Trading Journal

Credit Spread on CRBP – 8.64% potential return in 44 days

CRBP pharma stocks
On September 2, 2020, we sold a bull put credit spread on CRBP stock with options expiry set in the next 44 days. CRBP  - Corbus Pharmaceuticals Holdings, Inc. is a Phase 3 clinical-stage pharmaceutical company focused on the development and commercialization of novel therapeutics to treat inflammatory and fibrotic diseases by leveraging its pipeline of…

Credit Spread On ET – 2.95% Potential Return In 25 Days

ET natural gas
On August 35, 2020, we sold a bull put credit spread on ET stock set with expiry in the next 25 days (September 25, 2020) Here is our trade setup: BOT 1 ET SEP 25 '20 - 6.5 + 5.5 Put Bull Spread  -0.24  USD   For this trade, we got a premium of 19.2 USD (after commissions) or a 2.95% potential income return in 25 days. These trades come as the #60 and #…

Covered Call on TLRY - Potential income return 5.85% in 30 days

TLRY
On August 28, 2020, we sold 1 covered call on TLRY stock expiring on September 4, 2020. For this trade, we got a $10 premium (before commissions). This trade comes as the #59 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 1.01% from our $750 monthly goal, while in total we…

Credit Spread on AMC – 3.44% potential return in 28 days

AMC movie stocks
On August 28, 2020, we sold a bull put credit spread on AMC stock with an expiry set in the next 28 days. Here is our trade setup: BOT 1 AMC SEP 25 '20 - 5 + 4 Put Bull Spread  -0.22  USD   For this trade, we got a premium of 17.2 USD (after commissions) or a 3.44% potential income return in 28 days.  These trades come as the #57 and #58 in the month of…

Roll Forward and Roll UP BAC SEP 18 '20 29 Covered Call Option 0.13 USD (4.83% potential income in 105 days)

BAC roll uproll forwardBank stocks
On August 28, 2020, we roll forward and roll up 1 covered call on BAC stock  - a position originally established at the start of June with the strike price of $29.00, see: Covered Call on BAC - Potential income return 3.52% in 5 days. For this roll forward covered call we got an additional $13 (before commissions). BAC is our "worst" investment as of now,…

Credit Spread on CRBP – 5.7% potential return in 22 days

CRBP pharma stocks
On August 27, 2020, we sold a bull put credit spread on CRBP stock with options expiry set in the next 30 days. CRBP  - Corbus Pharmaceuticals Holdings, Inc. is a Phase 3 clinical-stage pharmaceutical company focused on the development and commercialization of novel therapeutics to treat inflammatory and fibrotic diseases by leveraging its pipeline of…

Credit Spread on AAL – 1.84% potential return in 30 days

AAL airline stocks
On August 26, 2020, we sold another bull put credit spread on AAL stock with expiry in the next 30 days. Here is our trade setup: BOT 1 AAL SEP 25 '20 - 11.5 + 10.5 Put Bull Spread  -0.26  USD   For this trade, we got a premium of 21.20 USD (after commissions) or 1.84% potential income return in 30 days.  These trades come as the #52 and #53 in the month…

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…

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…

Roll Forward BCS SEP 18 '20 6 Covered Call Option 0.08 USD (6% potential income in 57 days)

BCS Bank stocksmonthly options
On August 24, 2020 we roll forwarded 1 covered call of BCS stock  - a position originally established on July 21, 2020 with buying 100 shares of BCS paying $5.93 per share and simultaneously sold $6 strike price covered call. See: Covered Call on BCS - Potential income return 5.05% in 31 days This trade comes as the #48 in the month of August, and if we…

Covered Call on NRZ - Potential income return 16.28% in 88 days

NRZ monthly options
On August 24, 2020, we sold 1 covered call on NRZ stock expiring on November 20, 2020. For this trade, we got a $28 premium (before commissions). This trade comes as the #47 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 3.41% from our $750 monthly goal, while in total we…

Roll Forward PBCT SEP 18 '20 12 Covered Call Option 0.05 USD (6.14% potential income in 49 days)

PBCT Bank stocksmonthly optionsdividend stocks
On August 24, 2020 we roll forwarded 1 covered call on PBCT stock  - a position originally established on July 31, 2020 with buying 100 shares of PBCT paying $11.4 per share and simultaneously sold $12.00 strike price covered call. See: Covered Call on PBCT - Potential income return 5.92% in 21 days For todays trade, we got a small $5 premium (before…

Sold 3 Naked Puts on BCRX - Potential income return 11.9% in 28 days

BCRX monthly optionspharma stocks
On August 21, 2020, we sold 3 naked puts on BCRX stock with expiry in the next 28 days (September 18) and with a strike price at $4. For these puts, we get $0.50 premium (before commissions) We call these trades naked because we are trading on margin, in case of an assignment we will borrow funds from the broker to finance the purchase.  This trade comes…

Roll Forward NRZ SEP 18 '20 8 Covered Call Option 0.30 USD (8.89% potential income in 45 days)

NRZ monthly optionsroll forward
On August 21, 2020 we roll forwarded 1 covered call on NRZ stock  - a position originally established on August 4, 2020 with buying 100 shares of NRZ paying $7.78 per share and simultaneously sold $8.00 strike price covered call. See: Covered Call on NRZ - Potential income return 5.34% in 17 days This trade comes as the #44 in the month of August, and if…

Covered Call on BCS - Potential income return 8.11% in 28 days

BCS bankmonthly options
On August 21, 2020, we sold 1 covered call on BCS stock expiring on September 18, 2020. For this trade, we got a small $10 premium (before commissions).  This trade comes as the #43 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 1.01% from our $750 monthly goal, while in…