Credit Spread on M – 3.1% potential income return in 18 days
On August 10, 2020, we sold a bull put credit spread on M stock with an expiry set in the next 18 days.
M stands for Macy's, Inc. is an American holding company founded by Xavier Warren in 1929. Upon its establishment, Federated held ownership of the regional department store chains Abraham & Straus, Lazarus, Filene's, and Shillito's.
Here is our trade setup:
BOT 1 M AUG 28 '20 - 6.5 + 5.5 Put Bull Spread -0.25 USD
For this trade, we got a premium of 20.6 USD (after commissions) or a…
Naked Put on SDC - Potential income return 6.82% in 25 days
On August 10, 2020, we sold 1 naked put on SDC stock with a strike price at $8 and expiry on September 4. For this trade, we g0t a $0.57 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 #17 in the month of August, and if we stick with our trading plan for this month, the premium generated from this trade makes us about 7.28% from our $750…
Closed AMC Covered Call with +$19.6 Profit (4.94% yield in 4 days)
On August 7, 2020, our 100 shares of AMC were called away at the strike price of $4
We started this trade just a couple of days ago by buying 100 shares of AMC at $3.96 and selling weekly options, for whom we got $0.18 per share
Covered Call on AMC - Potential income return 4.94% in 4 days
This is yet another good example of how covered calls help generate income. We closed this trade with $16.6 collected in premiums plus we realized a value gain of $4 Total $19.6 or 4.94% return 4 days.…
Covered Call on ET - Potential income return 3.16% in 21 days
On August 7, 2020, we sold 1 covered call on ET stock expiring on August 28, 2020. For this trade, we got a $23 premium (before commissions).
We sold this covered call, just shortly we got assigned 100 shares of ET at the strike price $6.5, see Credit Spread on ET – 5.10% potential return in 23 days
This trade come as the #16 in the month of August, and if we stick with our trading plan for this month, the premium generated from this trade makes us about 2.74% from our $750 monthly goal, …
Credit Spread on AMC – 5.55% potential return in 21 day
On August 7, 2020, we sold a bull put credit spread on AMC stock with an expiry set in the next 21 days.
Here is our trade setup:
BOT 1 AMC AUG 28 '20 - 4 + 3 Put Bull Spread -0.27 USD
For this trade, we got a premium of 22.2 USD (after commissions) or a 5.55% potential income return in 21 days. That's more than a dollar per day!
These trades come as the #14 and #15 in the month of August, and if we stick with our trading plan for this month, the premium generated from this trade makes…
Credit Spread on SPCE – 1.51% potential return in 21 day
On August 7, 2020, we sold a bull put credit spread on SPCE stock with expiry in the next 21 days.
Here is our trade setup:
BOT 1 SPCE AUG 28 '20 - 16 + 14.5 Put Bull Spread -0.29 USD
For this trade, we got a premium of 24.2 USD (after commissions) or a 1.51% potential income return in 21 days. That's more than a dollar per day!
These trades come as the #12 and #13 in the month of August, and if we stick with our trading plan for this month, the premium generated from this trade makes us…
Closed INGA Covered Call with +23 EUR Profit (3.44% yield in 53 days)
On August 7, 2020, our 100 shares of INGA (Dutch stock) were called away at the strike price of EUR 6.3
We established a position with INGA stock June 16, 2020, with the strike price of EUR 6.7, see: Covered Call on INGA - Potential income return 4.83% in 3 days
Since then we have done several roll forwards and roll downs. Unfortunately, the latest roll down took away all the nice profit we hade for many weeks
Covered Call on INGA - Potential income return 4.83% in 3 days 0.18 EUR
Roll…
Credit Spread on GPS – 1.29% potential return in 21 day
On August 7, 2020, we sold a bull put credit spread on GPS stock with expiry in the next 21 days.
Here is our trade setup:
BOT 1 GPS AUG 28 '20 - 12.5 + 11.5 Put Bull Spread -0.21 USD
For this trade, we got a premium of 16.20 USD (after commissions) or a 1.29% potential income return in 21 days.
These trades come as the #10 and #11 in the month of August, and if we stick with our trading plan for this month, the premium generated from this trade makes us about 2.16% from our $750…
Credit Spread on SDC – 3.31% potential return in 22 days
On August 6, 2020, we sold a bull put credit spread on SDC stock with expiry in the next 22 days.
Here is our trade setup:
BOT 1 SDC AUG 28 '20 - 7.5 + 6 Put Bull Spread -0.28 USD
For this trade, we got a premium of 23.20 USD (after commissions) or a 3.31% potential income return in 22 days. Slightly bit more than a dollar per day.
These trades comes as the #8 and #9 in the month of August, and if we stick with our trading plan for this month, the premium generated from this trade makes…
Credit Spread on TLRY – 4.74% potential return in 23 days
On August 5, 2020, we sold a bull put credit spread on TLRY stock with expiry in the next 23 days.
Here is our trade setup:
BOT 1 TLRY AUG 28 '20 - 7 + 6 Put Bull Spread -0.38 USD
For this trade, we got a premium of 33.20 USD (after commissions) or 4.74% potential income return in 23 days.
These trades comes as the #6 and #7 in the month of August, and if we stick with our trading plan for this month, the premium generated from this trade makes us about 4.42% from our $750 monthly goal…
Covered Call on NRZ - Potential income return 5.34% in 17 days
On August 4, 2020, we sold 1 covered call on NRZ stock expiring on August 21, 2020. For this trade, we got a $22 premium (before commissions).
This trade comes as the #5 in the month of August, and if we stick with our trading plan for this month, the premium generated from this trade makes us about 2.61% from our $750 monthly goal, while in total we have already reached 12.34% from our monthly goal so far.
here is our trade setup:
BOT 50 NRZ Stock 7.78 USD
SLD 1 NRZ AUG 21 '20 9 Call…
Naked Put on AMC - Potential income return 11.9% in 11 days
On August 3, 2020, we sold 1 naked put on AMC stock with a strike price at $4 and get for that $0.5 premium (before commissions)
This trade comes as the #4 in the month of August, and if we stick with our trading plan for this month, the premium generated from this trade makes us about 6.34% from our $750 monthly goal, while in total we have already reached 9.73% from our monthly goal so far.
AMC stands for - AMC Entertainment Holdings, Inc. (d/b/a AMC Theaters, originally an abbreviation for…
Covered Call on AMC - Potential income return 4.94% in 4 days
On August 3, 2020, we sold 1 covered call on AMC stock expiring on August 7, 2020. For this trade, we got an $18 premium (before commissions).
This trade comes as the #3 in the month of August, and if we stick with our trading plan for this month, the premium generated from this trade makes us about 2.08% from our $750 monthly goal, while in total we have already reached 3.38% from our monthly goal so far.
AMC stands for - AMC Entertainment Holdings, Inc. (d/b/a AMC Theaters, originally an…
Roll Forward and Roll UP BAC AUG 28 '20 28.5 Covered Call Option 0.10 USD (2.82% potential income in 84 days)
On August 3, 2020, we roll forward and roll up 1 covered call on BAC stock - a position originally established at the start of June with the strike price of $29.00, see: Covered Call on BAC - Potential income return 3.52% in 5 days. For this roll forward covered call we got an additional $10 (before commissions).
BAC is our "worst" investment as of now, we bought 100 shares at $28.67, and shortly after our buy BAC dipped to $23-$24 range, making it harder for us to get a decent options…
Roll Forward and Down INGA AUG 7 '20 6.3 Covered Call Option 0.03 EUR (1.79% potential income in 53 days)
On August 3, 2020, we roll forward and roll down 1 covered call on INGA (Amsterdam) stock - a position originally on June 16, 2020 with the strike price of EUR 6.7, see: Covered Call on INGA - Potential income return 4.83% in 3 days For this roll forward covered call we get an additional EUR 3 (before commissions)
This trade comes as the #1 in the month of August, and if we stick with our trading plan for this month, the premium generated from this trade makes us about 0.29% from our $750…