options

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: OZK, GAP, SGOV

My buy-to-close orders were filled on two of my short put option positions.

OZK Nov $37.50 put closed for 55% profit.

GAP Oct $19 put closed for 87% profit.

I used the freed up cash to buy:

SGOV iShares® 0-3 Month Treasury Bond ETF

  • 5.25% monthly dividend

I want to have some cash or cash-equivalents available around election time.

Today’s Trades: AMZN, GOOGL, HASI

AMZN
Reached my “50% profit within first two weeks” rule and bought back my AMZN Oct short put.
Used that cash to sell more cash-secured puts:
GOOGL
Sold to open 1 Contract GOOGL Nov 15 2024 155 Put Limit at $4.05 ($405)
Represents an annualized yield of 17.99%
HASI
Sold to Open 1 Contract HASI Nov 15 2024 30 Put Limit at $0.65 ($65)
Represents an annualized yield of 14.92%

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: MRVL, PFE

Marvell Technology (MRVL)

Closed out a short put option in MRVL for a 90% profit. Annualized yield 14.2%.

YOU BOUGHT CLOSING TRANSACTION PUT (MRVL) MARVELL TECHNOLOGY AUG 16 24 $62.5 (100 SHS) (Cash) -$15.03

Pfizer (PFE)

Sold a put option on a stock I wouldn’t mind owning if it is put to me. Annualized yield 15.07%.

Sell to Open 1 Contract PFE Oct 18 2024 28 Put Limit at $0.74 (Day)

Today’s Trades: MU, NVDA, AMD, SFL

Had a 3-month T-Bill mature today so I used the funds to sell 3 cash-secured put options on stocks I wouldn’t mind owning should they get put to me.

Micron Technology, Inc. (MU)

Advanced Micro Devices, Inc. (AMD)

Sell to Open 1 Contract AMD Sep 20 2024 130 Put Limit at $5.65, Filled at $5.65
This represents a 27.83% annualized yield.

NVIDIA Corporation (NVDA)

SFL Corporation Ltd. (SFL)

Today’s Trades: SOFI, KO

The Coca-Cola Company (KO)

SoFi Technologies, Inc. (SOFI)

I am learning how to do vertical option spreads. Sold two low-risk bull put vertical spreads. See below:

SOFI Aug 16 Sell $6.00 $0.17
SOFI Aug 16 Buy $5.00 -$0.04
$0.13 Credit
$1.00 $0.02 Buy back
Minimum credit 10% times the strike difference
 $0.10 Yes
Max reward $0.13
Max risk $1.00
Return 14.94%
Credit divided by the risk (credit to risk ratio)
 13.00%
 

 

 
KO Aug 30 Sell $62.00 $0.41
KO Aug 30 Buy $60.00 -$0.16
$0.25 Credit
$2.00
Minimum credit 10% times the strike difference
 $0.10 Yes
Max reward $0.25
Max risk $2.00
Return 14.29%
Credit divided by the risk (credit to risk ratio)
 12.50%