Credit Spreads

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…

Credit Spread on AMS:INGA – 2.33% Potential Income Return In 39 Days

AMS:INGA Bank stocks
On September 7, 2020, we sold a bull put credit spread on AMS:INGA stock, set with expiry in the next 39 days (October 16, 2020). For this trade, we got a small EUR 15.42 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 ET – 2.53% Potential Income Return In 35 Days

ET natural gas
On September 4, 2020, we sold a bull put credit spread on ET stock, set with expiry in the next 35 days (October 9, 2020). For this trade, we got a small $15.2 premium (before commissions) Energy Transfer Partners (now legally Energy Transfer Operating L.P.) is a company engaged in natural gas and propane pipeline transport. It is organized in Delaware and headquartered in Dallas, Texas. It was founded in 1995 by Ray Davis and Kelcy Warren, who remains Chairman and CEO. It owns a 36.4%…

Credit Spread on FCEL – 4.08% potential income return in 16 days

FCEL
On September 2, 2020, we sold a bull put credit spread on FCEL stock with options expiry set in the next 16 days. FCEL - FuelCell Energy, Inc. is a fuel cell power company. It designs, manufactures, operates and services Direct Fuel Cell power plants that run on natural gas and biogas. As the biggest publicly traded fuel cell manufacturer in the U.S., the company operates over 50 plants all over the world Here is our trade setup: BOT 1 FCEL SEP 18 '20 - 2.5+ 2 Put Bull Spread  -0.15  USD…

Credit Spread on TLRY – 4.58% potential return in 29 days

TLRY cannabis stocks
On September 3, 2020, we sold a bull put credit spread on TLRY stock with an expiry set in the next 29 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 Zealand, Germany, Portugal, and Latin America. Here is our trade setup: BOT 1 TLRY OCT 2 '20 - 5.5 + 4.5 Put Bull Spread  -0.30  USD   For this trade, we got a premium of 25.20 USD (after…

Credit Spread on CRBP – 8.64% potential return in 44 days

CRBP pharma stocks
On September 2, 2020, we sold a bull put credit spread on CRBP stock with options expiry set in the next 44 days. CRBP  - 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 candidates Pharma and Biotech stocks have some juicy premiums, that's one of the…

Credit Spread On ET – 2.95% Potential Return In 25 Days

ET natural gas
On August 35, 2020, we sold a bull put credit spread on ET stock set with expiry in the next 25 days (September 25, 2020) Here is our trade setup: BOT 1 ET SEP 25 '20 - 6.5 + 5.5 Put Bull Spread  -0.24  USD   For this trade, we got a premium of 19.2 USD (after commissions) or a 2.95% potential income return in 25 days. These trades come as the #60 and #61 in the month of August, and if we stick with our trading plan for this month, the premium generated from this trade makes us about 2.56%…

Credit Spread on AMC – 3.44% potential return in 28 days

AMC movie stocks
On August 28, 2020, we sold a bull put credit spread on AMC stock with an expiry set in the next 28 days. Here is our trade setup: BOT 1 AMC SEP 25 '20 - 5 + 4 Put Bull Spread  -0.22  USD   For this trade, we got a premium of 17.2 USD (after commissions) or a 3.44% potential income return in 28 days.  These trades come as the #57 and #58 in the month of August, and if we stick with our trading plan for this month, the premium generated from this trade makes us about 2.29% from our $750…

Credit Spread on CRBP – 5.7% potential return in 22 days

CRBP pharma stocks
On August 27, 2020, we sold a bull put credit spread on CRBP stock with options expiry set in the next 30 days. CRBP  - 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 candidates Pharma and Biotech stocks have some juicy premiums, thats one of the…

Credit Spread on AAL – 1.84% potential return in 30 days

AAL airline stocks
On August 26, 2020, we sold another bull put credit spread on AAL stock with expiry in the next 30 days. Here is our trade setup: BOT 1 AAL SEP 25 '20 - 11.5 + 10.5 Put Bull Spread  -0.26  USD   For this trade, we got a premium of 21.20 USD (after commissions) or 1.84% potential income return in 30 days.  These trades come as the #52 and #53 in the month of August, and if we stick with our trading plan for this month, the premium generated from this trade makes us about 2.82% from our $750…

Credit Spread on SDC – 2.74% potential return in 24 days

SDC bull put
On August 25, 2020, we sold a bull put credit spread on SDC stock with expiry in the next 24 days. Here is our trade setup: BOT 1  SDC  SEP 18 '20 - 7 + 6 Put Bull Spread -0.26 USD    For this trade, we got a premium of 21.20 USD (after commissions) or a 2.74% potential income return in 24 days. These trades come as the #50 and #51 in the month of August, and if we stick with our trading plan for this month, the premium generated from this trade makes us about 2.56% from our $750 monthly…

Credit Spread on BCRX – 7.3% potential return in 29 days

BCRX monthly options
On August 20, 2020, we sold a bull put credit spread on BCRZ stock with expiry in the next 29 days. Here is our trade setup: BOT 1 BCRX SEP 18 '20 - 4 + 3 Put Bull Spread  -0.34  USD   For this trade, we got a premium of 29.2 USD (after commissions) or a 7.3% potential income return in 29 days. These trades come as the #40 and #41 in the month of August, and if we stick with our trading plan for this month, the premium generated from this trade makes us about 3.89% from our $750 monthly goal…

Credit Spread on SPCE – 1.7% potential return in 30 day

SPCE space stocksvirgin galactic
On August 19, 2020, we sold a bull put credit spread on SPCE stock with expiry in the next 30 days. Here is our trade setup: BOT 1 SPCE SEP 18 '20 - 16 + 15 Put Bull Spread  -0.32  USD   For this trade, we got a premium of 27.2 USD (after commissions) or a 1.7% potential income return in 30 days. These trades come as the #38 and #39 in the month of August, and if we stick with our trading plan for this month, the premium generated from this trade makes us about 3.62% from our $750 monthly…