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I believe people spend more time investigating what car to buy than taking care of their personal finances. 35 years ago I decided to learn how to manage, invest and grow my savings. I decided to become fully informed. I built this site to share my strategies and investments. To understand my strategies Continue Reading >>

Today I closed my $60 put strike Home Depot Stock naked puts that will expire tomorrow. This is one of my trades from the Hurricane Sandy strategy article.

Despite it being just 1 day to November options expiry, the market direction remains very poor and it is never worthwhile to hold onto a trade when it can be closed for 4 cents after earning 82 cents in the present market environment.

The chance of Home Depot Stock closing below $60.00 is slim and I  know many investors would not close, but after earning $400 and closing for $20 before commissions, it always makes sense to me to take risk off the table when it is present.

If the market environment was better I  would have held these Home Depot Stock naked puts and let them expire but should politicians make a serious blunder tomorrow or the Middle East explode, it is never surprising to see the market plunge 300 or more points and move Home Depot Stock down to $59.50.

The trade is now closed. You can review the Home Depot Stock trade through this link.

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