Trying to protect versus making more….
It is much easier (and fun) to manage your investments in a flat or up market. Down markets take knowledge and skills that I am improving but still have lots to learn. Market has been tough the past six days. Doing my best to protect the gains from the past year…and have cash available if … Continue reading Trying to protect versus making more….
Update on Put Strategies
Table below is tracking the open Iron Condors (IC), Bull Put Spreads (BuPS) and Diagonal Bull Put Spreads (DiagBuPS). So far the combination of put strategies is generating a profit of $5,231. We have $135,300 of capital “reserved” against the positions. Return on Capital is 3.87% in less than a month. The Diagonal Put Spreads … Continue reading Update on Put Strategies
Update on AMZN Covered Call Strategy after 277 Days, +$92,620, ROI 81% or 107% Annualized
AMZN CC strategy continues to perform well. Tables below show the continued progress. In late January I switched the tracking software so the graph starts with the historical profit on the stock, option and net as of Jan 25. In the tables below it shows our all time profits on AMZN as well as the … Continue reading Update on AMZN Covered Call Strategy after 277 Days, +$92,620, ROI 81% or 107% Annualized
New CC in RTX (Raytheon)
This morning we initiated a new CC in RTX. Purchased 1000 shares and sold 10 Feb 26 $74.50 Call options. Net price was $72.33. In addition to capturing the call premium we are looking to capture the dividend of $.475 that goes ex-div 2/25. Stock is up $.93 since we bought the position. Max profit … Continue reading New CC in RTX (Raytheon)
Iron Condor (IC) on ABT, DXCM
Our IC on ABT lost money this week as ABT stock increased in value. The table below shows the current status (ignore the -15 ABT 02/19/2021 $127 Calls as they are part of a covered call). The “wings” of our IC include a call spread of $125/$135 (10 point spread) on the upper side and … Continue reading Iron Condor (IC) on ABT, DXCM
Good Week and New High in IB Account, +4.31% in the week, +11.85% YTD
IB account had a good week gaining over $16,000 helped by $10,700 gain on Friday. The 11.85% YTD is more than double the 4.76% for the S&P. This is the first time the account has crossed $400,000. Dexcom announced earnings on Thursday after the market closed leading to a wild swing. It was down almost … Continue reading Good Week and New High in IB Account, +4.31% in the week, +11.85% YTD
IB Account – Current Positions and Progress
We currently have 10 positions (9 different stocks, tracking two SDC positions entered differently). 8 of the 9 positions are profitable generating unrealized profit of $143,975. The stocks have performed very well generating most of the profits. Below are graphs of each position over time. In addition to selling calls against the stock we have … Continue reading IB Account – Current Positions and Progress
Covered Call on NIO, Unrealized profit of $56,870.
We established the covered call position on NIO on Aug 20, 2020. It has been a wild ride with the stock driving profit of $87,917 and the options generating ($31,047) for a net profit of $56,870. We have been rolling the options on a weekly basis trying to maintain “at the money” options. Despite the … Continue reading Covered Call on NIO, Unrealized profit of $56,870.
Closed out DXCM CC, Profit of $4,252.
DXCM announced earnings today after the market closed. We decided to sell our shares and buy back the options to avoid the wild swing that follow the announcements. History was projecting the stock would move +/- 8% ($32). We established the position on July 20/2020. We rolled the position 18 times. All of the profit … Continue reading Closed out DXCM CC, Profit of $4,252.
Closing BuPS on PINS, Profit $1,051 in 27 Days, Return on Capital of 21% or 284% Annualized
On Jan 12 we opened up a Bull Put Spread on PINS (Pinterest). Today we closed out the position after 27 days as minimal upside was available up to the Feb 19 expiration date. Position generated a nice profit and high return on capital.
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