Credit Spreads

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 AMR Corporation, the parent company of American Airlines, and US Airways Group, the parent company of US Airways. here is our trade setup…

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 suborbital launches for space science missions. here is our trade setup: SLD 1 SPCE NOV 27 '20 17 Put Option 1.11 USD BOT 1 SPCE…

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 company is a public company. Here is our trade setup: BOT 1 CLF NOV 27 '20 - 7.5 + 6.5 Put Bull Spread  -0.25 USD  For this trade, we got a…

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 teledentistry company. The company was co-founded in 2014 by Jordan Katzman and Alex Fenkell. It is based in Nashville, Tennessee Here is our trade …

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 in our daughter's stock portfolio since September 2019, and currently, we are holding 60 shares with T. Our plan is to get 100 shares with…

Credit Spread on ING Groep (AMS:INGA) – 1.40% Potential Income Return In 37 Days (13.81% annualized)

AMS:INGA bankdutch stocks
On Octoebr 14, 2020, we sold a bull put credit spread on AMS:INGA stock, set with expiry in the next 37 days (Novemebr 20, 2020). For this trade, we got a small EUR 8.42 premium (after commissions) AMS:INGA - The ING Group is a Dutch multinational banking and financial services corporation headquartered in Amsterdam. Its primary businesses are retail banking, direct banking, commercial banking, investment banking, wholesale banking, private banking, asset management, and insurance services. …

Credit Spread on Air France KLM SA (EPA:AF) - Potential income return 3% in 38 days (28.8 annualized)

EPA:AF airline stockseuropean stocksFrench stocksdutch stocks
On October 13, 2020, we sold 1 bull put credit spread on Air France KLM SA (EPA:AF) stock expiring on November 20, 2020. For this trade, we got a EUR 10 premium (before commissions). Air France–KLM S.A., also known as Air France–KLM Group, is a Franco-Dutch airline holding company incorporated under French law with its headquarters at Charles de Gaulle Airport in Tremblay-en-France, near Paris. The group has offices in Montreuil, Seine-Saint-Denis, Paris, and in Amstelveen, Netherlands. These…

Credit Spread on Royal Dutch Shell (AMS:RDSA) - Potential income return 1.24% in 45 days (10.05% annualized)

AMS:RDSA oil stocks
On October 6, 2020, we sold 1 bull put credit spread on Royal Dutch Shell (AMS:RDSA) stock expiring on November 20, 2020. For this trade, we got a EUR 14 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 These trades come as the #7 and #8 in…

Credit Spread on Macy's (NYSE:M) – 3.3% potential income return in 30 days / 40.12% annualized

M
On September 30, 2020, we sold a bull put credit spread on M stock with an expiry set in the next 30 days. For this trade, we get a premium of $23 (before commissions) M stands for Macy's, Inc.  -  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 OCT 30 '20 - 5.5 + 4,5 Put Bull Spread  -0.23 USD  For…

Credit Spread on Virgin Galactic (SPCE) – 0.85% potential income return in 4 days (77.56% annualized)

SPCE space stocks
On September 29, 2020, we sold a bull put credit spread on SPCE stock with an expiry set in the next 4 days (October 2). For this trade, we got a $21 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 suborbital launches for space science missions. here is our trade setup: SLD 1 SPCE OCT 02 '20 19 Put Option 0.43 USD BOT 1 SPCE…

Credit Spread on AMC – 7.82% potential income return in 36 days (79.21% annualized)

AMC movie stocks
On September 24, 2020, we sold a bull put credit spread on AMC stock with an expiry set in the next 36 days (October 30). For this trade, we got a $40 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 here is our trade setup: SLD 1 AMC OCT 30 '20 4.5 Put…

Credit Spread on KODK – 4.42% potential income return in 15 days (107.53% annualized)

KODK
On September 17, 2020, we sold a bull put credit spread on KODK stock with an expiry set in the next 15 days (October 2). For this trade, we got a $38 premium (before commissions) KODK - The Eastman Kodak Company is an American public company that produces various products related to its historic basis in analogue photography. The company is headquartered in Rochester, New York, and is incorporated in New Jersey. KODK stock first appeared on our radar at the end of July, when the stock…

Sold 4 Credit Spreads on BCRX – 7.8% potential return in 28 days (101.63% annualized)

BCRX biotech stocks
On September 18, 2020, we sold 4 bull put credit spreads on BCRX stock with an expiry set in the next 28 days. For this trade, we got a $144 premium (before commissions) BioCryst Pharmaceuticals, Inc. is an American pharmaceutical company headquartered in Durham, North Carolina. The company is a late stage biotech company that focuses on oral drugs for rare and serious diseases.  We have been selling naked puts, credit spreads, and covered calls on BCRX stocks with great success since April…

Update on CRBP Credit Spreads after stock falls more than 70%

CRBP pharma stocks
Corbus Pharmaceuticals (NASDAQ:CRBP) dropped more than 70% on September 8, 2020, in reaction to an unsuccessful Phase 3 clinical trial, RESOLVE-1, evaluating lead drug lenabasum in patients with a rare autoimmune disorder called diffuse cutaneous systemic sclerosis. As we are holding 2 credit spreads on CRBP stock, we decided to update our action plan. We are holding September 18 (6/5), and October 16 (5/4) expiry credit spreads Credit Spread on CRBP – 5.7% potential return in 22 days…

Credit Spread on AMC – 4.94% potential income return in 31 days (58.14% annualized)

AMC movie stocks
On September 8, 2020, we sold a bull put credit spread on AMC stock with an expiry set in the next 31 days (October 9). For this trade, we got a $32 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 Here at OptionsBrew.com, we have been trading AMC with great…