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 #47: Sold 1 CPRI put option strike 30 exp 10/18/19 for $148.90 net premium: stock closed at 31.03 out of the money 3.43% from strike.
Trade #47: Sold 1 CPRI put option strike 30 exp 10/18/19 for $148.90 net premium: stock closed at 31.03 out of the money 3.43% 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 sold one put option this month:
Trade #49: Sold 1 SCHW put option strike 35 exp 3/20/20 for $248.90 net premium: The brokerage firm stock sold off 12% after announcing elimination of commissions, offering a buying opportunity. The stock has since recovered from the selloff.
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 sold one put option this month:
Trade #49: Sold 1 SCHW put option strike 35 exp 3/20/20 for $248.90 net premium: The brokerage firm stock sold off 12% after announcing elimination of commissions, offering a buying opportunity. The stock has since recovered from the selloff.
Options Expiring Next Month
No options will expire next month.
Cumulative Options Income Summary
As of October 2019:
Cumulative Cumulative Secured
Options Income Options Income
This Month: $ 16,074.05 $ 3,874.95
Last Month: $ 15,825.15 $ 3,726.05
Difference: $ 248.90 $ 148.90
Below is a monthly tracker showing my cumulative total and secured options income. Things are heading in the right direction.
As of October 2019:
Cumulative Cumulative Secured
Options Income Options Income
This Month: $ 16,074.05 $ 3,874.95
Last Month: $ 15,825.15 $ 3,726.05
Difference: $ 248.90 $ 148.90
Below is a monthly tracker showing my cumulative total and secured options income. Things are heading in the right direction.
No comments:
Post a Comment