GPS

The Gap, Inc., commonly known as Gap Inc. or Gap, is an American worldwide clothing and accessories retailer. Gap was founded in 1969 by Donald Fisher and Doris F. Fisher and is headquartered in San Francisco, California.

We trade GAP stock, as we share the surnames with the company's founders, we sometimes call it - the Fischer stock.

Credit Spread on GPS – 1.29% potential return in 21 day

GPS
On August 7, 2020, we sold a bull put credit spread on GPS stock with expiry in the next 21 days. Here is our trade setup: BOT 1  GPS  AUG 28 '20 - 12.5 + 11.5 Put Bull Spread -0.21 USD    For this trade, we got a premium of 16.20 USD (after commissions) or a 1.29% potential income return in 21 days.  These trades come as the #10 and #11 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 2.16% from our $750…

Naked Put on GPS - Potential income return 2.13% in 10 days

GPS bi-weekly options
On July 21, 2020, we sold 1 naked put on GPS stock with a strike price of $11.5 and expiry in the next 10 days (July 31) and get for that $0.27 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 #26 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 3.51% from our $700…

Closed GPS Covered Call with +$111 Profit (12.33% yield in 21 day)

GPS
On June 5, 2020, our 100 shares of GPS  were called away at the strike price of $9.5 We established this position on GPS stock on May 15, 2020, by buying 100 shares at $9 per share, a couple of days later we established a covered call position, and did one additional roll forward and roll up to exit this trade with 12.22% yield in 21 day Covered Call on GPS - Potential income return 3.77% in 11 days Roll Forward and Up GPS Jun 05 '20 9.5 Covered Call Option 0.39 USD (13% potential income in…

May 2020 Options Income Report - $595.43

PBCTGPSHTZ
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 first (#1) options income report. Last May we did in total 29 trades / from which 15 were covered calls and 14 naked puts. In total 18 trades were closed this May,  while there are 11 left open trades with all expiring in the next month. We managed to make $595.43 from options income…

Roll Forward and Up GPS Jun 05 '20 9.5 Covered Call Option 0.39 USD (13% potential income in 18 days)

GPS
On May 29, 2020, we rolled forward and up (diagonal calendar)  1 covered call on GPS stock  - a position originally established a couple of weeks ago at the strike price of $9 (assignment). Covered Call on GPS - Potential income return 3.77% in 11 days This is a good example of how a losing trade can turn into a profitable. We agreed to get assigned on GPS stock at the strike price $9, when the stock was actually trading under $8. Thanks to the covered calls we were able to break even our cost…

Naked Put on GPS - Potential income return 5.4% in 14 days

GPS
On May 22, 2020, we sold 1 naked put on GPS stock with strike price $7.5 and get for that $0.43 premium (before commissions) This trade comes just shortly after 100 shares of GPS were called away at the strike price of $8, see: Closed GPS Covered Call with +$108 Profit (14.22% yield in 22 days) Here is our trade setup: SLD 1 GPS JUN 05 '20 7.5 Put Option  0.43 USD what can happen next: GPS is trading above our strike price of $7.5 at expiry date (June 5, 2020), in such scenario, we keep the…

Closed GPS Covered Call with +$108 Profit (14.22% yield in 22 days)

GPS
On May 22, 2020, our 100 shares of GPS  were called away at the strike price of $8 We established this position on GPS on May 1, 2020, by buying 100 shares at $7.59 per share and simultaneously selling 1 covered call contract with 7 days expiry on May 8 for a $0.22 credit, we roll forward this call to the next week's (May 15) expiry then for additional $0.27, and one more time rolled to the May 22 expiry for additional $0.27 credit. From these 3 sold covered calls we generated a nice options…

Covered Call on GPS - Potential income return 3.77% in 11 days

GPS
On May 18, 2020, I sold 1 covered call on GPS stock  - a position established last Friday at the price of $9 per share (assignment). We have been selling covered calls with great success on GPS during the month of May, and now we have in total 2 covered calls with two different strikes and expiry dates. In this article, I will focus on the latest trade, though calculations for both trades are used at the end of artic.e Here is the trade setup: BOT 100 GPS Stock 9 USD SLD 1 GPS MAY 29 '20 9…

Roll Forward GPS MAY 22 '20 8 Covered Call Option 0.27 USD

GPS
For the second week in a row, we keep rolling forward covered call on GPS stock, a position I established earlier at the start of the month.  For this roll forward to the next week's expiry, we got additional credit of $0.27. We call it a wheel strategy.  Here is the trade setup: SLD 1 GPS MAY 22 '20 8 Call Option  0.27 USD   This position was originally established just 14 days ago by buying 100 shares of GPS at $7.59 SLD 1 GPS MAY 08 '20 8 Call Option 0.22 USD With today's roll forward…

Roll Forward GPS MAY 15 '20 8 Covered Call Option 0.27 USD

GPS
With GPS stock price hovering around $7.91 on Friday evening just before the options expiry, I decided not to risk with a possible assignment of our 100 shares getting called away at $8 and bought back call option for $0.02, to roll forward it the next week's expiry for additional credit $0.29. We call it a wheel strategy.  Here is the trade setup: BOT 1 GPS MAY 08 '20 8 Call Option 0.02 USD   SLD 1 GPS MAY 15 '20 8 Call Option  0.29 USD   This trade was originally launched just 7 days ago…

SLD 1 GPS MAY 08 '20 8 Call Option 0.22 USD

GPS
Bought on margin 100 shares of GPS (Gap Inc) at $7.585 per share to sell simultaneously 1 covered call contract with 7 days expiry on May 8, 2020 Here is the setup: BOT 110 GPS Stock 7.585 USD SLD 1 GPS MAY 08 '20 8 Call Option 0.22 USD Potential income return 8.37% in 7 days Break-even: $7.365