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Covered Call Strategy on AMT after 102 days…..profit of 13.4% or 47.8% annualized.

We opened a covered call on AMT on Apr 1, 2021 (so far it hasn’t been an April Fool joke!). The strategy is working well. In addition to collecting the option premiums we have also received $251 in dividends. Stock appreciation is generating the bulk of the profit. The appreciation has forced us to “roll … Continue reading Covered Call Strategy on AMT after 102 days…..profit of 13.4% or 47.8% annualized.

Update on SPY Ladder

Today we closed our remaining June SPY Iron Condor (it has 21 DTE) and opened a Jul 30 IC. We currently have 9 open IC’s in the month of July. Profitability of the ladder has been improving and reached a new high today of $4,686. This is a 9% return on capital or 26% annualized. … Continue reading Update on SPY Ladder

Amazon Covered Call Strategy….One Year….Profit of $97,760…44% Annualized

Over the past year I have “managed” a covered call position on Amazon. During the year the short call options have been rolled 123 times. The rolls have been to keep the short strikes “at the money”. Both the stock ($83,839) and short options ($13,921) have both contributed to the profit. The stock has dropped … Continue reading Amazon Covered Call Strategy….One Year….Profit of $97,760…44% Annualized

Covered Call on CVS, positive contribution from stock, option premiums and dividend….Unrealized profit of $1,098, 5.1% return in 49 days or 37.8% annualized.

It doesn’t happen often when a CC position is profitable on the stock, option premiums and dividends. Our position in CVS is currently positive with all three. Early on the stock dropped (blue line) so we were losing money on the stock and making money on the options (red line). Recently the stock has run … Continue reading Covered Call on CVS, positive contribution from stock, option premiums and dividend….Unrealized profit of $1,098, 5.1% return in 49 days or 37.8% annualized.

Lumber prices are ridiculous….CC on WY (Weyhauser) ….can we make enough on the CC to offset some of inflated lumber prices on reno?

Lumber prices have gone crazy. Rather than complain about the prices we decided to establish a CC on one of the top lumber companies, WY. This “approach” has worked in the past with Peleton. We wanted to buy a Peleton so we set up a CC and paid for the bicycle 50x over. I don’t … Continue reading Lumber prices are ridiculous….CC on WY (Weyhauser) ….can we make enough on the CC to offset some of inflated lumber prices on reno?

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