SPCE

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 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…

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 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…

Credit Spread on SPCE – 1.51% potential return in 21 day

SPCE
On August 7, 2020, we sold a bull put credit spread on SPCE stock with expiry in the next 21 days. Here is our trade setup: BOT 1 SPCE AUG 28 '20 - 16 + 14.5 Put Bull Spread  -0.29  USD   For this trade, we got a premium of 24.2 USD (after commissions) or a 1.51% potential income return in 21 days. That's more than a dollar per day! These trades come as the #12 and #13 in the month of August, and if we stick with our trading plan for this month, the premium generated from this trade makes us…

July 2020 Options Income Report - $873.65

PBCTSPCEOBCRX 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 third (#3) options income report. Last July we did in total 43 trades / from which most were credit spreads and naked puts, just a few were covered calls There are 28 left open trades with expiry in the next months, with most (26) expiring in August. We managed to make $873.65 from…

Credit Spread on SPCE – 2.72% potential return in 25 days

SPCE bull put
On July 13, 2020, we sold a bull put credit spread on SPCE stock with expiry in the next 25 days. Here is our trade setup: BOT 1 SPCE AUG 07 '20 - 15.5 + 14 Put Bull Spread  -0.47  USD   For this trade, we got a premium of 42.2 USD (after commissions) or a 2.72% potential income return in 25 days. That's more than a dollar per day! These trades come as the #12 and #13  in the month of July, and if we stick with our trading plan for this month, premium generated from this trade setup makes us…

Closed SPCE Covered Call with +$268 Profit (16.79% yield in 35 days)

SPCE roll forwardweekly options
On July 10, 2020, our 100 shares of SPCE  were called away at the strike price of $17 We established this position on SPCE stock on June 5, 2020, by buying 100 shares at $15.96 per share and selling weekly covered calls on it. Covered Call on SPCE - Potential income return 7.2% in 7 days rolls Roll Forward SPCE JUN 19 '20 16.5 Covered Call Option 0.35 USD (9.21% potential income in 14 days) Roll Forward SPCE JUN 26 '20 16.5 Covered Call Option 0.32 USD (10.3% potential income in 21 days)…

Roll Forward SPCE JUL 10 '20 17 Covered Call Option 0.48 USD (16.79% potential income in 35 days)

SPCE roll forward
On July 2, 2020, we rolled forward1 covered call on SPCE stock  - a position originally established on June 5, 2010, see: Covered Call on SPCE - Potential income return 7.2% in 7 days. For this roll forward an additional $48 (before commissions) This trade comes as the #5 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, while in total we have already reached 20.71% from our monthly…

Roll Forward and Roll Up SPCE JUL 02 '20 17 Covered Call Option 0.27 USD (14.34% potential income in 27 days)

SPCE roll forwardroll upweekly options
On June 25, 2020, we rolled forward and up 1 covered call on SPCE stock  - a position originally established on June 5, 2010, see: Covered Call on SPCE - Potential income return 7.2% in 7 days. For this roll forward and roll up call we got an additional $27 (before commissions) As SPCE was trading below our strike price on the expiry date, we just roll forward to the next week's expiry. By "sacrificing" some mere $7 we rolled up our strike price from $16.5 to $17. In case our shares will get…

Roll Forward SPCE JUN 26 '20 16.5 Covered Call Option 0.32 USD (10.3% potential income in 21 days)

SPCE weekly options
On June 19, 2020 we roll forwarded 1 covered call on SPCE stock  - a position established on June 5, 2010 with the strike price of $16.50, see: Covered Call on SPCE - Potential income return 7.2% in 7 days. For this roll forward covered call we got an additional $32 (before commissions) As SPCE was trading below our strike price on the expiry date, we just roll forward to the next week's expiry SLD 1 SPCE JUN 26 '20 16.5 Call Option 0.32 USD what can happen next: SPCE is trading below our…

Roll Forward SPCE JUN 19 '20 16.5 Covered Call Option 0.35 USD (9.21% potential income in 14 days)

SPCE roll forward
On June 12, 2020 we roll forward 1 covered call on SPCE stock  - a position originally established last Friday with the strike price of $16.50, see: Covered Call on SPCE - Potential income return 7.2% in 7 days. For this roll forward covered call we got an additional $35 (before commissions) This trade comes as the ninth in the month of June, and if we stick with our trading plan for this month, premium generated from this trade makes us about 5.43% from our $600 monthly goal, while in total…

Covered Call on SPCE - Potential income return 7.2% in 7 days

SPCE
On June 5, 2020, we bought on margin 101 shares of SPCE stock (Virgin Galactic Holdings Inc.)  paying $15.96 per share and simultaneously sold June 12, 2020 expiry covered call at the strike price of $16.5 for what we got a premium of $0.61 This trade comes as third in the month of June, and if we stick with our trading plan for this month, premium generated from this trade makes us about 10.16% from our $600 monthly goal, while in total we have already reached 25.63% from our goal. Wow. …

Naked Put on SPCE - Potential income return 1.18% in 7 days

SPCE
On May 29, 2020, we sold 1 naked put on SPCE stock with a strike price at $14 and get for that $0.19 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.  Here is our trade setup: SLD 1 SPCE JUN 05 '20 14 Put Option  0.19 USD what can happen next: SPCE is trading above our strike price of $14 at expiry date (June 05, 2020), in such scenario, we keep the premium and most…

Naked Put on SPCE - Potential income return 1.06% in 2 days

SPCE
On May 27, 2020, we sold 1 naked put on SPCE stock with a strike price at $15 and get for that $0.16 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.  Here is our trade setup: SLD 1 SPCE MAY 29 '20 7.15 Put Option  0.16 USD what can happen next: SPCE is trading above our strike price of $15 at expiry date (May 29, 2020), in such scenario, we keep the premium and most…