BAC

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, without sacrificing our strike prices. This trade comes as the #23 in the month of October, according to our trading plan for this month, the…

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…

Roll Forward and Roll UP BAC SEP 18 '20 29 Covered Call Option 0.13 USD (4.83% potential income in 105 days)

BAC roll uproll forwardBank stocks
On August 28, 2020, we roll forward and roll up 1 covered call on BAC stock  - a position originally established at the start of June 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 $13 (before commissions). 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…

Roll Forward and Roll UP BAC AUG 28 '20 28.5 Covered Call Option 0.10 USD (2.82% potential income in 84 days)

BAC roll forwardroll upmonthly optionsbank
On August 3, 2020, we roll forward and roll up 1 covered call on BAC stock  - a position originally established at the start of June 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 $10 (before commissions).  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…

Naked Put on BAC - Potential income return 0.98% in 4 days

BAC wheel strategyweekly options
On July 20, 2020, we sold 1 naked put on BAC stock with a strike price at $23 with expiry in next 4 days (July 24) and get for that $0.25 premium (before commissions) We call these trades naked because we are trading on margin, in case of an assignment we will borrow from broker funds to finance the purchase.  This trade comes as the #23 in the month of July, and if we stick with our trading plan for this month, premium generated from this trade setup makes us about 3.22% from our $700…

Roll Forward and Roll Down BAC JUL 31 '20 28 Covered Call Option 0.19 USD (0.76% potential income in 52 days)

BAC roll forwardroll down
On July 1, 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, see: Covered Call on BAC - Potential income return 3.52% in 5 days. For this roll forward covered call we got an additional $19 (before commissions).  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…

June 2020 Options Income Report - $1,150.29

PBCTWFCBAC dividend income
Here at OptionsBrew.com we believe transparency is the key to success and that's why we have decided to share our monthly options income reports covering details behind the scenes. That said welcome to the second (#2) options income report. Last June we did in total 25 trades / from which 20 were covered calls and just 5 naked puts. There are 12 left open trades with expiry in the next months, with most (9) expiring in July. We managed to make $1,150.29 from options income during the month…

Trading plan for July 2020 (Option trades & Stock Buys)

BACPFEO trading plan
Here at OptionsBrew.com, we believe a trading plan is already a 50% key to success. Without further ado, here is our trade plan for the upcoming month of July 2020. We are looking to buy an additional 10 shares of PFE for our Partnership fund. At the end of the month, we should have 34 PFE stocks - once we will have 100 shares of PFE we will start selling covered calls on it, see: Covered Call Trade Idea with Weekly Options - Generate $45/week from this Dow Jones list Dividend Stock. …

Naked Put on BAC - Potential income return 0.41% in 4 days

BAC weekly options
On June 22, 2020, we sold 1 naked put on BAC stock with a strike price at $23 and get for that $0.12 premium (before commissions) We call these trades naked because we are trading on margin, in case of an assignment we will borrow from broker funds to finance the purchase.  This trade comes as the #20 in the month of June, and if we stick with our trading plan for this month, premium generated from this trade makes us about 1.6% from our $600 monthly goal, while in total we have already …

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…

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…

Trading plan for June 2020 (Option trades & Stock Buys)

PFEBACT trading planpenalty trade
Here at OptionsBrew.com, we believe a trading plan is already a 50% key to success. Without further ado, here is our trade plan for the upcoming month of June 2020. We are looking to buy 9 shares of PFE for our Partnership fund. At the end of the month we should have 24 PFE stocks - once we will have 100 shares of PFE we will start selling covered calls on it, see: Covered Call Trade Idea with Weekly Options - Generate $45/week from this Dow Jones list Dividend Stock.  Currently, we have 11…

Covered Call Trade Idea - Generate $100/mo from this Stock

BAC
This is not a trade recommendation, this is a trade idea. I'm not a financial advisor, anything written here should be taken with a grain of salt. I take no responsibility If you will decide to invest. Back at the end of March 2020, when my portfolio lost about 80% in value, I started to look at "volatile" options trading strategies, which might help to "pump" cash in my portfolio . A fellow trader has been talking about ratio back spreads for a while and I decided to give a try. One of the…