October 2020

Credit Spread on American Airlines Group (NASDAQ: AAL) – 1.92% potential income return in 32 days / 21.88% annualized

AAL airline stocks
On October 26, 2020, we sold a bull put credit spread on AAL stock with an expiry set in the next 32 days (November 27). For this trade, we got a $25 premium (before commissions) AAL - American Airlines Group Inc. is an American publicly traded airline holding company headquartered in Fort Worth, Texas. It was formed on December 9, 2013, by the merger of…

Credit Spread on Virgin Galactic (NYSE:SPCE) – 1.48% potential income return in 35 days / 15.42% annualized

SPCE space stocks
On October 23, 2020, we sold a bull put credit spread on SPCE stock with an expiry set in the next 35 days (November 27). For this trade, we got a $30 premium (before commissions) Virgin Galactic is a British spaceflight company within the Virgin Group. It is developing commercial spacecraft and aims to provide suborbital spaceflights to space tourists and…

Credit Spread on Cleveland-Cliffs (NYSE:CLF) – 2.69% potential income return in 36 days / 27.27% annualized

CLF mining stocks
On October 22, 2020, we sold a bull put credit spread on NASDAQ:SDC stock with an expiry set in the next 36 days. For this trade, we get a premium of $20.20 (after commissions). Cleveland-Cliffs, Inc., formerly Cliffs Natural Resources, is a Cleveland, Ohio-based company that specializes in the mining, beneficiation, and pelletizing of iron ore. The…

Earnings Play: BOT 1 CLF OCT 23 '20 8 Straddle 0.57 USD

CLF earnings play
On October 22, 2020, we bought straddle options on  CLF stock expiring on October 23.  CLF was due to announce earning report October 23 pre-market, and we decided to monetize on it here is our trade setup: BOT 1 CLF OCT 23 '20 8 Call Option  0.37  USD   BOT 1 CLF OCT 23 '20 8 Put Option   0.20 USD  For these trades, we paid 57 USD (before commissions…

Earnings Play: BOT 1 GT OCT 23 '20 10 Straddle 0.40 USD

GT earnings play
On October 22, 2020, we bought our first straddle options GT stock expiring tomorrow October 23.  This is our first experience with straddles and earnings play. These trades were created to learn and understand better how these two (straddles and earnings) are working together here is our trade setup: BOT 1 GT OCT 23 '20 10 Call Option  0.27  USD   BOT …

Credit Spread on SmileDirectClub (NASDAQ:SDC) – 1.63% potential income return in 16 days / 37.18% annualized

SDC teledentistry
On October 21, 2020, we sold a bull put credit spread on NASDAQ:SDC stock with an expiry set in the next 16 days. For this trade, we get a premium of $22 (before commissions) SDC is one of our favorite stocks to trade credit spreads / covered calls on, since April 2020, this stock has made us the most options income so far. SmileDirectClub is a…

Closed Covered Call on Barclays (NYSE:BCS) with +$30 Profit (6.34% yield in 24 days / 136.12% annualized)

BCS Bank stocks
On October 16, 2020, our 100 shares of Barclays (NYSE:BCS)  were called away at the strike price of $5 BCS stands for Barclays PLC - London headquartered multinational bank holding company - Barclays plc is a British multinational investment bank and financial services company, headquartered in London, England. Apart from investment banking, Barclays is…

Closed Covered Call on Ares Capital Corporation (NASDAQ:ARCC) with +$44 Profit (3.4% yield in 65 days / 17.61% annualized)

ARCC
On October 16, 2020, our 100 shares of Ares Capital Corporation (NASDAQ:ARCC)  were called away at the strike price of $14 Ares Capital Corporation (NASDAQ: ARCC) is a market-leading Business Development Company and one of the largest direct lenders in the U.S.(1) Our dynamic global platform combines powerful origination capabilities and extensive…

Credit Spread on AT&T (NYSE:T) – 0.23% potential income return in 17 days / 6.72% annualized

T
On October 20, 2020, we sold a bull put credit spread on NYSE:T stock with an expiry set in the next 17 days. For this trade, we get a premium of $11 (before commissions) AT&T Inc. is an American multinational conglomerate holding company, Delaware-registered but headquartered at Whitacre Tower in Downtown Dallas, Texas We have been holding this stock…

Roll Forward and Roll Down Bank of America (BAC) NOV 27 '20 27.5 Covered Call Option 0.15 USD (0.11% potential income in 172 days / 0.23% annualized)

BAC roll forwardBank stocks
On October 19, 2020, we roll forward and roll down 1 covered call on BAC stock - a position originally established at the start of June with the strike price of $29.00 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 income,…

Covered Call on Call on Corbus Pharmaceuticals (NASDAQ:CRBP) - Potential income return 16.93% in 226 days (27.27% annualized)

CRBP biotech stocks
On October 19, 2020, we sold 1 covered call on CRBP stock expiring on April 16, 2021. For this trade, we got a $10 premium (before commissions). CRBP - a clinical-stage drug development company pioneering transformative medicines that target the endocannabinoid system This trade comes as the #22 in the month of October, according to our trading plan for…

Roll Forward Covered Call on Corbus Pharmaceuticals (NASDAQ:CRBP) - Potential income return 28.2% in 232 days (44.27% annualized)

CRBP biotech stocks
On October 19, 2020, we roll forwarded 1 covered call on CRBP stock with expiry on April 16, 2020. For this trade, we got a small $7.6 premium (after commissions). This trade was originally established as a credit spread on August 27, we got assinged 100 shares on September 14, 2020 and since then we have been selling covered calls This trade comes as the…

Roll Forward 2 Covered Calls on Corbus Pharmaceuticals (NASDAQ:CRBP) - Potential income return 20.24% in 127 days (58.08% annualized)

CRBP biotech stocks
On October 19, 2020, we roll forwarded 2 covered calls on CRBP stock with expiry on January 15, 2020. For this trade, we got a small $11.2 premium (after commissions). This trade was originally established on September 10, buying 200 shares with CRBP at $2.49 per share, see: Covered Call on CRBP - Potential income return 9.04% in 8 days. Since then we have…

Closed Deutsche Bank (FRA:DBK) Covered Call with +34.46 EUR Profit (4.67% yield in 25 days)

FRA:DBK Germany stocks
On October 16, 2020, our 100 shares of Deutsche Bank (FRA:DBK) were called away at the strike price of EUR 7.4 We originally launched this trade just 25 days ago, see: Covered Call on Deutsche Bank (FRA:DBK) - Potential income return 2.48% in 11 days (82.28% annualized), and did one roll forward, see: Roll Forward Deutsche Bank (FRA:DBK) OCT 16 '20 7.4…

Covered Call on BioCryst Pharmaceuticals (NASDAQ: BCRX) - Potential income return 16.5% in 63 days (95.59% annualized)

BCRX biotech stocksmonthly options
On October 16, 2020, we got assigned 400 shares with BCRX stock and sold 4 covered calls on this stock expiring on November 20, 2020. For this trade, we got a $142.40 premium (after commissions) This trade comes as the #19 in the month of October, according to our trading plan for this month, the premium generated from this trade makes us about 23.73% from…