teledentistry

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…

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…

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…

Naked Put on SDC - Potential income return 5.95% in 22 days

SDC teledentistryTbilisi
On July 2, 2020, we sold 1 naked put on SDC stock with a strike price at $8 and get for that $0.50 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 #4 in the month of July, and if we stick with our trading plan for this month, premium generated from this trade makes us about 6.8% from our $700 monthly goal, while in total we have already reached…

Naked Put on SDC - Potential income return 3.37% in 9 days

SDC teledentistry
On June 23, 2020, we sold 1 naked put on SDC stock with a strike price at $7 and get for that $0.26 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 #21 in the month of June, and if we stick with our trading plan for this month, premium generated from this trade makes us about 3.93% from our $600 monthly goal, while in total we have already …

SDC – Credit Spread – 7.5% potential return in 23 days

SDC teledentistry
On May 6, 2020, I sold a bull put credit spread on SDC stock with expiry in the next 23 days. Here is my trade setup: BOT 1 SDC MAY 29 '20 - 7 + 5.5 Put Bull Spread -0.53 USD  For this trade, I got a premium of 53 USD (before commissions) or a 7.5% potential income return in 32 days. So what happens next? On expiry day (May 29, 2020) SDC is trading above $7 per share - my options expire and I keep premium - if SDC trades under $7 on expiry date I  get assigned. But as I already have…