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
No option expired this month.
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
One option will expire in September:
Trade #44: Sold 1 BIDU call option strike 115 exp 9/20/19 for $923.89 net premium: current price 104.47 in the money 9.25% from strike. Its intrinsic value of 10.53 is already more than the 9.24 premium I received. Assignment is extremely likely. When I first sold this option in May, the stock seemed oversold and I was hoping for a quick rebound, but that has not materialized and probably will not materialize within a month.
Trade #44: Sold 1 BIDU call option strike 115 exp 9/20/19 for $923.89 net premium: current price 104.47 in the money 9.25% from strike. Its intrinsic value of 10.53 is already more than the 9.24 premium I received. Assignment is extremely likely. When I first sold this option in May, the stock seemed oversold and I was hoping for a quick rebound, but that has not materialized and probably will not materialize within a month.
Cumulative Options Income Summary
As of August 2019:
Cumulative Cumulative Secured
Options Income Options Income
This Month: $ 14,925.78 $ 3,603.25
Last Month: $ 14,925.78 $ 3,603.25
Difference: $ 0.00 $ 0.00
Below is a monthly tracker showing my cumulative total and secured options income. No change this month.
As of August 2019:
Cumulative Cumulative Secured
Options Income Options Income
This Month: $ 14,925.78 $ 3,603.25
Last Month: $ 14,925.78 $ 3,603.25
Difference: $ 0.00 $ 0.00
Below is a monthly tracker showing my cumulative total and secured options income. No change this month.
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