SDC

Credit Spread on SmileDirectClub (NASDAQ:SDC) – 1.16% potential income return in 7 days / 60.32% annualized

SDC telemedicine
On November 13, 2020, we sold 2 bull put credit spreads on NASDAQ:SDC stock with an expiry set in the next 7 days. For this trade, we get a premium of $34 (before commissions) These trades come as the #30 and #31 in the month of November, according to our trading plan for this month, the premium generated from this trade makes us about 5.42% from our $450 monthly goal, while in total we have already reached 168.87% so far. SDC is one of our favorite stocks to trade credit spreads / covered…

Roll Forward Covered Call on SmileDirectClub (NASDAQ:SDC) - Potential income return 16.01% in 37 days (157.85% annualized)

SDC telemedicine
On November 20, 2020, we roll forward a covered call on SmileDirectClub (NASDAQ:SDC)  stock expiring on November 27, 2020. For this trade, we got a $33 premium (before commissions). This trade comes as the #29 in the month of November, according to our trading plan for this month, the premium generated from this trade makes us about 6.8% from our $450 monthly goal, while in total we have already reached 163.44% so far. here is our trade setup: SLD 1 SDC NOV 27 '20 11 Call Option 0.33 USD…

Credit Spread on SmileDirectClub (NASDAQ:SDC) – 3.13% potential income return in 7 days / 162.78% annualized

SDC teledentistry
On November 13, 2020, we sold 2 bull put credit spreads on NASDAQ:SDC stock with an expiry set in the next 7 days. For this trade, we get a premium of $66 (before commissions) These trades come as the #14 and #15 in the month of November, according to our trading plan for this month, the premium generated from this trade makes us about 12.53% from our $450 monthly goal, while in total we have already reached 53.61% so far. SDC is one of our favorite stocks to trade credit spreads / covered…

Roll Forward and Roll Up Covered Call on SmileDirectClub (NASDAQ:SDC) - Potential income return 13.16% in 30 days (160.02% annualized)

SDC teledentistry
On November 13, 2020, we sold roll forward and roll up a covered call on SmileDirectClub (NASDAQ:SDC)  stock expiring on November 20, 2020. For this trade, we got a $37 premium (before commissions). here is our trade setup: SLD 1 SDC NOV 20 '20 11 Call Option 0.37 USD We rolled up our strike price from 10.5 to 11. In case our call will get assigned we will earn additional +$50 This trade comes as the #13 in the month of November, according to our trading plan for this month, the premium…

Credit Spread on SmileDirectClub (NASDAQ:SDC) – 2.86% potential income return in 28 days / 37.28% annualized

SDC teledentistry
On November 6, 2020, we sold a bull put credit spread on NASDAQ:SDC stock with an expiry set in the next 28 days. For this trade, we get a premium of $32 (before commissions) These trades come as the #5 and #6 in the month of November, according to our trading plan for this month, the premium generated from this trade makes us about 6.04% from our $450 monthly goal, while in total we have already reached 18.18% so far. SDC is one of our favorite stocks to trade credit spreads / covered calls…

Covered Call on SmileDirectClub (NASDAQ:SDC) - Potential income return 5.10% in 23 days (80.93% annualized)

SDC
On November 6, 2020, we sold 1 covered call on SmileDirectClub (NASDAQ:SDC)  stock expiring on November 13, 2020. For this trade, we got a $39 premium (before commissions). This trade comes as the #4 in the month of November, according to our trading plan for this month, the premium generated from this trade makes us about 8.13% from our $450 monthly goal, while in total we have already reached 12.13% so far. We sold this covered call just shortly after we got assigned 100 shares at $10.5 …

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 …

Closed SDC Covered Call with +$211.80 Profit (23.98% yield in 97 days)

SDC teledentistry
On September 11, 2020, our 100 shares of SDC were called away at the strike price of $9.5. SmileDirectClub is a teledentistry company. The company was co-founded in 2014 by Jordan Katzman and Alex Fenkell. It is based in Nashville, Tennessee. We have been in this trade since June 5, 2020, when we established this position buying SDC stock at $8.84 and simultaneously selling a covered call, see: Covered Call on SDC - Potential income return 6.45% in 7 days Since then we did a few roll…

3 Trades to Generate $320/mo Selling Covered calls on Volatile Stocks

AMCSDCSPCE
A couple of months ago I wrote an article - 3 Trades to Generate $250/mo Selling Covered calls on Dividend Stocks, concluding that we would need about $12,500 invested to achieve a 2.3% monthly return Selling covered calls on these three dividend stocks right after buying them ($12,433) would generate about $287/mo. That's a 2.3% return in just 30 days or 27.6% per year. Today we decided to check, is it possible to reach a similar result with less money invested. Spoiler alert - it is…

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…

Roll Forward SDC SEP 11 '20 9.5 Covered Call Option 0.16 USD (23.98% potential income in 97 days)

SDC roll forward
On August 14, 2020 we roll forward 1 covered call on SDC stock  - a position originally established on June 5, 2020 with buying 100 shares with SDC paying $8.83 per share and simultaneously sold $9.00 strike price covered call. See: Covered Call on SDC - Potential income return 6.45% in 7 days 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 #33 in the month of…

Naked Put on SDC - Potential income return 6.82% in 25 days

SDC teledentistry
On August 10, 2020, we sold 1 naked put on SDC stock with a strike price at $8 and expiry on September 4. For this trade, we g0t a $0.57 in 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 #17 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 7.28% from our $750…

Credit Spread on SDC – 3.31% potential return in 22 days

SDC bull put
On August 6, 2020, we sold a bull put credit spread on SDC stock with expiry in the next 22 days. Here is our trade setup: BOT 1  SDC  AUG 28 '20 - 7.5 + 6 Put Bull Spread -0.28 USD    For this trade, we got a premium of 23.20 USD (after commissions) or a 3.31% potential income return in 22 days. Slightly bit more than a dollar per day. These trades comes as the #8 and #9 in the month of August, and if we stick with our trading plan for this month, the premium generated from this trade makes…

Roll Forward SDC AUG 14 '20 9.5 Covered Call Option 0.47 USD (22.44% potential income in 69 days)

SDC bi-weekly optionsteledentistryroll forwardroll up
On July 31, 2020 we roll forward and roll up 1 covered call on SDC stock  - a position originally established on June 5, 2020 with buying 100 shares with SDC paying $8.83 per share and simultaneously sold $9.00 strike price covered call. See: Covered Call on SDC - Potential income return 6.45% in 7 days 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 #41 in the…

Naked Put on SDC - Potential income return 6.08% in 21 day

SDC teledentistry
On July 24, 2020, we sold 1 naked put on SDC stock with a strike price at $7.5 and expiry on August 14. For this trade, we get a $0.48 in 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 #31 in the month of July, and if we stick with our trading plan for this month, premium generated from this trade makes us about 6.51% from our $700 monthly goal…