I decided to reduce the number of emails that I send to my subscribers by now posting end-of-week summaries rather than posting every day that I open or close a trade. May 18 Home Depot On May 18, I purchased shares of Home Depot for $316.66 and immediately sold OTM...

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...

I initiated two trades today that generated income by selling option premium: one covered call and one naked put. Qualcomm Covered Call Qualcomm has been passing one of my covered call screens recently and now that the quarterly earnings report has been released, I...

I just checked my email subscription list and see that I have new subscribers from the U.K., Australia, and the U.S. Welcome aboard. To all my email subscribers, I am considering cutting back on the number of emails that I send but there is an issue with that. I don't...

After Chevron and Gilead Sciences reported their quarterly earnings, the share prices of both companies fell. Chevron closed the Friday session down 3.6% and Gilead Sciences was down 0.6% but was lower earlier in the day. Those price declines plus a number of other...

Bristol-Myers Squibb announced its quarterly earnings prior to the market opening today and the reaction wasn't pleasant. At the end of the trading session, BMY was down 4.8%. That price move led to BMY passing one of my covered call screeners so I bought shares at...

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...

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....

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...

With Schlumberger's earnings report out of the way and no knee-jerk reaction in the stock price, I bought shares in SLB at $25.65 today and then sold OTM May-21 $26.00 calls for $0.95 which sets up potential profits as outlined in the table below. The astute reader...