Stock Option Trades for the Week Ending July 09

by | Jul 9, 2021 | Covered Calls

July 06

Corning (GLW) – Closed Covered Calls

My Corning covered call trade didn’t work out so I closed it early at a loss.

Corning Covered Call

July 08

Bank of America (BAC) – Closed Covered Calls

The share price of BAC had fallen enough to trigger me to close out my covered calls and take a loss.

Bank of America Covered Call

July 09

Marathon Petroleum (MPC) – Opened Covered Calls

Marathon Petroleum passed my covered call screen. In the past, I probably wouldn’t have sold covered calls at this time because the earnings date falls before the Aug-20 call expiry. I am, however,  comfortable holding MPC calls through the August earnings report. As you will note in the table below, an expected $0.58 quarterly dividend is included in the profit calculation.

Marathon Petroleum Covered Call

Market Meter

My Market Meter is currently providing a reading of 10. Accordingly, I am fully invested.

Market Meter