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
I got assigned one option this month, as expected:
Trade #34: Sold 1 AN put option strike 39 exp 4/18/19 for $349.51 income: stock closed at 37.83 at expiration, so I got assigned. Implied loss from assignment: $117. Net secured income: $232.51.
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
I got assigned one option this month, as expected:
Trade #34: Sold 1 AN put option strike 39 exp 4/18/19 for $349.51 income: stock closed at 37.83 at expiration, so I got assigned. Implied loss from assignment: $117. Net secured income: $232.51.
Expired Options
One option expired this month:
Trade #29: Sold 1 EDZ call option strike 65 exp 4/18/19 for $999.65 income: ETF closed at 39.27 out of the money 39.58% from strike.
Trade #29: Sold 1 EDZ call option strike 65 exp 4/18/19 for $999.65 income: ETF closed at 39.27 out of the money 39.58% from 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 this month.
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 this month.
I did not sell any call options this month.
I did not sell any put options this month.
New Call 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 call options this month.
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 put options this month.
Options Expiring Next Month
Two options will expire in May:
Trade #35: Sold 1 LKQ put option strike 27.5 exp 5/17/19 for $203.91 income: current price 30.10 out of the money 9.45% from strike. Assignment is unlikely.
Trade #39: Sold 1 SRCL put option strike 45 exp 5/17/19 for $398.91 income: current price 58.39 out of the money 29.76% from strike. Assignment is very unlikely.
Trade #35: Sold 1 LKQ put option strike 27.5 exp 5/17/19 for $203.91 income: current price 30.10 out of the money 9.45% from strike. Assignment is unlikely.
Trade #39: Sold 1 SRCL put option strike 45 exp 5/17/19 for $398.91 income: current price 58.39 out of the money 29.76% from strike. Assignment is very unlikely.
Cumulative Options Income Summary
As of April 2019:
Cumulative Cumulative Secured
Options Income Options Income
This Month: $ 11,880.63 $ 3,302.64
Last Month: $ 11,880.63 $ 2,070.48
Difference: $ 0.00 $ 1,232.36
Below is a monthly tracker showing my cumulative total and secured options income. Secured income is trending up!
As of April 2019:
Cumulative Cumulative Secured
Options Income Options Income
This Month: $ 11,880.63 $ 3,302.64
Last Month: $ 11,880.63 $ 2,070.48
Difference: $ 0.00 $ 1,232.36
Below is a monthly tracker showing my cumulative total and secured options income. Secured income is trending up!
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