Trading plan for August 2020 (Option trades & Stock Buys)

O KO PFE trading plan
Here at OptionsBrew.com, we believe a trading plan is already a 60% key to success. Without further ado, here is our trade plan for the upcoming month of August 2020. We are looking to buy an additional 11 shares of PFE for our Partnership fund. At the end of the month, we should have 45 PFE stocks - once we will have 100 shares of PFE we will start selling covered calls on it, see: Covered Call Trade Idea with Weekly Options - Generate $45/week from this Dow Jones list Dividend Stock.  Also…

Roll Forward F AUG 14 '20 7 Covered Call Option 0.09 USD (8.31% potential income in 65 days)

F bi-weekly optionsroll forward
On July 31, 2020, we roll forwarded 1 covered call on F stock  - a position originally established on June 10, 2020 with the strike price of $7, see: Covered Call on F stock - Potential income return 3.1% in 2 days This trade comes as the #43 in the month of July, and if we stick with our trading plan for this month, premium generated from this trade makes us about 0.94% from our $700 monthly goal, while in total we have already reached 124.80% from our monthly goal This is already the fourth…

Covered Call on PBCT - Potential income return 5.92% in 21 days

PBCT Bank stocksmonthly optionsdividend stocks
On July 31, 2020, we sold 1 covered call on PBCT stock expiring on August 21, 2020. For this trade, we got a $10 premium (before commissions).  This trade comes as the #42 in the month of July, and if we stick with our trading plan for this month, premium generated from this trade setup makes us about 1.08% from our $700 monthly goal, while in total we have already reached 123.86% from our monthly goal. PBCT stands for People's United Financial, Inc. an American bank holding company that owns…

Roll Forward SDC AUG 14 '20 9.5 Covered Call Option 0.47 USD (22.44% potential income in 69 days)

SDC bi-weekly optionsteledentistryroll forwardroll up
On July 31, 2020 we roll forward and roll up 1 covered call on SDC stock  - a position originally established on June 5, 2020 with buying 100 shares with SDC paying $8.83 per share and simultaneously sold $9.00 strike price covered call. See: Covered Call on SDC - Potential income return 6.45% in 7 days SDC stands for SmileDirectClub - a teledentistry company listed on Nasdaq. According to Google, it has a market capitalization of some 2.9 bln. Impressive. This trade comes as the #41 in the…

Naked Put on INGA - Potential income return 2.62% in 21 day

AMS:INGA dutch stocksBank stocks
On July 31, 2020, we sold additional 1 naked put on INGA (dutch stock)  with a strike price set at EUR 5.8 and expiry in the next 21 days (August 21, 2020)/ For this trade we get a EUR 0.16 premium (before commissions) We call these trades naked because we are trading on margin, in case of an assignment we will borrow from broker funds to finance the purchase.  This trade comes as the #40 in the month of July, and if we stick with our trading plan for this month, premium generated from this…

Credit Spread on ET – 5.72% potential return in 29 days

ET natural gas
On July 30, 2020, we sold a bull put credit spread on ET stock set with expiry in the next 29 days (August 28, 2020) Here is our trade setup: BOT 1 ET AUG 28 '20 - 6.5 + 5.5 Put Bull Spread  -0.42  USD   For this trade, we got a premium of 37.2 USD (after commissions) or a 5.72% potential income return in 29 days. That's more than a dollar per day! These trades come as the #38 and #39 in the month of July, and if we stick with our trading plan for this month, premium generated from this…

Credit Spread on TLRY – 2.17% potential return in 9 days

TLRY cannabis stocks
On July 29, 2020, we sold an additional bull put credit spread on TLRY stock with expiry in the next 9 days. Here is our trade setup: BOT 1 TLRY AUG 7 '20 - 7 + 6 Put Bull Spread  -0.2  USD   For this trade, we got a premium of 15.2 USD (after commissions) or 2.17% potential income return in 9 days.  These trades come as the #36 and #37  in the month of July, and if we stick with our trading plan for this month, premium generated from this trade setup makes us about 2.17% from our $700…

Naked Put on INGA - Potential income return 1.53% in 10 days

AMS:INGA Bank stocksdutch stocks
On July 28, 2020, we sold 1 naked put on INGA (dutch stock)  with a strike price set at EUR 6 and expiry in the next 10 days (August 7, 2020)/ For this trade we get an EUR 0.1 premium (before commissions) We call these trades naked because we are trading on margin, in case of an assignment we will borrow from broker funds to finance the purchase.  This trade comes as the #35 in the month of July, and if we stick with our trading plan for this month, premium generated from this trade makes us…

Naked Put on RIOT - Potential income return 14.24% in 25 days

RIOT blockchainbitcoin mining
On July 27, 2020, we sold 1 additional naked put on RIOT stock with a strike price at $2.5 and get for that $0.38 premium (before commissions) RIOT stands for Riot Blockchain company focused on building, supporting, and operating Blockchain technologies.  With Bitcoin price raising over $10,000, it give a nice boost to many "so-called" blockchain companies, including to RIOT. The stock price Monday was up by more than 20%. As long as Bitcoin can sustain this price level, we believe the RIOT…

Credit Spread on AAL – 2.4% potential return in 28 days

AAL airline stocksbull put
On July 24, 2020, we sold an additional bull put credit spread on AAL stock with expiry in the next 28 days. Here is our trade setup: BOT 1 AAL AUG 21 '20 - 10.5 + 9.5 Put Bull Spread  -0.30  USD   For this trade, we got a premium of 25.2 USD (after commissions) or 2.4% potential income return in just 2 days.  These trades come as the #32 and #33  in the month of July, and if we stick with our trading plan for this month, premium generated from this trade setup makes us about 3.6% from our $…

Naked Put on SDC - Potential income return 6.08% in 21 day

SDC teledentistry
On July 24, 2020, we sold 1 naked put on SDC stock with a strike price at $7.5 and expiry on August 14. For this trade, we get a $0.48 in premium (before commissions) We call these trades naked because we are trading on margin, in case of an assignment we will borrow from broker funds to finance the purchase.  This trade comes as the #31 in the month of July, and if we stick with our trading plan for this month, premium generated from this trade makes us about 6.51% from our $700 monthly goal…

Credit Spread on TLRY – 2.17% potential return in 8 days

TLRY pharma stockscannabis stocks
On July 23, 2020, we sold a bull put credit spread on TLRY stock with expiry in the next 8 days. Here is our trade setup: BOT 1 TLRY JUL 31 '20 - 7 + 6 Put Bull Spread  -0.23  USD   For this trade, we got a premium of 15.2 USD (after commissions) or 2.17% potential income return in 8 days.  Tilray is a Canadian pharmaceutical and cannabis company, incorporated in the United States with primary operations headquartered in Toronto, Ontario. Tilray also has operations in Australia & New…

Credit Spread on AAL – 1.38% potential return in 2 days

AAL airline stocksbull put
On July 22, 2020, we sold an additional bull put credit spread on AAL stock with expiry in the next 2 days. Here is our trade setup: BOT 1 AAL JUL 24 '20 - 11 + 10 Put Bull Spread  -0.20  USD   For this trade, we got a premium of 15.2 USD (after commissions) or 1.38% potential income return in just 2 days.  These trades come as the #27 and #28  in the month of July, and if we stick with our trading plan for this month, premium generated from this trade setup makes us about 2.17% from our $…

Naked Put on GPS - Potential income return 2.13% in 10 days

GPS bi-weekly options
On July 21, 2020, we sold 1 naked put on GPS stock with a strike price of $11.5 and expiry in the next 10 days (July 31) and get for that $0.27 premium (before commissions) We call these trades naked because we are trading on margin, in case of an assignment we will borrow from broker funds to finance the purchase.  This trade comes as the #26 in the month of July, and if we stick with our trading plan for this month, premium generated from this trade setup makes us about 3.51% from our $700…

Covered Call on BCS - Potential income return 5.05% in 31 days

BCS Bank stocksUK stocksmonthly options
On July 21, 2020, we sold 1 covered call on BCS stock expiry on August 21, 2020. For this trade, we got a $30 premium (before commissions).  This trade comes as the #25 in the month of July, and if we stick with our trading plan for this month, premium generated from this trade setup makes us about 3.94% from our $700 monthly goal, while in total we have already reached 82.37% from our monthly goal. BCS stands for Barclays PLC - London headquartered multinationl bank holding company - …