Roll Forward 2 Covered Calls on CRBP - Potential income return 18.15% in 35 days (189.12% annualized)
On September 21, 2020, we roll forwarded 2 covered calls on CRBP stock with expiry on October 16, 2020. For this trade, we got a $45.2 premium (after commissions).
Corbus Pharmaceuticals Holdings, Inc. is a Phase 3 clinical-stage pharmaceutical company focused on the development and commercialization of novel therapeutics to treat inflammatory and fibrotic diseases by leveraging its pipeline of rationally designed, endocannabinoid system-targeting drug candidate
This trade comes as the #28 in…
Covered Call on Deutsche Bank (FRA:DBK) - Potential income return 2.48% in 11 days (82.28% annualized)
On September 21, 2020, we sold 1 covered call on Deutsche Bank (FRA:DBK)) stock expiring on October 2, 2020. For this trade, we got a EUR 23 premium (before commissions).
Deutsche Bank AG is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed in New York Stock Exchange and Frankfurt Stock Exchange. The bank's network spans 58 countries with a large presence in Europe, the Americas and Asia
This trade comes as the #27 in…
Covered Call on ARCC - Potential income return 3.14% in 65 days (17.61% annualized)
On September 18, 2020, we sold 1 covered call on Ares Capital Corporation (ARCC) stock expiring on October 16, 2020. For this trade, we got a $31 premium (before commissions).
This trade comes as the #24 in the month of September, and according to our trading plan for this month, the premium generated from this trade makes us about 3.57% from our $800 monthly goal, while in total we have already reached 45.60% this month
Ares Capital Corporation (NASDAQ: ARCC) is a market-leading Business…
Covered Call on Royal Dutch Shell (AMS:RDSA) - Potential income return 0.85% in 14 days (22.27% annualized)
On September 18, 2020, we sold 1 covered call on Royal Dutch Shell (AMS:RDSA) stock expiring on October 2, 2020. For this trade, we got a EUR 12 premium (before commissions).
Royal Dutch Shell PLC, commonly known as Shell, is a British-Dutch multinational oil and gas company headquartered in the Netherlands and incorporated in England. It is one of the oil and gas "supermajors" and the third-largest company in the world measured by 2018 revenues
This trade comes as the #23 in the month of…
Credit Spread on KODK – 4.42% potential income return in 15 days (107.53% annualized)
On September 17, 2020, we sold a bull put credit spread on KODK stock with an expiry set in the next 15 days (October 2). For this trade, we got a $38 premium (before commissions)
KODK - The Eastman Kodak Company is an American public company that produces various products related to its historic basis in analogue photography. The company is headquartered in Rochester, New York, and is incorporated in New Jersey.
KODK stock first appeared on our radar at the end of July, when the stock…
Sold 4 Credit Spreads on BCRX – 7.8% potential return in 28 days (101.63% annualized)
On September 18, 2020, we sold 4 bull put credit spreads on BCRX stock with an expiry set in the next 28 days. For this trade, we got a $144 premium (before commissions)
BioCryst Pharmaceuticals, Inc. is an American pharmaceutical company headquartered in Durham, North Carolina. The company is a late stage biotech company that focuses on oral drugs for rare and serious diseases.
We have been selling naked puts, credit spreads, and covered calls on BCRX stocks with great success since April…
Covered Call on CRBP - Potential income return 63.21% in 50 days
On September 14, 2020, we sold 1 covered call on CRBP stock expiring on October 16, 2020. For this trade, we got a $25 premium (before commissions).
CRBP - a clinical-stage drug development company pioneering transformative medicines that target the endocannabinoid system
This trade comes as the #16 in the month of September, and if we stick with our trading plan for this month, the premium generated from this trade makes us about 2.9% from our $800 monthly goal, while in total we have…
Closed SDC Covered Call with +$211.80 Profit (23.98% yield in 97 days)
On September 11, 2020, our 100 shares of SDC were called away at the strike price of $9.5.
SmileDirectClub is a teledentistry company. The company was co-founded in 2014 by Jordan Katzman and Alex Fenkell. It is based in Nashville, Tennessee.
We have been in this trade since June 5, 2020, when we established this position buying SDC stock at $8.84 and simultaneously selling a covered call, see: Covered Call on SDC - Potential income return 6.45% in 7 days
Since then we did a few roll…
Covered Call on TLRY - Potential income return 5.35% in 46 days
On September 11, 2020, we sold 1 covered call on TLRY stock expiring on October 2, 2020. For this trade, we got a $15 premium (before commissions).
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 Zealand, Germany, Portugal, and Latin America.
We sold this put, just shortly we got assigned at $6.5 (we were selling credit spread in the past, and…
Covered Call on CRBP - Potential income return 9.04% in 8 days
On September 10, 2020, we sold 2 covered calls on CRBP stock expiring on September 18, 2020. For this trade, we got a $43.2 premium (after commissions).
Corbus Pharmaceuticals Holdings, Inc. is a Phase 3 clinical-stage pharmaceutical company focused on the development and commercialization of novel therapeutics to treat inflammatory and fibrotic diseases by leveraging its pipeline of rationally designed, endocannabinoid system-targeting drug candidate
This trade comes as the #14 in the month…
3 Trades to Generate $320/mo Selling Covered calls on Volatile Stocks
A couple of months ago I wrote an article - 3 Trades to Generate $250/mo Selling Covered calls on Dividend Stocks, concluding that we would need about $12,500 invested to achieve a 2.3% monthly return
Selling covered calls on these three dividend stocks right after buying them ($12,433) would generate about $287/mo. That's a 2.3% return in just 30 days or 27.6% per year.
Today we decided to check, is it possible to reach a similar result with less money invested.
Spoiler alert - it is…
Options contracts Expiring September 11, 2020
Here at OptionsBrew.com we are holding 6 options contracts expiring September 11, 2020
Credit Spreads
AAL $11.5/$10.5
TLRY $6.5/$5.5
It looks like we are safe with the AAL options contract and it will expire worthlessly, but most probably we will get assigned 100 shares of TLRY at the strike price $6.5.
AAL contract expired should free up some $85 in buying power
Cash secured puts
AMC $4.5
if there are no big surprises, this contract should expire worthlessly and free up us…
Update on CRBP Credit Spreads after stock falls more than 70%
Corbus Pharmaceuticals (NASDAQ:CRBP) dropped more than 70% on September 8, 2020, in reaction to an unsuccessful Phase 3 clinical trial, RESOLVE-1, evaluating lead drug lenabasum in patients with a rare autoimmune disorder called diffuse cutaneous systemic sclerosis.
As we are holding 2 credit spreads on CRBP stock, we decided to update our action plan. We are holding September 18 (6/5), and October 16 (5/4) expiry credit spreads
Credit Spread on CRBP – 5.7% potential return in 22 days…
Credit Spread on AMC – 4.94% potential income return in 31 days (58.14% annualized)
On September 8, 2020, we sold a bull put credit spread on AMC stock with an expiry set in the next 31 days (October 9). For this trade, we got a $32 premium (before commissions)
AMC Entertainment Holdings, Inc. is an American movie theater chain headquartered in Leawood, Kansas, and the largest movie theater chain in the world. Founded in 1920, AMC has the largest share of the U.S. theater market ahead of Regal and Cinemark Theatres
Here at OptionsBrew.com, we have been trading AMC with great…
Credit Spread on AMS:INGA – 2.33% Potential Income Return In 39 Days
On September 7, 2020, we sold a bull put credit spread on AMS:INGA stock, set with expiry in the next 39 days (October 16, 2020). For this trade, we got a small EUR 15.42 premium (after commissions)
AMS:INGA - The ING Group is a Dutch multinational banking and financial services corporation headquartered in Amsterdam. Its primary businesses are retail banking, direct banking, commercial banking, investment banking, wholesale banking, private banking, asset management, and insurance services…