TWO

Closed Covered Call on Two Harbors Investment (NYSE:TWO) with +$107 Profit (10.7% yield in 113 days / 34.56% annualized)

TWO
On September 29, 2020, our 200 shares of Two Harbors Investment (NYSE:TWO) were called away at the strike price of $5 As expected we got assigned before the ex-div date. We won’t take an extra $24, but we are quite happy with the outcome. Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights, and other financial assets…

Roll Forward and Down TWO OCT 16 '20 5 2x Covered Call Options 0.17 USD (6.57% potential income in 129 days / 18.52% annualized)

TWO roll downroll forward
On September 23, 2020, we roll forwarded and rolled down 2 covered calls on TWO stock - a position originally established on June 9, 2020, with the strike prices at $7. With the market tanked we were not able to get any options premium with the strike prices $7 or $6 and because we are trading on margin, it was agreed to roll down this covered call to the strike price at $5.   With the current share price hovering around $5 we are risking to miss a dividend (ex-date September 30), as our…

Roll Forward TWO SEP 18 '20 6 2x Covered Calls 0.1 USD (19.9% potential income in 99 days)

TWO monthly optionsroll forward
On August 24, 2020, we roll forwarded 2 covered calls on TWO stock  - a position established on June 9, 2020, with the strike prices at $7, see: Sold 2 Covered Calls on TWO stock - Potential income return 30.7% in 10 days For this roll forward we got an additional $20 (before commissions) This trade comes as the #49 in the month of August, and if we stick with our trading plan for this month, the premium generated from this trade makes us just 2.02% from our $750 monthly goal, while in total…

Roll Forward TWO AUG 21 '20 5 2x Covered Calls 0.15 USD (18.79% potential income in 74 days)

TWO roll forwardmonthly options
On July 20, 2020 we roll forwarded 2 covered calls on TWO stock  - a position established on June 9, 2020 with the strike prices at $7, see: Sold 2 Covered Calls on TWO stock - Potential income return 30.7% in 10 days For this roll forward we got an additional $27 (before commissions) This trade comes as the #24 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 monthly goal, while in total we…

Roll Forward and Down TWO JUL 17 '20 5 2x Covered Calls 0.15 USD (17.02% potential income in 38 days)

TWO roll forwardroll downmonthly options
On June 25, 2020 we roll forwarded  and rolled down 2 covered calls on TWO stock  - a position established on June 9, 2020 with the strike prices at $7, see: Sold 2 Covered Calls on TWO stock - Potential income return 30.7% in 10 days For this roll forward we got an additional $30 (before commissions) As TWO was trading below our strike price on the expiry date, we just roll forward and down (strike) to the next closest expiry in July. Unfortunately, or for luck,  TWO has only monthly options…

Sold 2 Covered Calls on TWO stock - Potential income return 30.7% in 10 days

TWO RMBSmonthly options
On June 9, 2020, we bought on margin 200 shares of TWO stock (Two Harbors Investment Corp)  paying $6.368 per share and simultaneously (buy/write) sold 2 June 19, 2020 expiry covered call contracts at the strike price of $7 for what we got a premium of $1.35 (before commissions) This trade comes as the sixth in the month of June, and if we stick with our trading plan for this month, premium generated from this trade makes us about 45% from our $600 monthly goal, while in total we have already …