Sunday, December 17, 2017

Options Update: November 2017

I write monthly options update articles to keep track of options trades in my DivGro portfolio. I sell covered calls on dividend growth stocks I own or secured puts on stocks I'd like to own.

Each update serves as a status report on the open options and the obligations I have. I also report on new trades and I provide a running tally of DivGro's options income to date.

While DivGro is focused on investing in dividend growth stocks, I added options trading to the mix in June 2016. My goal is to generate options income and to use the money I collect to buy more dividend growth stocks.

Through November 2017, I've collected options income totaling $20,263.

One of my 2017 goals is to earn at least $8,400 in options income. I count secured options income, which is options income without associated obligations. November was a fantastic month, as I secured options income totaling $1,336! As a result, I've achieved my 2017 goal!

Below is a snapshot showing the trades I executed in November. You can see all my options trades on a new options page that automatically updates whenever I enter new trades.


One option got assigned and I rolled forward two put options and one call option. Furthermore, one expired and I closed seven options early. Additionally, I wrote eight put contracts.

Assigned Options


When an options holder exercises an option, it is said to be assigned.

In November, one option contract I had sold got assigned:

#1012017-07-18:3×PFE 15 Dec 2017 $34.00 C $ 210.00 ( $ -2.39 )

On 8 November, the December $34 covered call options I sold against my Pfizer (PFE) shares got exercised early. The options holder exercised the options just before PFE's ex-dividend date (9 November), so I missed out on collecting December's dividend.

See this article for a complete trade summary, but the bottom line is that I netted $500.07 from my PFE options trades.

Expired Options


In November, one short put option expired:

#1132017-09-27:2×VLO 17 Nov 2017 $70.00 P $ 162.00 ( $ -0.99 )

On options expiration day, Valero Energy (VLO) closed at $82.88, well above the put option's strike price of $70. I no longer have the obligation to buy 200 VLO shares at $70 per share.

Closed Options


When an out of the money option goes further out of the money, you can close the option early and secure most of the options income.

In November, I closed the following options early and secured at least 86% of available income:

#0992017-07-18:3×GE 18 Jun 2018 $30.00 C $ 153.00 ( $ -12.21 ) → secured 92% of available income
#1102017-08-30:2×WMT 15 Dec 2017 $75.00 P $ 314.00 ( $ -7.15 ) → secured 98% of available income
#1152017-10-20:1×DIS 15 Dec 2017 $95.00 P $ 145.00 ( $ -17.59 ) → secured 88% of available income
#1002017-07-18:2×LOW 19 Jan 2018 $75.00 P $ 830.00 ( $ -113.67 ) → secured 86% of available income
#0632017-03-17:1×PG 15 Dec 2017 $90.00 C $ 492.00 ( $ -67.90 ) → secured 86% of available income

Additionally, I closed my Target (TGT) covered call options for a loss to harvest tax losses on the TGT shares I owned. Overall, though, I netted $835.73 in options income from my TGT options trades.

#0642017-03-17:1×TGT 19 Jan 2018 $65.00 C $ 93.00 ( $ -117.89 )
#0902017-06-21:2×TGT 19 Jan 2018 $65.00 C $ 76.00 ( $ -235.55 )

My plan is to reinstate my TGT position in January, hopefully near a yield of 4%. We'll see how it goes.

Rolled Options


Rolling forward options means buying back an option and selling another option with a later expiration date. You can do this to avoid options assignment for in the money options.

In November, I rolled forward three call options, one on Apple (AAPL), one on Nike (NKE), and one on VLO:

#1172017-11-17:2×AAPL 16 Feb 2018 $150.00 P $ 376.00 ( $   -1.60 )
#1112017-09-14:2×AAPL 15 Dec 2017 $135.00 P $ 203.00 ( $ -14.17 )→ #117

#1192017-11-17:3×NKE 20 Apr 2018 $50.00 P $ 208.00 ( $   -2.39 )
#0982017-07-18
:
3×NKE 19 Jan 2018 $50.00 P $ 301.00 ( $ -79.22 )→ #119

#1212017-11-17:1×VLO 18 Jan 2019 $80.00 C $ 892.00 ( $        -0.64 )
#0852017-06-16:1×VLO 15 Dec 2017 $70.00 C $ 230.00 ( $ -1,211.42 )→ #121

AAPL's recent price action provided some scope to increase the strike price of my short puts. AAPL is trading near $174 per share, 16% above the new strike price of $150.

Since October, NKE's stock price has increased by about 27%. While this price action afforded the opportunity to increase my strike price, I decided to stay with the original $50 strike price, instead just rolling forward to April expiration.

As for VLO, the stock has increased 37% since mid-August! My covered call was deep in the money and in danger of being assigned. Pushing the expiration date to January 2019 allowed me to increase the strike price to $80. VLO is trading at $88.18 per share, so the covered call remains deep in the money. The option can be exercised at any time.

New Covered Calls


Selling covered calls is a way to collect extra income on stocks you already own. I did not sell any covered calls in November.

New Put Contracts


Selling put options allows me to set the price I'm willing to pay for a stock I want to buy. In effect, I get paid while waiting for the share price to drop! I sold eight put contracts in this period:

#118 : 2017-11-17: Sold to Open 2 Contracts of Option MO Jan 19 2018 62.50 P

I'm willing to buy 200 shares of Altria (MO) for $62.50 per share on or before 19 January 2018. MO closed at $66.42 per share on the date of my trade:

Open Date :  2017-11-17
Expiration Date :  2018-01-19    Number of Days in Trade : 63
Price at Close :  $66.42 per shareDiscount at Strike Price : 5.90%
Strike Price :  $62.50 per share
Number of Contracts : 2Number of Shares :200
Put Premium :  $1.40 per shareOptions Income : $280.00
Commission : -$0.99
Net Premium :  $1.405 per shareNet Options Income : $279.01
Options Yield :  2.12%Annualized Options Yield : 12.29%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $61.10Discount if Exercised : 8.02%

This put option trade yields 2.12%, or 12.26% on an annualized basis. At $66.42 per share, MO yields 3.97%, so I'm boosting dividend income by a factor of 3.10. If the options are exercised, I'll buy 200 shares at a cost basis of $61.10 per share, a discount of 8.02%.



#120 : 2017-11-17: Sold to Open 2 Contracts of Option TXN Mar 16 2018 85.00 P

I'm willing to buy 200 shares of Texas Instruments (TXN) for $85.00 per share on or before 16 March 2018. TXN closed at $97.74 per share on the date of my trade:

Open Date :  2017-11-17
Expiration Date :  2018-03-16    Number of Days in Trade : 119
Price at Close :  $97.74 per shareDiscount at Strike Price : 13.03%
Strike Price :  $85.00 per share
Number of Contracts : 2Number of Shares :200
Put Premium :  $2.00 per shareOptions Income : $400.00
Commission : -$0.99
Net Premium :  $2.005 per shareNet Options Income : $399.01
Options Yield :  2.05%Annualized Options Yield : 6.29%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $83.00Discount if Exercised : 15.09%

This put option trade yields 2.05%, or 6.30% on an annualized basis. At $97.74 per share, TXN yields 2.54%, so I'm boosting dividend income by a factor of 2.48. If the options are exercised, I'll buy 200 shares at a cost basis of $83.00 per share, a discount of 15.09%.



#122 : 2017-11-17: Sold to Open 2 Contracts of Option WBA Dec 15 2017 70.00 P

I'm willing to buy 200 shares of Walgreens Boots Alliance (WBA) for $70.00 per share on or before 15 December. WBA closed at $71.25 per share on the date of my trade:

Open Date :  2017-11-17
Expiration Date :  2017-12-15    Number of Days in Trade : 28
Price at Close :  $71.25 per shareDiscount at Strike Price : 1.75%
Strike Price :  $70.00 per share
Number of Contracts : 2Number of Shares :200
Put Premium :  $2.44 per shareOptions Income : $488.00
Commission : -$0.99
Net Premium :  $2.445 per shareNet Options Income : $487.01
Options Yield :  3.43%Annualized Options Yield : 44.74%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $67.56Discount if Exercised : 5.19%

This put option trade yields 3.43%, or 44.76% on an annualized basis. At $71.25 per share, WBA yields 2.25%, so I'm boosting dividend income by a factor of 19.89. If the options are exercised, I'll buy 200 shares at a cost basis of $67.56 per share, a discount of 5.19%.



#123 : 2017-11-21: Sold to Open 3 Contracts of Option BAC Jan 19 2018 25.00 P

I'm willing to buy 300 shares of Bank of America (BAC) for $25.00 per share on or before 19 January 2018. BAC closed at $26.62 per share on the date of my trade:

Open Date :  2017-11-21
Expiration Date :  2018-01-19    Number of Days in Trade : 59
Price at Close :  $26.62 per shareDiscount at Strike Price : 6.09%
Strike Price :  $25.00 per share
Number of Contracts : 3Number of Shares :300
Put Premium :  $1.20 per shareOptions Income : $360.00
Commission : -$2.23
Net Premium :  $1.207 per shareNet Options Income : $357.77
Options Yield :  4.54%Annualized Options Yield : 28.11%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $23.79Discount if Exercised : 10.62%

This put option trade yields 4.54%, or 28.08% on an annualized basis. At $26.62 per share, BAC yields 1.80%, so I'm boosting dividend income by a factor of 15.61. If the options are exercised, I'll buy 300 shares at a cost basis of $23.79 per share, a discount of 10.62%.



#124 : 2017-11-21: Sold to Open 2 Contracts of Option RL Jan 19 2018 80.00 P

I'm willing to buy 200 shares of Ralph Lauren (RL) for $80.00 per share on or before 19 January 2018. RL closed at $90.27 per share on the date of my trade:

Open Date :  2017-11-21
Expiration Date :  2018-01-19    Number of Days in Trade : 59
Price at Close :  $90.27 per shareDiscount at Strike Price : 11.38%
Strike Price :  $80.00 per share
Number of Contracts : 2Number of Shares :200
Put Premium :  $1.50 per shareOptions Income : $300.00
Commission : -$0.09
Net Premium :  $1.500 per shareNet Options Income : $300.09
Options Yield :  1.66%Annualized Options Yield : 10.28%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $78.50Discount if Exercised : 13.04%

This put option trade yields 1.66%, or 10.29% on an annualized basis. At $90.27 per share, RL yields 2.22%, so I'm boosting dividend income by a factor of 4.63. If the options are exercised, I'll buy 200 shares at a cost basis of $78.50 per share, a discount of 13.04%.



#125 : 2017-11-21: Sold to Open 3 Contracts of Option X Jan 19 2018 26.00 P

I'm willing to buy 300 shares of United States Steel (X) for $26.00 per share on or before 19 January 2018. X closed at $28.16 per share on the date of my trade:

Open Date :  2017-11-21
Expiration Date :  2018-01-19    Number of Days in Trade : 59
Price at Close :  $28.16 per shareDiscount at Strike Price : 7.67%
Strike Price :  $26.00 per share
Number of Contracts : 3Number of Shares :300
Put Premium :  $2.52 per shareOptions Income : $756.00
Commission : -$2.09
Net Premium :  $2.527 per shareNet Options Income : $753.91
Options Yield :  8.97%Annualized Options Yield : 55.53%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $23.47Discount if Exercised : 16.64%

This put option trade yields 8.97%, or 55.55% on an annualized basis. At $28.16 per share, X yields 0.71%, so I'm boosting dividend income by a factor of 78.21. If the options are exercised, I'll buy 300 shares at a cost basis of $23.47 per share, a discount of 16.64%.



#126 : 2017-11-30: Sold to Open 2 Contracts of Option BBT Mar 16 2018 46.00 P

I'm willing to buy 200 shares of BB&T (BBT) for $46.00 per share on or before 16 March 2018. BBT closed at $49.42 per share on the date of my trade:

Open Date :  2017-11-30
Expiration Date :  2018-03-16    Number of Days in Trade : 106
Price at Close :  $49.42 per shareDiscount at Strike Price : 6.92%
Strike Price :  $46.00 per share
Number of Contracts : 2Number of Shares :200
Put Premium :  $1.92 per shareOptions Income : $384.00
Commission : -$0.99
Net Premium :  $1.925 per shareNet Options Income : $383.01
Options Yield :  3.90%Annualized Options Yield : 13.44%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $44.08Discount if Exercised : 10.82%

This put option trade yields 3.90%, or 13.42% on an annualized basis. At $49.42 per share, BBT yields 2.67%, so I'm boosting dividend income by a factor of 5.03. If the options are exercised, I'll buy 200 shares at a cost basis of $44.08 per share, a discount of 10.50%.



#127 : 2017-11-30: Sold to Open 2 Contracts of Option EEM Jan 19 2018 46.00 P

I'm willing to buy 200 shares of iShares MSCI Emerging Markets (EEM) for $46.00 per share on or before 19 January 2018. EEM closed at $46.10 per share on the date of my trade:

Open Date :  2017-11-30
Expiration Date :  2018-01-19    Number of Days in Trade : 50
Price at Close :  $46.10 per shareDiscount at Strike Price : 0.22%
Strike Price :  $46.00 per share
Number of Contracts : 2Number of Shares :200
Put Premium :  $2.34 per shareOptions Income : $468.00
Commission : -$0.85
Net Premium :  $2.344 per shareNet Options Income : $467.15
Options Yield :  5.09%Annualized Options Yield : 37.01%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $43.66Discount if Exercised : 5.30%

This put option trade yields 5.09%, or 37.15% on an annualized basis. At $46.10 per share, EEM yields 1.28%, so I'm boosting dividend income by a factor of 28.92. If the options are exercised, I'll buy 200 shares at a cost basis of $43.66 per share, a discount of 5.30%.


For selling puts, I like to see a dividend boost factor of 5.00 or more unless I can buy shares at a discount of at least 10%. With a boost factor of 3.09 and a discount of 8.02%, the MO put option trade is the only one that does not meet my desired criteria.

Options Expiring Next Month


The following options expire in December:

#1222017-11-17:2×WBA 15 Dec 2017 $70.00 P $ 244.00 
( $ -0.99 ) → Out of the money with a 3% safety margin
#1022017-08-18:2×HRL 15 Dec 2017 $32.50 P $ 200.00 ( $ -0.11 ) → Out of the money with a 13% safety margin

As my update is a little late this month, I know these options already expired. I'll report on them next time.

Options Income Tally


Here is a running tally of the total amount received from options trades, as well as the options premiums secured due to options that expired:

IDDATE:NO×TICKER OPTIONINCOME( EXPENSES )ROLLEDTOTAL➤ SECURED
#1272017-11-30:  2×EEM 19 Jan 2018 $46.00 P $    234.00 ( $        -0.85 )$ 20,263.12 ➤ $ 10,976.12 
#1262017-11-30:  2×BBT 16 Mar 2018 $46.00 P $    192.00 ( $        -0.99 )$ 20,029.97 ➤ $ 10,976.97 
#1252017-11-21:  3×X 19 Jan 2018 $26.00 P $    252.00 ( $        -2.09 )$ 19,838.96 ➤ $ 10,977.96 
#1242017-11-21:  2×RL 19 Jan 2018 $80.00 P $    150.00 ( $        -0.09 )$ 19,589.05 ➤ $ 10,980.05 
#1232017-11-21:  3×BAC 19 Jan 2018 $25.00 P $    120.00 ( $        -2.23 )$ 19,439.14 ➤ $ 10,980.14 
#1222017-11-17:  2×WBA 15 Dec 2017 $70.00 P $    244.00 ( $        -0.99 )$ 19,321.37 ➤ $ 10,982.37 
#1212017-11-17:  1×VLO 18 Jan 2019 $80.00 C $    892.00 ( $        -0.64 )$ 19,078.36 ➤ $ 10,983.36 
#1202017-11-17:  2×TXN 16 Mar 2018 $85.00 P $    200.00 ( $        -0.99 )$ 18,187.00 ➤ $ 10,984.00 
#1192017-11-17:  3×NKE 20 Apr 2018 $50.00 P $    208.00 ( $        -2.39 )$ 17,987.99 ➤ $ 10,984.99 
#1182017-11-17:  2×MO 19 Jan 2018 $62.50 P $    140.00 ( $        -0.99 )$ 17,782.38 ➤ $ 10,987.38 
#1172017-11-17:  2×AAPL 16 Feb 2018 $150.00 P $    376.00 ( $        -1.60 )$ 17,643.37 ➤ $ 10,988.37 
#1162017-10-20:  2×INTC 17 Jan 2020 $40.00 C $ 1,032.00 ( $        -1.01 )$ 17,268.97 ➤ $ 10,989.97 
#1152017-10-20:  1×DIS 15 Dec 2017 $95.00 P $    145.00 ( $      -17.59 )$ 16,237.98 ➤ $ 10,990.98 
#1142017-10-20:  1×D 20 Apr 2018 $80.00 C $    253.00 ( $        -0.35 )$ 16,110.57 ➤ $ 10,863.57 
#1132017-09-27:  2×VLO 17 Nov 2017 $70.00 P $    162.00 ( $        -0.99 )$ 15,857.92 ➤ $ 10,863.92 
#1122017-09-14:  1×WFC 19 Jan 2018 $50.00 P $    166.00 ( $        -1.59 )$ 15,696.91 ➤ $ 10,702.91 
#1112017-09-14:  2×AAPL 15 Dec 2017 $135.00 P $    203.00 ( $      -14.17 )→ #117$ 15,532.50 ➤ $ 10,704.50 
#1102017-08-30:  2×WMT 15 Dec 2017 $75.00 P $    314.00 ( $        -7.15 )$ 15,343.67 ➤ $ 10,515.67 
#1092017-08-30:  2×WFC 19 Jan 2018 $50.00 P $    364.00 ( $        -1.30 )$ 15,036.82 ➤ $ 10,208.82 
#1082017-08-30:  2×TGT 19 Jan 2018 $50.00 P $    336.00 ( $        -1.59 )$ 14,674.12 ➤ $ 10,210.12 
#1072017-08-30:  4×QCOM 20 Apr 2018 $60.00 C $    524.00 ( $        -1.99 )$ 14,339.71 ➤ $ 10,211.71 
#1062017-08-30:  2×GILD 15 Feb 2018 $80.00 C $    923.00 ( $        -1.91 )$ 13,817.70 ➤ $ 10,213.70 
#1052017-08-30:20×F 16 Mar 2018 $12.00 C $    480.00 ( $      -25.68 )$ 12,896.61 ➤ $ 10,215.61 
#1042017-08-30:  3×CSCO 16 Feb 2018 $34.00 C $    182.00 ( $        -2.38 )$ 12,442.29 ➤ $ 10,241.29 
#1032017-08-30:  2×ABBV 15 Jun 2018 $70.00 C $ 1,373.00 ( $        -1.32 )$ 12,262.67 ➤ $ 10,243.67 
#1022017-08-18:  2×HRL 15 Dec 2017 $32.50 P $    200.00 ( $        -0.11 )$ 10,890.99 ➤ $ 10,244.99 
#1012017-07-18:  3×PFE 15 Dec 2017 $34.00 C $    210.00 ( $        -2.39 )$ 10,691.10 ➤ $ 10,245.10 
#1002017-07-18:  2×LOW 19 Jan 2018 $75.00 P $    830.00 ( $    -113.67 )$ 10,483.49 ➤ $ 10,037.49 
#0992017-07-18:  3×GE 18 Jun 2018 $30.00 C $    153.00 ( $      -12.21 )$ 9,767.16 ➤ $ 9,321.16 
#0982017-07-18:  3×NKE 19 Jan 2018 $50.00 P $    301.00 ( $      -79.22 )→ #119$ 9,626.37 ➤ $ 9,180.37 
#0972017-07-18:  3×WFC 15 Sep 2017 $52.50 P $    222.00 ( $    -364.44 )→ #112$ 9,404.59 ➤ $ 8,958.59 
#0962017-07-18:  2×WBA 25 Aug 2017 $75.00 P $    130.00 ( $        -0.99 )$ 9,547.03 ➤ $ 9,101.03 
#0952017-07-18:  1×TXN 20 Oct 2017 $75.00 P $    134.00 ( $        -6.89 )$ 9,418.02 ➤ $ 8,972.02 
#0942017-07-18:  2×SBUX 19 Jan 2018 $52.50 P $    246.00 ( $        -1.00 )$ 9,290.91 ➤ $ 8,844.91 
#0932017-07-18:  1×DIS 20 Oct 2017 $97.50 P $    105.00 ( $        -0.80 )$ 9,045.91 ➤ $ 8,845.91 
#0922017-07-18:  1×AAPL 20 Oct 2018 $130.00 P $    114.00 ( $        -8.04 )$ 8,941.71 ➤ $ 8,741.71 
#0912017-07-01:  3×GE 15 Sep 2017 $33.00 C $      98.50 ( $        -4.97 )→ #099$ 8,835.75 ➤ $ 8,635.75 
#0902017-06-21:  2×TGT 19 Jan 2018 $65.00 C $      76.00 ( $    -235.55 )$ 8,742.22 ➤ $ 8,542.22 
#0892017-06-21:  2×INTC 20 Oct 2017 $36.00 C $    152.00 ( $    -853.97 )→ #116$ 8,901.77 ➤ $ 8,701.77 
#0882017-06-21:20×F 15 Sep 2017 $12.00 C $    220.00 ( $      -62.44 )→ #105$ 9,603.74 ➤ $ 9,403.74 
#0872017-06-21:  5×BAC 18 Aug 2017 $22.00 P $    190.00 ( $        -6.48 )$ 9,446.18 ➤ $ 9,246.18 
#0862017-06-16:  2×WMT 15 Sep 2017 $70.00 P $    246.00 ( $        -9.16 )→ #110$ 9,262.66 ➤ $ 9,062.66 
#0852017-06-16:  1×VLO 15 Dec 2017 $70.00 C $    230.00 ( $ -1,211.42 )→ #121$ 9,025.82 ➤ $ 8,825.82 
#0842017-06-16:  2×TGT 20 Oct 2017 $45.00 P $    248.00 ( $      -22.58 )→ #108$ 10,007.24 ➤ $ 9,807.24 
#0832017-06-16:  3×PPL 20 Oct 2017 $37.00 P $    147.00 ( $      -32.48 )$ 9,781.82 ➤ $ 9,581.82 
#0822017-06-16:  1×CVS 18 Aug 2017 $75.00 P $    222.00 ( $        -0.80 )$ 9,667.30 ➤ $ 9,467.30 
#0812017-06-16:  2×AXP 21 Jul 2017 $80.00 P $    266.00 ( $        -1.00 )$ 9,446.10 ➤ $ 9,246.10 
#0802017-05-12:  1×OC 18 Aug 2017 $60.00 P $    210.00 ( $        -1.95 )$ 9,181.10 ➤ $ 8,981.10 
#0792017-05-12:  2×KO 19 Jan 2018 $45.00 C $    200.00 ( $        -3.13 )$ 8,973.05 ➤ $ 8,773.05 
#0782017-05-12:  2×DIS 15 Dec 2017 $110.00 C $ 1,090.00 ( $      -83.99 )$ 8,776.18 ➤ $ 8,776.18 
#0772017-05-12:  2×ABBV 15 Sep 2017 $67.50 C $    408.00 ( $ -1,295.88 )→ #103$ 7,770.17 ➤ $ 7,770.17 
#0762017-04-21:  2×LOW 21 Jul 2017 $80.00 P $    408.00 ( $    -743.57 )→ #100$ 8,658.05 ➤ $ 8,658.05 
#0752017-04-21:  3×INTC 16 Jun 2017 $35.00 P $    189.00 ( $        -3.86 )$ 8,993.62 ➤ $ 8,993.62 
#0742017-04-21:  2×GILD 15 Sep 2017 $75.00 C $    210.00 ( $    -949.47 )→ #106$ 8,808.48 ➤ $ 8,808.48 
#0732017-04-21:20×F 16 Jun 2017 $12.00 C $    320.00 ( $        -9.11 )$ 9,547.95 ➤ $ 9,547.95 
#0722017-04-21:  1×D 20 Oct 2017 $77.50 C $    323.00 ( $    -220.69 )→ #114$ 9,237.06 ➤ $ 9,237.06 
#0712017-04-21:  5×BAC 21 Jul 2017 $20.00 P $    160.00 ( $        -2.28 )$ 9,134.75 ➤ $ 9,134.75 
#0702017-04-04:  1×XOM 19 May 2017 $80.00 P $    116.00 ( $        -1.00 )$ 8,977.03 ➤ $ 8,977.03 
#0692017-04-04:  2×INTC 19 May 2017 $36.00 P $    192.00 ( $        -0.99 )$ 8,862.03 ➤ $ 8,862.03 
#0682017-04-04:  2×CSCO 18 Aug 2017 $31.00 P $    146.00 ( $        -0.99 )$ 8,671.02 ➤ $ 8,671.02 
#0672017-04-03:  1×HRL 15 Sep 2017 $37.50 C $      84.00 ( $        -1.10 )$ 8,526.01 ➤ $ 8,526.01 
#0662017-04-03:  1×CSCO 20 Oct 2017 $33.00 C $    189.00 ( $      -19.68 )$ 8,443.11 ➤ $ 8,443.11 
#0652017-03-20:  1×WBA 21 Apr 2017 $84.00 P $    184.00 ( $        -1.10 )$ 8,273.79 ➤ $ 8,273.79 
#0642017-03-17:  1×TGT 19 Jan 2018 $65.00 C $      93.00 ( $    -117.89 )$ 8,090.89 ➤ $ 8,090.89 
#0632017-03-17:  1×PG 15 Dec 2017 $90.00 C $    492.00 ( $      -67.90 )$ 8,115.78 ➤ $ 8,115.78 
#0622017-03-17:  2×PFE 15 Sep 2017 $35.00 C $    220.00 ( $      -22.57 )→ #101$ 7,691.68 ➤ $ 7,691.68 
#0612017-02-24:  1×TGT 20 Oct 2017 $75.00 C $    157.00 ( $        -5.68 )→ #064$ 7,494.25 ➤ $ 7,494.25 

key:  expired  •  closed  •  rolled  •  assigned  •  open 

For a complete listing of all options transactions, please visit my Options History page.

Goals Progress


I count secured options income, which is income from options with no further obligations.


Total
Options Income
Secured
Options Income
This Month:
$ 20,263$ 10,976
Last Month:
$ 19,128$   9,640
Difference:
$   1,135$   1,336

I started 2017 with $2,512 in secured options income, so with $10,976 secured through November 2017, I've earned $8,464 in options income. This is 101% of my options income goal of $8,400 for 2017.

I'm very happy to have achieved my options income goal for 2017!

Take care everybody and thanks for reading!

I'm still a learner options trader. If you see anything you disagree with or question, please let me know in the comments below. Or if you just want to share some advice or encouragement, I'd be happy to hear from you, too!

2 comments :

  1. I think there is an error in the calculation of your net options income. The commission is added to the premium you are receiving. I think the commission should reduce the premium received. Otherwise, can you explain your calculation ont the web site. Thank you

    ReplyDelete
    Replies
    1. You're absolutely right -- in transferring from my transaction entries, I made the mistake of adding a "-" for commissions. Come to think of it, perhaps my calculator should be updated.

      Delete

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