Trades for the Week Ending May 07, 2021

May 06 - Closed Two Naked Put Option Trades Profitably. Established a Partial Covered Strangle On Thursday I bought back the SLB and NEM naked put options that I had sold earlier. I paid $0.07 for the SLB puts resulting in a 90% annualized profit and I paid $0.10 fr...

Covered Call Initiated With Eli Lilly (LLY)

The stock market reacted negatively to Eli Lilly's earnings report today pushing the share price down 2.7% at the close. That price action led to Eli Lilly passing one of my screeners so I bought shares at $183.18 and then sold OTM May-21 $185.00 calls for $2.94...

Closed Covered Call With AMD

Shares of AMD closed on April 23 at $82.76 which was well above the $77.00 strike price on the calls I sold on April 13 for $3.70. Accordingly, my shares will be assigned to the holder of the calls and I get to record a successful trade with a 39% annualized profit....

Early Assignment of CVS Shares

On April 01, I set up a covered call trade with CVS shares by purchasing the shares at $74.34 and then selling slightly OTM Apr-30 $74.50 calls. CVS had an ex-dividend date of April 22 and on April 21 the holder of the calls exercised their right to call the shares...