Lynx Broker Review - Low Cost Online European Stock and Options Broker

Lynx broker is Amsterdam based low-cost European stock and options broker, offering one of the cheapest options trades for European stock exchanges. Options trades for Amsterdam stock exchange-listed stocks are as low as 0.8 EUR. For US options the cost is a bit higher - $2.4. Buying/selling stocks is possible too - the commissions are $5 for US-listed stocks and EUR 6 for European stocks I have been using Lynx Broker both for stock buying and holding and options trading since May 2018. See…

Covered Call on NRZ - Potential income return 8.3% in 35 days

NRZ
On May 15, 2020, I sold a covered call on NRZ stock  - a position established earlier in the year for $5.75 per share. I have been already selling covered calls on NRZ  but was not keeping notes properly. (See screenshot below) Here is the trade setup: SLD 1 NRZ JUN 19 '20 6 Call Option  0.5 USD   I got an immediate return $50 dollars from this contract, here is what can happen next: On Expiry date (June 19, 2020) NRZ is trading above our strike price of $6, our 100 shares get called away,…

Covered Call on RDSA - Potential income return 2% in 7 days

AMS:RDSA
On May 15, 2020 I got assigned 100 shares of RDSA from Amsterdam stock exchange at EUR 14.8 per share. This is not a trade I would call something I'm excited about, I just didn't want to close the ratio back spread I opened a few days ago with a loss, because of the uncertainty in the oil market. I decided I will better take an assignment and start selling covered calls to break even and hopefully make some small income from this trade. Put Ratio Back Spread on RDSA - 0.7% potential income in…

Closed BCRX Covered Call with +$75 Profit (19.3% yield in 15 days)

BCRX
On May 15, 2020  our 100 shares of BCRX were called away at strike price $4 We established a position with BCRX om April 28, 2020, buying 100 shares at $3.875 per share and simultaneously selling 1 covered call contract with 15 days expiry on May 15, 2020. See: SLD 1 BCRX MAY 15 '20 4 Call Option 0.62 USD This is a good example of how covered calls help generate income. We closed this trade with a hefty +$0.62 premium plus realized a value gain of $0.13 We could try to roll up and forward…

Covered Call Trade Idea - Generate $214/mo from this Stock

INTC
This is not a trade recommendation, this is a trade idea. I'm not a financial advisor, anything written here should be taken with a grain of salt. I take no responsibility If you will decide to invest On May 15, 2020 I bought 5 shares of INTEL Corporation (INTC) as a gift in a nameday to the little Sophie girl (this was a promise to my dad, who passed away a couple of days ago). The plan is to acquire at least 100 shares and start selling covered calls to generate semi-passive monthly income…

Roll Forward INGA MAY 22 '20 5 Covered Call Option 0.14 EUR

AMS:INGA
We established a covered call position on this Amsterdam stock exchange INGA stock earlier this week, looking for a quick 4% potential income in 4 days. Our shares didn't get called away as the stock didn't cross our strike price of EUR 5 we were able to Roll forward this contract to the next week's expiry collecting more premium / lowering our cost basis. Covered Call on INGA - Potential income return 4.09% in 4 days For this roll forward to the next week's expiry, we got additional credit…

Roll Forward GPS MAY 22 '20 8 Covered Call Option 0.27 USD

GPS
For the second week in a row, we keep rolling forward covered call on GPS stock, a position I established earlier at the start of the month.  For this roll forward to the next week's expiry, we got additional credit of $0.27. We call it a wheel strategy.  Here is the trade setup: SLD 1 GPS MAY 22 '20 8 Call Option  0.27 USD   This position was originally established just 14 days ago by buying 100 shares of GPS at $7.59 SLD 1 GPS MAY 08 '20 8 Call Option 0.22 USD With today's roll forward…

Covered Call on INGA - Potential income return 4.09% in 4 days

AMS:INGA
On May 11, 2020, I bought on margin 110 shares of INGA stock (ING Group) at Amsterdam stock exchange, paying EUR 4.88 per share INGA is a Dutch dividend stock, paying dividends bi-annually, the current dividend yield is a bit above 14%. When writing covered calls, we prefer to write them on good dividend stocks. It's hard to tell - is ING a good short term buy, but overall that's one of the largest banking corporations in the World.   With total assets of US$1.1 trillion, it is one of the…

Put Ratio Back Spread on RDSA - 0.7% potential income in 4 days

AMS:RDSA
I made this ratio back spread on RDSA from Amsterdam stock exchange to offset a loss from a losing ratio back spread made and increase my margin buying power. In the past, I have played a bit with the ratio back spread trades, but I cannot report any good results so far. I have  Here is the trade setup:     SLD  1  RDSA    MAY 15 '20 14.8 Put Option (ROY)  0.23    EUR      BOT  2  RDSA    MAY 15 '20 13.8 Put Option (ROY)  0.06    EUR   Received net credit: 0.11 EUR what happens next? If…

RDSA Bull Put Credit Spread – 4.4% potential return in 39 days

AMS:RDSA dutch stocks
On May 11, 2020, I sold a bull put credit spread on RDSA:AEX stock with expiry in the next 39 days. RDSA:AEX stands for Royal Dutch Shell stock sold on Amsterdam stock exchange. RDSA is one of the rare European stocks I occasionally trade. As I'm trading in Europe all prices are set in EUR. To keep things simple I will enter them 1:1 as USD trades in my trade journal. Here is the trade setup: SLD 1 RDSA JUN 19 '20 15.2 Put Option (ROY)  0.91 EUR  BOT 1 RDSA JUN 19 '20 12.8 Put Option (ROY…

Options Trader Club Tbilisi / Georgia

TbilisiOptions Trader Club Tbilisi
I hope Google will index this post and someday options traders from Tbilisi, or traders from abroad, somehow connected to Georgia, will read this and will contact me  In short, I have an idea to create an informal options trader club of Tbilisi - uniting both local and ex-pat traders. King David Tower in Tbilisi Meetings could happen bi-weekly at Marriot, Raddison, or Holliday Inn. Possible topics - covered calls, naked puts and probably live trading sessions, the sky is the limit when…

Roll Forward GPS MAY 15 '20 8 Covered Call Option 0.27 USD

GPS
With GPS stock price hovering around $7.91 on Friday evening just before the options expiry, I decided not to risk with a possible assignment of our 100 shares getting called away at $8 and bought back call option for $0.02, to roll forward it the next week's expiry for additional credit $0.29. We call it a wheel strategy.  Here is the trade setup: BOT 1 GPS MAY 08 '20 8 Call Option 0.02 USD   SLD 1 GPS MAY 15 '20 8 Call Option  0.29 USD   This trade was originally launched just 7 days ago…

SDC – Credit Spread – 7.5% potential return in 23 days

SDC teledentistry
On May 6, 2020, I sold a bull put credit spread on SDC stock with expiry in the next 23 days. Here is my trade setup: BOT 1 SDC MAY 29 '20 - 7 + 5.5 Put Bull Spread -0.53 USD  For this trade, I got a premium of 53 USD (before commissions) or a 7.5% potential income return in 32 days. So what happens next? On expiry day (May 29, 2020) SDC is trading above $7 per share - my options expire and I keep premium - if SDC trades under $7 on expiry date I  get assigned. But as I already have…

SLD 1  ET MAY 29 '20 7.5 Put Option 0.37 USD

ET
On May 6, 2020, I sold a naked put option on ET stock with expiry May 29, 2020 This trades comes just after 100 shares of ET got called away Here is the trade setup SLD 1  ET MAY 29 '20 7.5 Put Option 0.37 USD Potential income return 4.93% in 23 days Break-even: $7.13 In case our break-even points will get challenged we will roll down or take the assignment to sell covered calls. Running Total  8 Trades since April 6, 2020 Trade P/L $121

Covered Call Trade Idea - Generate $100/mo from this Stock

BAC
This is not a trade recommendation, this is a trade idea. I'm not a financial advisor, anything written here should be taken with a grain of salt. I take no responsibility If you will decide to invest. Back at the end of March 2020, when my portfolio lost about 80% in value, I started to look at "volatile" options trading strategies, which might help to "pump" cash in my portfolio . A fellow trader has been talking about ratio back spreads for a while and I decided to give a try. One of the…