Energy: Oil

Today’s Trades: GOOGL, CVX, DFP

My 50% profit target was hit on the $GOOGL Nov $155 short put option.

I used the freed up cash to:

Sell a Chevron $CVX put option.
YOU SOLD OPENING TRANSACTION PUT (CVX) CHEVRON CORP NEW COM NOV 15 24 $145 (100 SHS) (Cash) @ $2.29 ($229), representing an annualized yield of 18.60%.
Chevron is a Divident Aristocrat that pays a 4.30% dividend, so I would not mind owning this stock if it gets assigned to me.
Flaherty & Crumrine Dynamic Preferred and Income Fund $DFP
  • Added 65 shares
  • Pays 6.33% monthly distribution
  • Currently selling at a 5.51% discount
  • I am now adding to preferred stocks and limited duration bonds to get more yield than 3 month T-Bills are paying

Today’s Trades: WMB, KO, DVN, NVDA

My “50% profit within first two weeks” order was hit on two of my cash-secured puts, WMB and KO.

Used that available cash to sell another cash-secured put:

NVDA

Sell to Open 1 Contract NVDA Oct 18 2024 110 Put Limit at $3.80 (Day)
Filled at $3.80, Annualized return 38.4%

 

Losing trade:

DVN: my $42.50 cash-secured put was assigned to me, so I am now long DVN at $42.50.

So, I sold an October $42.50 covered call option for $.50 ($50), representing an annualized yield of 14.2%.

Today’s Trades: AAPL, KO, DVN, BDJ, SHEL

Closed 1 AMD cash-secured put for an 80% profit, freeing up some cash to work with.

Closed 2 NVDA cash-secured puts for an 80% profit, freeing up some cash to work with.

Sold 3 cash-secured puts on stocks I would not mind owning if they get assigned to me:

AAPL

Sep-12-2024, Sell to Open 1 Contract AAPL Oct 18 2024 215 Put Limit at $3.70 (Day)
Filled at $3.85 ($385), representing an 18% annualized yield.
KO
DVN
Used the remaining cash to add to:
SHEL:  4.12% dividend
BDJ:  8.04% monthly dividend

Today’s Trades: GAP, VLO

The Gap Inc. (GAP)

Sold two Oct 19 strike cash-secured puts @ $.77 each. ($154), representing a 37.93% annualized yield.

  • rated all green, “top stock” by Seeking Alpha
  • 3% yield on the stock

Valero Energy Corporation (VLO)

Added some shares to my existing position.

  • rated 2 green on Seeking Alpha
  • 3.19% yield

 

Today’s Trades: PFE, USOI, SFL, NVDA, OXY, DVN

Today’s Trades: AMD, USOI

Advanced Micro Devices (AMD)

Another stock I would not mind owning in my portfolio, so I sold a Sept. 140 cash-secured put option @$6.55, which equates to 18.17% annualized yield.

Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI)

Added 14 shares @$74.52 to my portfolio. This energy play on oil pays a distribution of 19.6% monthly.