July 12 CVS Corp (CVS) - Opened Covered Calls I consider this to be a "high conviction" trade based on an additional layer of analysis which led to my recent trade with NKE. Shares of NKE popped more than 15% shortly after my purchase due to a positive reaction to an...
Stock Option Trades for the Week Ending July 09
July 06 Corning (GLW) - Closed Covered Calls My Corning covered call trade didn't work out so I closed it early at a loss. 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...
Stock Option Trades for the Week Ending July 02
June 29 AbbVie (ABBV) - Partial Covered Strangle I have an open covered call trade on Abbvie and sold some naked puts to set up a partial covered strangle. June 30 Starbucks (SBUX) - Partial Covered Strangle The price of SBUX was down about 0.5% so I sold some naked...
Trade Performance Statistics as of June 30, 2021
Let me preface my trading stats for covered call and naked put trades by pointing out that I have been the beneficiary of a strong US equity market since I began posting my trades earlier this year. I am pleased with median annualized returns of 37.4% and 19.5% for my...
More Stock Option Trades for the Week Ending June 25
June 23 I am comfortable enough with my MS and JPM covered calls to initiate partial covered strangles which means I sold naked puts on each stock but sold fewer puts than calls. Morgan Stanley (MS) - Partial Covered Strangle JP Morgan (JPM) - Partial Covered Strangle...
Stock Option Trades for the Week Ending June 25
As June 18 was the monthly option expiration date for June options, I had a lot of trades in the past two days. Many of the stocks that I had sold covered calls on earlier, closed above the strike price on Friday and accordingly were assigned. For those stocks that...
Stock Option Trades for the Week Ending June 18
June 14 Corning (GLW) - Partial Covered Strangle The price of Corning dropped by 4.3% and I had an open covered call so I sold some Jul-17 $39.00 naked puts for $0.40. I sold fewer puts than the calls I sold previously. American Eagle Outfitters (AEO) - Covered Call...
Stock Option Trades for The Week Ending June 11
June 07 Corning I am leaning towards selecting covered call strike prices as close to 5% OTM as I can get with the strikes that are available and have good liquidity. With that in mind, I purchased shares of Corning at $43.40 and sold OTM Jul-16 $45.00 calls. Home...
Stock Option Trades for the Week Ending June 04
June 01 Gilead Sciences Covered Call I purchased shares of Gilead Sciences and sold OTM Jul-16 $67.50 calls for $0.91. With the $0.71 dividend included, the static price return will be 19.7%. June 02 United States Steel Naked Put I sold Jun-16 $23.00 puts for $0.39...
Stock Option Trades for the Week Ending May 28, 2021
May 27 VALE I opened a covered call trade on Vale by purchasing shares at $21.03 and selling OTM Jun-18 $21.50 calls for $0.53. ABBV I opened a covered call trade on Abbvie by purchasing shares at$113.44 and selling OTM Jun-18 $114.00 calls for $1.95. Closed Covered...