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…

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 $…

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…

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…

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 $…

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…

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 - …

On July 20, 2020 we roll forwarded 2 covered calls on TWO stock  - a position established on June 9, 2020 with the strike prices at $7, see: Sold 2 Covered Calls on TWO stock - Potential income return 30.7% in 10 days For this roll forward we got an additional $27 (before commissions) This trade comes as the #24 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 monthly goal, while in total we…

On July 20, 2020, we sold 1 naked put on BAC stock with a strike price at $23 with expiry in next 4 days (July 24) and get for that $0.25 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 #23 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 3.22% from our $700…

On July 17, 2020, our 300 shares of BCRX  were called away at the strike price of $5 We started this trade back on June 1, 2020 (Covered Call on BCRX - Potential income return 19.08% in 18 days) and rolled up and double on June 19 (Roll Forward and Double Up 3 Covered Calls on BCRX stock - Potential Income Return 25.75% in 47 days) This is yet another good example of how covered calls help generate income. We closed this trade with  $116 collected in premiums plus we realized a value gain of…

On July 17, 2020, we sold a bull put credit spread on NRZ stock with expiry in the next 35 days. Here is our trade setup: BOT  1  NRZ AUG 21 '20 - 7 + 6 Put Bull Spread    -0.21 USD   For this trade, we got a premium of 16.20 USD (after commissions) or a 2.31% potential income return in 35 days.  These trades come as the #21 and #22  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 2.31% from our $700 monthly…

On July 17, 2020, we sold 3 naked puts on BCRX stock with expiry in 35 days (August 21) and with a strike price at $4. For these puts we get $0.45 premium (before commissions) We call these trades naked because we are trading on margin, in case of an assignment we will borrow funds from the broker to finance the purchase.  This trade comes as the #20 in the month of July, and if we stick with our trading plan for this month, premium generated from this trade makes us about 18.25% from our $…

On July 17, 2020 we roll forwarded 1 covered call on SDC stock  - a position originally established at the start of June with the strike price of $9.00, see: Covered Call on SDC - Potential income return 6.45% in 7 days. For this roll forward covered call we got an additional $29 (before commissions) 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 #19 in the…

On July 17, 2020, we roll forwarded 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 got an additional EUR 16 (before commissions) This trade comes as the #18 in the month of July, and if we stick with our trading plan for this month, premium generated from this trade makes us about 2.28% from our $700 monthly goal, while…

On July 16, 2020, we sold 1 additional naked put on RIOT stock with a strike price at $2 and get for that $0.33 premium (before commissions) RIOT stands for Riot Blockchain company focused on building, supporting, and operating Blockchain technologies. 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 July, and if we stick with our trading plan for this…