Covered Call Trade Initiated in Citigroup (C)
Tuesday April 20, 2021I have to say at the outset that opening a covered call trade today felt uncomfortable. For me, it feels like the stock market has had an excellent run and is about to roll over. That being said, as a systematic trader I have to follow my processes.
Today, I bought Citigroup shares at $69.68 and sold ITM May-21 $69.50 calls for $2.18 which sets up a potential annualized return of 34%. I decided to sell ITM rather than OTM as my Market Timer is currently providing a low reading of 2.5.
Farfetch
Today, I sold my Farfetch shares to close out my unprofitable covered call trade in that stock with a 3.6% loss.
Qualcomm
Today, I sold my Qualcomm shares for $130.49 resulting in a profitable trade with a 4.2% profit.
April 16 Covered Call Trade Summary
I had nine covered call trades based on April 16 expiry dates and even with the Farfetch losing trade, the average annualized return including commissions was 30.9%. It would be wonderful if my CC trades provide these results every month but my trade results are, in large part, dependent on the movement of the broad market over which I have no control and little foresight.
...COVERED CALL POSTS
Covered Call Trade Initiated in Citigroup (C)
Results of Call Options That Expired on April 16
Covered Call Trade Initiated with Morgan Stanley (MS)
Covered Call Trade Initiated with Advanced Micro Devices (AMD)
Covered Call Trade Action Today (AMT, GOLD, CMCSA)
Covered Call Trade Initiated with Farfetch (FTCH)
New Covered Call with Abbvie (ABBV)
Covered Calls Initiated in CVS (CVS) and Merck (MRK)
Performance Report for April 01 Expiry Option Trades
Covered Call With Comcast (CMCSA)
Closed Apple and Pinterest Covered Calls
Covered Call Trades on March 26 (HD, NEM, GILD)
Covered Call Trade Opened With Vistra (VST)
Two Covered Call Trades Closed on March 19
Covered Call Trades Initiated on Apple (AAPL) and Pinterest (PINS)
Covered Call Trade Opened on Vale S.A. (VALE)
Covered Call Trades in Qualcomm (QCOM) and UPS (UPS)
Covered Call Trade Initiated With Alibaba (BABA) Shares
Expecting Early Assignment of My Merck (MRK) Shares
Covered Call Trade With Shares of Walmart (WMT)
NAKED PUT POSTS
Naked Put Trade Initiated With Square (SQ)
Naked Put Trades Closing on April 16
Naked Put Trade Initiated with Etsy (ETSY)
Naked Put Trade Initiated with Peloton (PTON)
Closed Naked Put Trade with Square (SQ)
Bought Back CrowdStrike (CRWD) Naked Puts and Opened ViacomCBS (VIAC) Trade
Partial Covered Straddle With Newmont Mining (NEM)
Performance Report for April 01 Expiry Option Trades
Naked Put Trade with Schlumberger (SLB)
Naked Put Trades With Square (SQ) and CrowdStrike (CRWD)
Naked Put Trades Closed on March 26 (GILD, PYPL, JD)
Peloton (PTON) Naked Puts Sold
Gilead (GILD) Naked Put Trade
Two Profitable Naked Puts Trades Closed and One New One Opened
Naked Puts on Square (SQ) Closed on March 12
Naked Put Option Trades for the Week Ending February 26, 2021
Naked Put Option Trades for the Week Ending February 12, 2021
Naked Put Options for the Week Ending January 29, 2021
Naked Put Options for the Week Ending January 17, 2021
Naked Put Option Trades for the Week Ending January 08, 2021
SYSTEMATIC TRADE POSTS
Timing Luck with Tactical Asset Allocation
Process Versus Outcomes in Investing
Measuring Your Trading Performance With The Gain to Pain Ratio
The Most Important Step To Becoming a Better DIY Investor
Short Term Performance Results Will Vary
Superforecasting
So You Want to Be An Actively Passive Investor
The Challenges of Successful Trading
Credit Suisse Global Investment Returns Yearbook
Larry Swedroe Doesn’t Like Tactical Asset Allocation Funds
Got Alpha With That ETF Momentum Trading Strategy?
Adaptive Asset Allocation and Dual Momentum Investing Using ETF’s
Have You Considered the Role of Luck in Your Trading?
Best Trading Advice For Systematic Traders
Picking Marbles Out Of A Bag
Failing Towards Success in Trading
The Importance of the Starting Point in Measuring Investment Performance
The Impact of Survivorship Bias on Trading Strategy Backtest Results
New Bet Sizing Research From Ralph Vince
Ralph Vince and Position Sizing
TRENDING POSTS
Naked Put Trade Initiated With Square (SQ)
Covered Call Trade Initiated in Citigroup (C)
Naked Put Trades Closing on April 16
Results of Call Options That Expired on April 16
Covered Call Trade Initiated with Morgan Stanley (MS)
Covered Call Trade Initiated with Advanced Micro Devices (AMD)
Naked Put Trade Initiated with Etsy (ETSY)
Covered Call Trade Action Today (AMT, GOLD, CMCSA)
Naked Put Trade Initiated with Peloton (PTON)
Closed Naked Put Trade with Square (SQ)
Bought Back CrowdStrike (CRWD) Naked Puts and Opened ViacomCBS (VIAC) Trade
Covered Call Trade Initiated with Farfetch (FTCH)
Partial Covered Straddle With Newmont Mining (NEM)
New Covered Call with Abbvie (ABBV)
Covered Calls Initiated in CVS (CVS) and Merck (MRK)
Performance Report for April 01 Expiry Option Trades
Naked Put Trade with Schlumberger (SLB)
Covered Call With Comcast (CMCSA)
Naked Put Trades With Square (SQ) and CrowdStrike (CRWD)
Closed Apple and Pinterest Covered Calls

Disclaimer:
The Systematic Trader. This site may include market analysis. All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.