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 IB Account +16% YTD
YTD the account is up almost 16%…..which is in line with the goal of 1-2% growth per month. The returns were much higher in 2020 but it was much easier to generate returns last year. We are more conservative this year with almost a third of the account in cash. Last week the account hit … Continue reading Update on IB Account +16% YTD
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
Assigned on NIO on 5/29/21, Profit of $24,073 in 258 days, Return on Capital of 84.9% or 120% annualized
Assigned on NIO Covered Call strategy after 258 days of managing the position…85% profit
Assigned on DVN, profit of $1,070 in 8 days, return on capital of 4.4% or 200% annualized.
Assigned on DVN….great ROC in 8 Days
Update on SPY Iron Condor Ladder Strategy….not much to show for the work so far….
I created this post in Optionsbistro.com….the link should take you to the posting. https://optionsbistro.com/2021/05/26/update-on-spy-ladder-strategy-lot-of-activity-not-much-to-show-for-it-yet/(opens in a new tab)
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?
The Value of Dividends with Covered Calls… an example with PBR
On April 6 we established a CC on PBR when we bought the stock for $8.43 and Sold Apr 16 $8.50 Call for $.17.When we set up CC we were planning to collect the $.29 dividend (ex date Apr 15). The stock dropped in value after we established the position (blue line in graph). Our … Continue reading The Value of Dividends with Covered Calls… an example with PBR
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