Covered Calls

Covered Call on ET - Potential income return 3.6% in 60 days (21.88% annualized)

ET natural gas
On September 25, 2020, we got assigned 100 shares with ET stock and we sold 1 covered call on this expiring on October 30, 2020. As we were deep in the money, we couldn’t get decent strikes nor decent premiums and ended up this trade with a tiny $4 premium (before commissions). This trade comes as the #37 in the month of September, and according to our trading plan for this month, the premium generated makes us about 0.2% from our $800 monthly goal, while in total we have already reached 82.09…

Covered Call on AMC - Potential income return 5.76% in 35 days (60.01% annualized)

AMC movie stocks
On September 25, 2020, we got assigned 100 shares with AMC stock and we sold 1 covered call on this stock expiring on October 2, 2020. For this trade, we got some small but decent $14 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. This trade comes as the…

Covered Call on AMS:AGN - Potential income return 11.11% in 154 days (26.33% annualized)

AMS:AGN dutch stocks
On September 28, 2020, we sold 3 covered calls AMS:AGN stock expiring on November 20, 2020. For this trade, we got some small but decent EUR 15 premium (before commissions) We opened this trade on June 19, 2020, with writing a put option and AGN. As we get assigned we started to sell covered calls. Today is already the second time we are rolling forwards this trade Aegon N.V. is Dutch multinational life insurance, pensions, and asset management company headquartered in The Hague, Netherlands…

Roll Forward BCS NOV 20 '20 6 2x Covered Call Options 0.05 USD (6.58% potential income in 122 days / 19.61% annualized)

BCS roll forwardBank stocks
On September 24, 2020, we roll forwarded 2 covered calls of BCS stock - a position originally established on July 21, 2020. 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 organized into four core businesses: personal banking, corporate banking, wealth management, and investment management…

Roll Forward PBCT NOV 20 '20 12 Covered Call Option 0.09 USD (6.71% potential income in 112 days / 21.80% annualized)

PBCT roll forwardBank stocks
On September 23, 2020, we roll forwarded 1 covered call on PBCT stock - a position originally established on July 31, 2020, with buying 100 shares of PBCT paying $11.4 per share and simultaneously sold $12.00 strike price covered call. For today’s trade, we got a small $9 premium (before commissions). As PBCT is part of our dividend portfolio, we are happy for any bits, even if these bits are coming from two-month long options contracts. PBCT stands for People's United Financial, Inc. an…

Roll Forward and Down TWO OCT 16 '20 5 2x Covered Call Options 0.17 USD (6.57% potential income in 129 days / 18.52% annualized)

TWO roll downroll forward
On September 23, 2020, we roll forwarded and rolled down 2 covered calls on TWO stock - a position originally established on June 9, 2020, with the strike prices at $7. With the market tanked we were not able to get any options premium with the strike prices $7 or $6 and because we are trading on margin, it was agreed to roll down this covered call to the strike price at $5.   With the current share price hovering around $5 we are risking to miss a dividend (ex-date September 30), as our…

Roll Forward TLRY OCT 30 '20 7 Covered Call Option 0.10 USD (8.17% potential income in 86 days / 34.64% annualized)

TLRY roll forward
On September 22, 2020, we roll forward 1 covered call on TLRY stock  - a position originally established at the last week of August (Covered Call on TLRY - Potential income return 5.85% in 30 days), but started as a credit spread at the start of August, see: Credit Spread on TLRY – 4.74% potential return in 23 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…

Roll Forward and Roll Down Bank of America (BAC) OCT 16 '20 28 Covered Call Option 0.10 USD (1.41% potential income in 129 days / 3.95% annualized)

BAC roll forwardBank stocks
On September 22, 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, without sacrificing our strike prices. This trade comes as the #30 in the month of September, according to our trading plan for this month, the…

Covered Call on BCS - Potential income return 6.34% in 24 days

BCS Bank stocks
On September 22, 2020, we sold 1 covered call on BCS stock expiring on October 16, 2020. For this trade, we got a small $10 premium (before commissions). BCS - Barclays PLC - London headquartered multinationl 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 organised into four core businesses: personal banking, corporate banking, wealth management, and…

Roll Forward 2 Covered Calls on CRBP - Potential income return 18.15% in 35 days (189.12% annualized)

CRBP roll forward
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)

FRA:DBK Germany stocksBank stocks
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)

ARCC
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)

AMS:RDSA oil stocks
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…

Covered Call on CRBP - Potential income return 63.21% in 50 days

CRBP biotech stocks
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…

Covered Call on TLRY - Potential income return 5.35% in 46 days

TLRY cannabis stocks
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…