“Covered Calls” Outperforming “Stock Only” in 13 of 20 positions.
We have been tracking the daily profitability of our covered call positions for an extended period of time. Many of the positions have been rolled several times. If stock is assigned it was removed from the tracking and considered closed. The following positions are “open”. If the Black Line is above the Blue Line the … Continue reading “Covered Calls” Outperforming “Stock Only” in 13 of 20 positions.
Covered Call on PYPL, -$330 in 5 Days, -.4% or -27% Annualized.
On 7/13 we established a CC on PYPL. Stock fell over the next couple of days. On Friday we opened a second CC purchasing the stock at a lower price and writing a lower priced option ($175). We also did a calendar roll on the $177.50 call options for a net credit of $2.04. PYPL … Continue reading Covered Call on PYPL, -$330 in 5 Days, -.4% or -27% Annualized.
Covered Call on MDT, +$2,560 in 17 Days, 2.8% or 60% Annualized.
On July 17 our $93 call options were expiring “in the money” (stock above the strike price). Rather than have the stock called away we did a diagonal roll up to the Jul 24 $96 at a net cost of $2.50 (incremental investment. MDT has a good history and pays an excellent dividend (next ex-div … Continue reading Covered Call on MDT, +$2,560 in 17 Days, 2.8% or 60% Annualized.
Covered Call on LNC, +$3,070 in 23 Days +8.6% or 136% Annualized
Thanks to the website coveredcallsadvisor.blogspot.com for an excellent analysis on LNC. I followed the general recommendation for writing a covered call and it has worked out well. $400 of dividends and making money on both the stock and the options. Did a calendar roll out of the options to Aug 21 at a net credit … Continue reading Covered Call on LNC, +$3,070 in 23 Days +8.6% or 136% Annualized
Enjoying the ride……+3% for the week, +$16,995 month to date (6.1%), new high for the account…but it will end….but when???
Friday July 17 …..weekly and monthly options expiring. Started the day saying this market can’t continue marching upward. Plans were to liquidate a few positions and sit in cash and watch. Emotion kicks in….and I mostly rolled my positions staying invested.
IB Account – Return on 7 CC Positions – Annualized returns of 127%, 122%, -4%, 610%, -333%, 172% and 47%.
Our most profitable position based on annualized ROI is INMD at 610% (only 3 days). PYPL with 3 days is our worst position at -333%.
IB Account +49.5% vs S&P 500 +3.45%
Yesterday was a wild ride….too wild. End of the day we hit a new high in the account of $287,827. YTD we are up almost 50%. New covered call on INMD bounced back yesterday and became profitable up $1,159 or 3.9% in one day or 1,440% annualized. New position in PYPL is still negative $335 … Continue reading IB Account +49.5% vs S&P 500 +3.45%
July 10 Week Ending – Activity and Positions.
28 Positions across 3 accounts 24 of 28 are positive 6 positions assigned (shares called away as stock price higher than strike price) 4 positions expired (stock price lower than strike price) Selling options added to position profitability in 18 of 24 positions Large positive moves in DXCM, AMAZ, SDC stock prices create overall losses … Continue reading July 10 Week Ending – Activity and Positions.
Update on IB Account and BCRX, Vertical Roll $4/$5, Position +$6,916 in 56 days, 18% or 119% Annualized
IB account continues to perform well. MTD it is up $6,284 or 2.75% vs S&P +1.74%. We are profitable in 6 of 7 positions. EW stock price continues to lag and we have not been selling calls anticipating a rise in stock price. Time to either double down or exit. Yesterday (7/8) we did a … Continue reading Update on IB Account and BCRX, Vertical Roll $4/$5, Position +$6,916 in 56 days, 18% or 119% Annualized
June IB Account Summary +4.45% vs S&P 500 +.13%
June was a roller coaster month. Down over 5% in early June the account closed strong and outperformed the S&P 500 by a wide margin. June close at $278,505 was a new high for the account. Closed the month with 6 of 8 positions profitable.
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