Covered Calls

Roll Forward SPCE JUN 26 '20 16.5 Covered Call Option 0.32 USD (10.3% potential income in 21 days)

SPCE weekly options
On June 19, 2020 we roll forwarded 1 covered call on SPCE stock  - a position established on June 5, 2010 with the strike price of $16.50, see: Covered Call on SPCE - Potential income return 7.2% in 7 days. For this roll forward covered call we got an additional $32 (before commissions) As SPCE was trading below our strike price on the expiry date, we just roll forward to the next week's expiry SLD 1 SPCE JUN 26 '20 16.5 Call Option 0.32 USD what can happen next: SPCE is trading below our…

Roll Forward F JUL 02 '20 7 Covered Call Option 0.13 USD (6.17% potential income in 22 days)

F roll forward
On June 19, 2020 we roll forwarded 1 covered call on F stock  - a position originally established 9 days ago (On June 10, 2020) with the strike price of $7, see: Covered Call on F stock - Potential income return 3.1% in 2 days This is already the second time we are roll forwarding this trade, as we were not able to get a decent option price for w weekly options, we sold options with expiry date in two weeks, see: Roll Forward F JUN 19 '20 7 Covered Call Option 0.16 USD (4.64% potential income…

Roll Forward INGA JUL 03 '20 6.7 Covered Call Option 0.11 EUR

AMS:INGA roll forward
On June 19, 2020, we roll forwarded 1 covered call on INGA (Amsterdam) stock  - a position originally established a couple of days ago 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 11 (before commissions) We were looking to sell weekly options, but as the INGA stock price fell to EUR 6.2 on the expiry date, we were not able to get "fair options price" with the weekly options,…

Roll Forward and Double Up 3 Covered Calls on BCRX stock - Potential Income Return 25.75% in 47 days

BCRX roll forwardmonthly optionsdouble up
On June 19, 2020, we bought on margin 210 shares of BCRX stock (BioCryst Pharmaceuticals, Inc.)  paying $4.12 per share and simultaneously sold 3 July 17, 2020, covered calls at the strike price of $5 for what we got a premium of $0.41 (before commissions) We now are holding 330 shares of BCRX, and 300 shares are used to sell covered calls on. Today's trade comes as a roll forward and double up, the position was originally established on June 1, 2020, with 1 covered call contract, which…

Covered Call on XIN - Potential income return 9.04% in 212 days

XIN dividend stocks
On June 17, 2020, we sold 1 covered call on XIN stock with a long expiry date in January 2021. For this trade, we got a $25 premium (before commissions). We established this covered just shortly we got assigned a put, see: Naked Put on XIN - Potential income return 5.04% in 22 days We have been holding XIN stock as a great dividend stock in our portfolio, but with the recent market downturn, XIN has slashed its dividend to a minimum, and it was decided to sell additional covered calls, even…

Sold 5 Covered Calls on WPG stock - Potential to Break Even Our Original Investment in 213 days (Recovery trade)

WPG recovery trade
On June 16, 2020, we sold 5 covered calls on WPG stock, with a long expiry date in January 2021. For this trade, we got a $200 premium (before commissions) Long story short - we have been buying and holding WPG stock for dividends, since late 2018, at the start, it seemed like a nice dividend stock. We have been buying this stock at $7, $5, $2.5.. one of our latest buys were at the stock price at $0.86. Using dollar cost average, our cost basis per 1 WPG share is $2.92 WPG has been called a…

Covered Call on INGA - Potential income return 4.83% in 3 days

AMS:INGA dividend stocksweekly options
On June 16, 2020, we bought on margin 90 shares of INGA stock (ING Group) at Amsterdam stock exchange, paying EUR 6.683 per share, as we already had 10 shares with a cost basis EUR 4.80 per share and simultaneously sold June 19, 2020 expiry covered call at the strike price of EUR 6.7 for what we got a premium of EUR 0.2 (before commissions). Our total investment in this trade EUR 650.27 INGA is a Dutch dividend stock, paying dividends bi-annually, the current dividend yield is a bit above 14…

Roll Forward SDC JUL 17 '20 9 Covered Call Option 0.30 USD (8.72% potential income in 41 day)

SDC roll forward
On June 15, 2020 we roll forwarded 1 covered call on SDC stock  - a position originally established earlier at the start of the month 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 $30 (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 #…

Roll Forward BAC JUN 26 '20 29 Covered Call Option 0.12 USD (3.69% potential income in 18 days)

BAC roll forward
On June 15, 2020 we roll forwarded 1 covered call on BAC stock  - a position originally established last Monday 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 $12 (before commissions) We bought 100 shares with BAC at $28.87 just a week ago, today BAC was trading under $24.00. We could "play" with other strike prices to get larger premium, but we believe a potential income of 3.69% in…

Roll Forward SPCE JUN 19 '20 16.5 Covered Call Option 0.35 USD (9.21% potential income in 14 days)

SPCE roll forward
On June 12, 2020 we roll forward 1 covered call on SPCE stock  - a position originally established last Friday with the strike price of $16.50, see: Covered Call on SPCE - Potential income return 7.2% in 7 days. For this roll forward covered call we got an additional $35 (before commissions) This trade comes as the ninth in the month of June, and if we stick with our trading plan for this month, premium generated from this trade makes us about 5.43% from our $600 monthly goal, while in total…

Roll Forward F JUN 19 '20 7 Covered Call Option 0.16 USD (4.64% potential income in 9 days)

F roll forward
On June 12, 2020 we roll forward 1 covered call on F stock  - a position originally established a couple of days ago with the strike price of $7, see: Covered Call on F stock - Potential income return 3.1% in 2 days As F was trading below our strike price on the expiry date, we just roll forward to the next week's expiry SLD 1 F JUN 19 '20 7 Call Option 0.16 USD what can happen next: F is trading below our strike price of $7 at the expiry date (June 19, 2020), in such case, we keep the…

Covered Call on F stock - Potential income return 3.1% in 2 days

F Lopota lakeOptions Trader Club Tbilisiweekly options
On June 10, 2020, we bought on margin 100 shares of F stock (Ford Motor Company)  paying $6.925 per share and simultaneously sold June 12, 2020 expiry covered call at the strike price of $7 for what we got a premium of $0.14 (before commissions) This trade comes as the seventh in the month of June, and if we stick with our trading plan for this month, premium generated from this trade makes us about 1.93% from our $600 monthly goal, while in total we have already reached 88.63% from our goal…

Sold 2 Covered Calls on TWO stock - Potential income return 30.7% in 10 days

TWO RMBSmonthly options
On June 9, 2020, we bought on margin 200 shares of TWO stock (Two Harbors Investment Corp)  paying $6.368 per share and simultaneously (buy/write) sold 2 June 19, 2020 expiry covered call contracts at the strike price of $7 for what we got a premium of $1.35 (before commissions) This trade comes as the sixth in the month of June, and if we stick with our trading plan for this month, premium generated from this trade makes us about 45% from our $600 monthly goal, while in total we have already …

Covered Call on BAC - Potential income return 3.52% in 5 days

BAC Bank stocksdividend stocksweekly options
On June 8, 2020, we bought on margin 102 shares of BAC stock (Bank of America)  paying $28.655 per share and simultaneously sold June 12, 2020 expiry covered call at the strike price of $29 for what we got a premium of $0.66 (before commissions) This trade comes as the fifth in the month of June, and if we stick with our trading plan for this month, premium generated from this trade makes us about 10.6% from our $600 monthly goal, while in total we have already reached 42.5% from our goal in…

Covered Call on SDC - Potential income return 6.45% in 7 days

SDC
On June 5, 2020, we bought on margin 110 shares of SDC stock (SmileDirectClub Inc)  paying $8.83 per share and simultaneously sold June 12, 2020 expiry covered call at the strike price of $9 for what we got a premium of $0.4 (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 fourth in the month of June, and if we stick with our trading plan for…