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 did not get assigned any options this month.
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 did not get assigned any options this month.
Expired Options
One option expired this month:
Trade #43: Bought 1 BIDU call option strike 140 exp 7/19/19 paying $245.79 premium: stock closed at 112.25, out of the money 19.82% from strike, which means I lost $245.79. I feel dumb that I had thought BIDU would recover its losses from the last earnings sell off in just 2 months. I will probably stick to selling options rather than buying them from now on.
Trade #43: Bought 1 BIDU call option strike 140 exp 7/19/19 paying $245.79 premium: stock closed at 112.25, out of the money 19.82% from strike, which means I lost $245.79. I feel dumb that I had thought BIDU would recover its losses from the last earnings sell off in just 2 months. I will probably stick to selling options rather than buying them from now on.
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
No option will expire in August.
Cumulative Options Income Summary
As of July 2019:
Cumulative Cumulative Secured
Options Income Options Income
This Month: $ 14,925.78 $ 3,603.25
Last Month: $ 14,925.78 $ 3,849.04
Difference: $ 0.00 $ (245.79)
Below is a monthly tracker showing my cumulative total and secured options income. Not much has changed this month, and overall I am still making money with options. Good.
As of July 2019:
Cumulative Cumulative Secured
Options Income Options Income
This Month: $ 14,925.78 $ 3,603.25
Last Month: $ 14,925.78 $ 3,849.04
Difference: $ 0.00 $ (245.79)
Below is a monthly tracker showing my cumulative total and secured options income. Not much has changed this month, and overall I am still making money with options. Good.
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