December 2020 Options Income Report - $2,692.38

Welcome to the eight (#8) options income report. The last December we did a total of 57 trades / from which most were credit spreads and covered calls. There are 43 left open trades with expiry in the next months, with most (37) expiring this January (2021) We managed to take $2,692.38 from options income during the month of December, which is about 26.92% from our $10,000 goal for 2020. Also…

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

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…

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

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…

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

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…

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

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.…

Options Trader Club Tbilisi / Georgia

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…

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

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…

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

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 …

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

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…

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

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…

Roll Up ET $7.5 to $8 Covered Call to Protect $0.305 dividend

This position was originally established on April 28, by buying 100 shares of ET at $7.345 and simultaneously selling covered call with a strike $7.5 for a $0.2 premium, see: SLD…

Goal to Reach $10,000 In Trading Income from Selling Covered Calls till the end of 2020

For the past couple of weeks, I've been working on my latest idea of developing an options learning and trading website. The website you are currently reading - optionsbrew.com…

SLD 1 ET MAY 08 '20 7.5 Call Option 0.20 USD

On April 28, 2020, I bought on margin 100 shares of ET at $7.345 per share to sell simultaneously 1 covered call contract with 10 days expiry on May 8, 2020 With this buy, I hope…

SLD 1 BCRX MAY 15 '20 4 Call Option 0.62 USD

On April 28, 2020, I bought on margin 100 shares of BCRX (BioCryst Pharmaceuticals, Inc.) at $3.875 per share to sell simultaneously 1 covered call contract with 15 days expiry on…

SLD 1 GPS MAY 08 '20 8 Call Option 0.22 USD

Bought on margin 100 shares of GPS (Gap Inc) at $7.585 per share to sell simultaneously 1 covered call contract with 7 days expiry on May 8, 2020 Here is the setup: BOT 110 GPS…

SPX 0 DTE Trade on Apr 22'20 using Put and Call Credit Spread +$80.40

I made $80.40 (after commissions) yesterday using $500 of margin with an Iron Condor.  Here is the setup: BOT    1 SPX APR 22 '20 2825 - 2820 Call Bear Spread    -0.60     BOT…