Welcome to my monthly options update!
Here, I shall write monthly options update articles to keep track of options trades in my portfolio. Each options update serves as a status report on the open options and the obligations I have. A running tally of all my options trades and income to date are found on the Options page.
Assigned Options
No option was assigned in September.
Expired Options
Here, I shall write monthly options update articles to keep track of options trades in my portfolio. Each options update serves as a status report on the open options and the obligations I have. A running tally of all my options trades and income to date are found on the Options page.
Assigned Options
No option was assigned in September.
Expired Options
Four options expired worthless in September, netting me a total of $1001.63 secured income:
Trade #15: Sold 1 SQQQ call option strike 20 exp 09/21/18 for $219.66 income after fees. - Closed at 11.65, 41.75% below strike.
Trade #17: Sold 1 SQQQ call option strike 20 exp 09/21/18 for $239.65 income after fees. - Closed at 11.65, 41.75% below strike.
Trade #22: Sold 1 SQQQ call option strike 22 exp 09/21/18 for $283.90 income after fees. - Closed at 11.65, 47.05% below strike.
Trade #26: Sold 1 GPS call option strike 32 exp 09/28/18 for $258.42 income after fees. - Closed at 28.85, 9.84% below strike.
I did not sell any new call options in September.
Trade #15: Sold 1 SQQQ call option strike 20 exp 09/21/18 for $219.66 income after fees. - Closed at 11.65, 41.75% below strike.
Trade #17: Sold 1 SQQQ call option strike 20 exp 09/21/18 for $239.65 income after fees. - Closed at 11.65, 41.75% below strike.
Trade #22: Sold 1 SQQQ call option strike 22 exp 09/21/18 for $283.90 income after fees. - Closed at 11.65, 47.05% below strike.
Trade #26: Sold 1 GPS call option strike 32 exp 09/28/18 for $258.42 income after fees. - Closed at 28.85, 9.84% below strike.
Closed Options
When an out of the money option goes further out of the money, one may close the option early and secure most of the options income.
I did not close any options early in September.
Rolled Options
An option can be rolled forward by buying back an option and selling another option with a later expiration date. Rolling is done to avoid options assignment for in the money options.
I did not roll any options in September.
New Calls Options Sold
Selling calls is a way to earn premiums from time decay on securities that are unlikely to reach a certain strike price within a certain time frame. This is best done on stocks you already own so as to limit liabilities should the underlying security shoot to the moon.
I did not sell any new call options in September.
New Put Options Sold
Selling put options is a way to earn premium for agreeing to buy a stock at a given price for a period of time. This is best done with high quality, buy and hold stocks that have limited downside.
I did not sell any new put options in September.
Options Expiring Next Month
Two options expire next month:
Trade #20: Sold 1 BEN put option strike 32 exp 10/19/18 for $174.66 income after fees. - In the money with -4.97% margin of safety and trading at 1.6909 (stock price 30.41). This is likely to get assigned. If it gets assigned, it would be as if I bought 100 BEN at 30.25. Good entry point, I suppose. I'm hoping the stock rises and not get assigned though. I'm not very happy with the payout ratio of the stock, which is getting too high for my comfort. If I do get assigned, I'll probably start selling calls on it.
Trade #21: Sold 1 BEN put option strike 29.5 exp 10/19/18 for $109.66 income after fees. - In the money with 3.08% margin of safety and trading at 0.355 (stock price 30.41). This may also get assigned. If it gets assigned, it would be as if I bought 100 BEN at 28.40. Good entry point, I suppose. I'm hoping the stock rises and not get assigned though.
Trade #20: Sold 1 BEN put option strike 32 exp 10/19/18 for $174.66 income after fees. - In the money with -4.97% margin of safety and trading at 1.6909 (stock price 30.41). This is likely to get assigned. If it gets assigned, it would be as if I bought 100 BEN at 30.25. Good entry point, I suppose. I'm hoping the stock rises and not get assigned though. I'm not very happy with the payout ratio of the stock, which is getting too high for my comfort. If I do get assigned, I'll probably start selling calls on it.
Trade #21: Sold 1 BEN put option strike 29.5 exp 10/19/18 for $109.66 income after fees. - In the money with 3.08% margin of safety and trading at 0.355 (stock price 30.41). This may also get assigned. If it gets assigned, it would be as if I bought 100 BEN at 28.40. Good entry point, I suppose. I'm hoping the stock rises and not get assigned though.
Cumulative Options Income Summary
As of September 2018:
Cumulative Cumulative Secured
Options Income Options Income
This Month: $ 4,892.04 $ 1533.07
Last Month: $ 4,892.04 $ 531.44
Difference: $ 0.00 $ 1001.63
Below is a monthly tracker showing my cumulative total and secured options income. Secured income running total is going in the right direction. Good.
Thanks for reading!
As of September 2018:
Cumulative Cumulative Secured
Options Income Options Income
This Month: $ 4,892.04 $ 1533.07
Last Month: $ 4,892.04 $ 531.44
Difference: $ 0.00 $ 1001.63
Below is a monthly tracker showing my cumulative total and secured options income. Secured income running total is going in the right direction. Good.
Thanks for reading!
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