two options expire worthless. I could’ve made a bit more money in the month that that saw the Dow gain 2.71% and the S&P 500 gain 5.24%, but I had a lot on my plate and took the time to focus on my clients’ accounts and other distractions I’ve had. Thankfully, I still made money. I ended April with a Net Asset Value (NAV) of $133,385.58 according to Interactive Brokers (IB) after ending March with a balance of $131,455.06. That gives me a gain of $1,930.52 (~1.47%) on paper. I had two closing trades in April to give me a realized gain of $1,027.89, including the … [Read More...]

I had a pretty good month in my account for January based on having a profit while the large-cap indexes slipped. My account ended January with a Net Asset Value (NAV) of $127,932.44. After starting the year with $125,000 in my account, I’m happy to have a gain of almost $3,000 on paper. I didn’t make any trades in January, but I’m thinking out selling a far out of the money put on ABNB. The premiums are pretty rich for it right now and think it’ll be good long-term. I’d like to be able to make at least $10,000 in this account in 2021. That’s only an 8% gain , so it’s very doable especially with having $3,000 of that … [Read More...]