$AHP.TO trading at $15.88/share
SOLD 5 $APH.TO Sep14'18 14 PUT @CDE @ 0.75
$LMT trading at $324.38/share
SOLD 1 $LMT Dec21'18 345 CALL @ 4.35
I still have my assigned 100 shares from this post. Sold 100 shares at realized profit of $692.91 on April 20th... but I had cover call on the last 100 shares that was after earnings and share prices drop dramatically. I've been trying to get rid of 100 shares for a while, but my avg now for my assignment is $336.74 per share. Hopefully, I can get rid of my shares by end of the year. With selling this covered call, it will reduce my cost to $332.39/share by expiry date.
Monday, August 27, 2018
Friday, August 17, 2018
Realized Profits for the Week: $451.00
Positions opened in July 2018 to collect on premiums by selling PUTs. Both expired worthless.
| Option | Accounts (Position) |
| SBUX 17AUG2018 48 P | Realized $53 USD(-1) |
| TD 17AUG2018 74 P | Realized $150 CAD(-2) |
I also realized $61 USD from BTO $SPY PUT as mentioned in previous post and $187.00 USD from BTO $MA CALL.
| Symbol | Trade Date/Time | Settle Date | Exchange | Type | Quantity | Price | Proceeds | Comm | Fee | |
|---|---|---|---|---|---|---|---|---|---|---|
| MA 28SEP18 200.0 C | 2018-08-15, 15:52:01 | 2018-08-16 | NASDAQOM | BUY | 1 | 5.9300 | -593.00 | -0.78 | |
| MA 28SEP18 200.0 C | 2018-08-16, 13:39:46 | 2018-08-17 | CBOE | SELL | -1 | 7.8000 | 780.00 | -1.10 | |
Thursday, August 9, 2018
NVDA trade @ $256.34, STO $225P @ $2.46 expiry date Sept 21, 2018
8/9 $NVDA @ $256.34
Sell to Open Sept21 225p @ $2.46
Earnings Report on Aug 16th
In order for me to lose money, the stock would have to drop below $222.54 per share (13% drop from current trading price).
Friday, August 3, 2018
SPY trade @ $283.27, BTO $283P @ $2.35 expiry date Aug 31, 2018
Option Trade:
Buy to Open PUT strike @ $283 when $SPY was trading at $283.27 on August 3, 2018. The premium I paid was $235.00 + commission of $0.71 with expiry date of August 31, 2018. Cost of trade is $235.71.
Reason: I am betting $SPY will go down at one point in August below $283, but time decay is of the essence. The fast $SPY dips below $283, the quicker I can exit my trade with a gain. Let's say by the end of the day $SPY goes down to $282... I can potential close my trade for $100 profit of the $235.00 I paid out.... Netting 43% on very little money gambled. But if $SPY goes above to $284, I can potential close my trade for $100 loss as well. It is very price sensitive... that is if I decide to cut my winnings or losses in a day. But I bought 20 trading days to see the price fluctuate...
Update: Aug 10th - blew my chance to get out with a $40 gain. All week, I've been down of upwards of $100 loss... but I just never know when the market will turn... got another 3 weeks to see it burn.
Aug 13th - sold my $283 PUT when $SPY was trading at $282.23 per share for $59 profit, 25% gain. Early morning hours, $SPY was trading above $283.00 and I was down $40. This goes to show you how fast a trade can turn on you. So I am making an exit before it rises again, but of course it always drops some more after I sold it. UGH.
Buy to Open PUT strike @ $283 when $SPY was trading at $283.27 on August 3, 2018. The premium I paid was $235.00 + commission of $0.71 with expiry date of August 31, 2018. Cost of trade is $235.71.
Reason: I am betting $SPY will go down at one point in August below $283, but time decay is of the essence. The fast $SPY dips below $283, the quicker I can exit my trade with a gain. Let's say by the end of the day $SPY goes down to $282... I can potential close my trade for $100 profit of the $235.00 I paid out.... Netting 43% on very little money gambled. But if $SPY goes above to $284, I can potential close my trade for $100 loss as well. It is very price sensitive... that is if I decide to cut my winnings or losses in a day. But I bought 20 trading days to see the price fluctuate...
Update: Aug 10th - blew my chance to get out with a $40 gain. All week, I've been down of upwards of $100 loss... but I just never know when the market will turn... got another 3 weeks to see it burn.
Aug 13th - sold my $283 PUT when $SPY was trading at $282.23 per share for $59 profit, 25% gain. Early morning hours, $SPY was trading above $283.00 and I was down $40. This goes to show you how fast a trade can turn on you. So I am making an exit before it rises again, but of course it always drops some more after I sold it. UGH.
Monday, March 26, 2018
OPPS, I forgot about my $LMT bull put spread
2- Bull put spread on $LMT $145/$135 strikes 23MAR18: premium collected $251 on $2000 margin risk
After I opened $LMT bull put spread on Feb 26, 2018, $LMT fell below my strikes and flattered in between. I didn't pay much attention to it but I knew I had to roll out my spread in order to save my spread. That very Friday, I totally forgot about $LMT as I went to work for a few hours then took a couple hours off mid-morning to watch a free movie Wonder at the theaters. By the time, I got back to work, my heart dropped a little bit as I realized that I didn't roll my spread!
$LMT was actually trading below my long strike at $135. Lo and behold, end of day, it closed just above $335 meaning my long strike is worthless and I got assigned my short puts for 200 shares @ $345.
Today, I am on margin for $69k and I need to lower my margin basis. I sold a couple of calls against $LMT to hopefully fund my financing cost and to get out of the stock at a profit eventually.
1- sold covered call on $LMT $347.50 strike 29MAR18: premium collected $190
1- sold covered call on $LMT $335.00 strike 20APR18: premium collected $217
I will keep on selling one weekly call, until it gets called away to reduce my margin load.
After I opened $LMT bull put spread on Feb 26, 2018, $LMT fell below my strikes and flattered in between. I didn't pay much attention to it but I knew I had to roll out my spread in order to save my spread. That very Friday, I totally forgot about $LMT as I went to work for a few hours then took a couple hours off mid-morning to watch a free movie Wonder at the theaters. By the time, I got back to work, my heart dropped a little bit as I realized that I didn't roll my spread!
$LMT was actually trading below my long strike at $135. Lo and behold, end of day, it closed just above $335 meaning my long strike is worthless and I got assigned my short puts for 200 shares @ $345.
Today, I am on margin for $69k and I need to lower my margin basis. I sold a couple of calls against $LMT to hopefully fund my financing cost and to get out of the stock at a profit eventually.
1- sold covered call on $LMT $347.50 strike 29MAR18: premium collected $190
1- sold covered call on $LMT $335.00 strike 20APR18: premium collected $217
I will keep on selling one weekly call, until it gets called away to reduce my margin load.
Monday, February 26, 2018
Sucessful $NVDA Bull Put Spread Roll
Opened on Nov 27th, 10 Bull Put Spread $207.50/$202.50 set to expire on Dec 1st when $NVDA was trading at $214 per share. $NVDA took a nose dive in the next few days and closed at $198 per share on Dec 1st.
On Dec 1st, 10 Bull Put Spread $190/$175 wider spread set to expire Mar 16, 2018.
Today, I closed $NVDA for 5c debit as $NVDA closed at $247 per share. I could have waited till Mar 16th for it to expire worthless but after what happened last time, I decided to close early to lessen the burden on my margin as this BPS took 15000 instead of the 5000 margin requirement. From this trade series, I profited $860.
Feb 26, 2018
2- Bull put spread on $LMT $145/$135 strikes 23MAR18: premium collected $251 on $2000 margin risk
First Trade BPS $207.50/$202.50: +$260 premium collected
Assigned shares of NVDA on Dec 1st: -$5000 capital loss
On Dec 1st, 10 Bull Put Spread $190/$175 wider spread set to expire Mar 16, 2018.
Second Trade BPS $190/$175: +$5600 premium collected
Today, I closed $NVDA for 5c debit as $NVDA closed at $247 per share. I could have waited till Mar 16th for it to expire worthless but after what happened last time, I decided to close early to lessen the burden on my margin as this BPS took 15000 instead of the 5000 margin requirement. From this trade series, I profited $860.
NEW TRADE FOR FEB 26, 2018
2- Bull put spread on $LMT $145/$135 strikes 23MAR18: premium collected $251 on $2000 margin risk
Tuesday, February 20, 2018
Trade Summary
I didn't make a single trade in January 2018. My short puts on $WMT finally expired worthless after a bull put spread gone bad back in June 2015.
My $AAPL cover call @ 175 (+$770 premium collected) also expired worthless on Feb 16, 2018 on a roll @ 165 (-$629.00 premium lost) on Nov 10, 2017. I made $141 from this trade. Original premium collected was $97.
Still have 10-Bull PUT spread on $NVDA strike @ $190/$175, expiry Mar 16, 2018. This was a roll from gone bad, but if NVDA stays above $190, I stand to make $650.
Feb 14, 2018
5- Bull put spread on $FB $165/$160 strikes 16MAR18: premium collected $275 on $2500 risk
Feb 20, 2018
1- Cover call on $AAPL $182.50 strike 16MAR18: premium collected $112.00
5- Bull put spread on $V $115/$110 strikes 23MAR18: premium collected $190 on $2500 risk
1- Short put on $TD.TO $66 strike 20APR18: premium collected $53 on $6600 risk
1- Short put on $TD.TO $68 strike 20APR18: premium collected $75 on $6800 risk
I paid $12.43 in commissions for USD options and $3 in commission for CAD options for the trades mentioned above.
My $AAPL cover call @ 175 (+$770 premium collected) also expired worthless on Feb 16, 2018 on a roll @ 165 (-$629.00 premium lost) on Nov 10, 2017. I made $141 from this trade. Original premium collected was $97.
Still have 10-Bull PUT spread on $NVDA strike @ $190/$175, expiry Mar 16, 2018. This was a roll from gone bad, but if NVDA stays above $190, I stand to make $650.
NEW TRADES FOR FEBRUARY 2018
5- Bull put spread on $FB $165/$160 strikes 16MAR18: premium collected $275 on $2500 risk
Feb 20, 2018
1- Cover call on $AAPL $182.50 strike 16MAR18: premium collected $112.00
5- Bull put spread on $V $115/$110 strikes 23MAR18: premium collected $190 on $2500 risk
1- Short put on $TD.TO $66 strike 20APR18: premium collected $53 on $6600 risk
1- Short put on $TD.TO $68 strike 20APR18: premium collected $75 on $6800 risk
I paid $12.43 in commissions for USD options and $3 in commission for CAD options for the trades mentioned above.
Subscribe to:
Posts (Atom)