Saturday, April 21, 2018

Options Update: March 2018 (Part 1)

Welcome to my monthly options update article!

I write these updates to keep track of options trades in my DivGro portfolio. I sell puts on stocks I'd like to own, or covered calls on stocks in my portfolio. Sometimes, I execute more speculative options trades, too.

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

While DivGro remains focused on dividend growth investing, I added options trading in June 2016 to leverage the equity in my portfolio and to generate more income. In turn, this allows me to buy more dividend growth stocks and boost my dividend income.

My 2018 goals include a goal to secure at least $12,000 in options income. This is a challenging goal and represents an increase of about 43% over the amount I secured in 2017.

I took a few steps back in January and February when I executed some defensive trades and a few bull put spreads that "cost" me some of my previously secured options income. As a result, I'll have to secure more than $30,000 in the remaining months of 2018 to reach my options goal!

March was great and I've made up some of the losses I recorded in January and February!

This month I executed a new type of combination trade, which I'll discuss in Part 2.

The following snapshot shows the trades I executed in March. You can see all my options trades on a new options page that automatically updates whenever I enter new trades.


Assigned Options


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

No options got assigned in February.

Expired Options


In March, the following put options expired:

#1412018-01-12:  6×WYNN 16 Mar 2018 $155.00 P $           0.00 ( $ -2,708.04 )
#1402018-01-12:-6×WYNN 16 Mar 2018 $160.00 P $    3,791.00 ( $        -3.14 )
#1372018-01-12:  8×JPM 16 Mar 2018 $105.00 P $           0.00 ( $    -842.23 )
#1362018-01-12:-8×JPM 16 Mar 2018 $110.00 P $    1,864.00 ( $      -10.29 )
#1352018-01-12:-3×KSS 16 Mar 2018 $55.00 P $       405.00 ( $        -0.14 )
#1312018-01-10:-3×TGT 16 Mar 2018 $60.00 P $       144.00 ( $        -1.48 )
#1262017-11-30:-2×BBT 16 Mar 2018 $50.00 P $       130.00 ( $        -0.98 )
#1182017-11-17:-2×TXN 16 Mar 2018 $85.00 P $       200.00 ( $        -0.99 )
I secured options income of $2,966.71 due to these expirations.

Two of my bull put spreads are included in the list. On options expiration day, Wynn Resorts (WYNN) closed at $184.76, well above my short and long WYNN puts. This means I maximized my income on the trade. Similarly, JPMorgan Chase (JPM) closed at $114.86 on options expiration day, so I maximized my income on the bull put spread.

Here is a summary of the other expirations:
  • Kohl's (KSS) closed at $63.13. The $55 puts expired and I don't have to buy 300 KSS shares. 
  • Target (TGT) closed at $70.99. The $60 puts expired and I don't have to buy 300 TGT shares.  
  • BB&T (BBT) closed at $55.04. The $50 puts expired and I don't have to buy 200 BBT shares.  
  • Texas Instruments (TXN) closed at $109.97. The $85 puts expired and I don't have to buy 200 TXN shares.  

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.

I closed the following option on Dominion Energy (D) early:

#1152017-10-20:-1×D 20 Apr 2018 $80.00 C $       253.00 ( $ -5.69 )
Doing so allowed me to capture 98% of my potential gains about a month before expiration.

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.

I didn't roll forward any options in March.

New Covered Calls


Selling covered calls is a way to collect extra income on stocks you already own.

I didn't sell any covered calls in March.

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 the following put contracts in this period:

#1712018-03-23:-3×XLRE 18 May 2018 $29.00 P $       120.00 ( $  -0.18 )
#1702018-03-23:-2×APC 18 May 2018 $57.50 P $       290.00 ( $  -0.99 )
#1692018-03-22:-3×PFE 18 May 2018 $34.00 P $       141.00 ( $  -1.47 )
#1682018-03-22:-3×GPS 18 May 2018 $31.00 P $       447.00 ( $  -1.48 )
#1672018-03-14:-6×WEN 18 May 2018 $16.00 P $       270.00 ( $  -0.25 )
#1662018-03-14:-2×STLD 18 May 2018 $46.00 P $       410.00 ( $  -0.69 )
#1652018-03-14:-1×RS 20 Apr 2018 $87.50 P $       170.00 ( $  -0.34 )
#1642018-03-14:-3×PFE 15 Jun 2018 $34.00 P $       150.00 ( $  -1.47 )
#1592018-03-14:-2×HOG 18 May 2018 $40.00 P $       186.00 ( $  -0.98 )
#1582018-03-14:-1×GLW 20 Apr 2018 $29.00 P $       141.00 ( $  -2.37 )
#1572018-03-14:-1×BUD 18 May 2018 $105.00 P $       200.00 ( $  -0.79 )


#157 : 2018-03-14: Sold to Open 1 Contract of Option BUD May 18 2018 105.00 P

I'm willing to buy 100 shares of Anheuser-Busch InBev (BUD) for $105.00 per share on or before 18 May. BUD closed at $113.50 per share on the date of my trade:

Open Date :  2018-03-14
Expiration Date :  2018-05-18    Number of Days in Trade : 65
Price at Close :  $113.50 per shareDiscount at Strike Price : 7.49%
Strike Price :  $105.00 per share
Number of Contracts : 1Number of Shares :100
Put Premium :  $2.00 per shareOptions Income : $200.00
Commission : -$0.79
Net Premium :  $1.992 per shareNet Options Income : $199.21
Options Yield :  1.76%Annualized Options Yield : 9.86%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $102.99Discount if Exercised : 9.26%

This put option trade yields 1.76%, or 9.86% on an annualized basis. At $113.50 per share, BUD yields 3.57%, so I'm boosting dividend income by a factor of 2.76. If the option is exercised, I'll buy 100 shares at a cost basis of $102.99 per share, a discount of 9.26%.


#158 : 2018-03-14: Sold to Open 1 Contract of Option GLW Apr 20 2018 29.00 P

I'm willing to buy 100 shares of Corning (GLW) for $29.00 per share on or before 20 April. GLW closed at $29.54 per share on the date of my trade:

Open Date :  2018-03-14
Expiration Date :  2018-04-20    Number of Days in Trade : 37
Price at Close :  $29.54 per shareDiscount at Strike Price : 1.83%
Strike Price :  $29.00 per share
Number of Contracts : 1Number of Shares :100
Put Premium :  $1.41 per shareOptions Income : $141.00
Commission : -$2.37
Net Premium :  $1.386 per shareNet Options Income : $138.63
Options Yield :  4.69%Annualized Options Yield : 46.33%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $27.57Discount if Exercised : 6.68%

This put option trade yields 4.69%, or 46.33% on an annualized basis. At $29.54 per share, GLW yields 2.44%, so I'm boosting dividend income by a factor of 19.01. If the option is exercised, I'll buy 100 shares at a cost basis of $27.57 per share, a discount of 6.68%.


#159 : 2018-03-14: Sold to Open 2 Contracts of Option HOG May 18 2018 40.00 P

I'm willing to buy 200 shares of Harley-Davidson (HOG) for $40.00 per share on or before 18 May. HOG closed at $43.46 per share on the date of my trade:

Open Date :  2018-03-14
Expiration Date :  2018-05-18    Number of Days in Trade : 65
Price at Close :  $43.46 per shareDiscount at Strike Price : 7.96%
Strike Price :  $40.00 per share
Number of Contracts : 2Number of Shares :200
Put Premium :  $0.75 per shareOptions Income : $150.00
Commission : -$0.98
Net Premium :  $0.745 per shareNet Options Income : $149.02
Options Yield :  1.71%Annualized Options Yield : 9.63%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $39.25Discount if Exercised : 9.70%

This put option trade yields 1.71%, or 9.63% on an annualized basis. At $43.46 per share, HOG yields 3.41%, so I'm boosting dividend income by a factor of 2.83. If the options are exercised, I'll buy 200 shares at a cost basis of $39.25 per share, a discount of 9.70%.


#164 : 2018-03-14: Sold to Open 3 Contracts of Option PFE Jun 15 2018 34.00 P

I'm willing to buy 300 shares of Pfizer (PFE) for $34.00 per share on or before 15 June. PFE closed at $36.35 per share on the date of my trade:

Open Date :  2018-03-14
Expiration Date :  2018-06-15    Number of Days in Trade : 93
Price at Close :  $36.35 per shareDiscount at Strike Price : 6.46%
Strike Price :  $34.00 per share
Number of Contracts : 3Number of Shares :300
Put Premium :  $0.50 per shareOptions Income : $150.00
Commission : -$1.47
Net Premium :  $0.495 per shareNet Options Income : $148.53
Options Yield :  1.36%Annualized Options Yield : 5.35%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $33.50Discount if Exercised : 7.85%

This put option trade yields 1.36%, or 5.35% on an annualized basis. At $36.35 per share, PFE yields 3.74%, so I'm boosting dividend income by a factor of 1.43. If the options are exercised, I'll buy 300 shares at a cost basis of $33.50 per share, a discount of 7.85%.


#165 : 2018-03-14: Sold to Open 1 Contract of Option RS Apr 20 2018 87.50 P

I'm willing to buy 100 shares of Reliance Steel & Aluminum (RS) for $87.50 per share on or before 20 April. RS closed at $90.66 per share on the date of my trade:

Open Date :  2018-03-14
Expiration Date :  2018-04-20    Number of Days in Trade : 37
Price at Close :  $90.66 per shareDiscount at Strike Price : 3.49%
Strike Price :  $87.50 per share
Number of Contracts : 1Number of Shares :100
Put Premium :  $1.70 per shareOptions Income : $170.00
Commission : -$0.34
Net Premium :  $1.697 per shareNet Options Income : $169.66
Options Yield :  1.87%Annualized Options Yield : 18.47%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $85.80Discount if Exercised : 5.36%

This put option trade yields 1.87%, or 18.47% on an annualized basis. At $90.66 per share, RS yields 2.21%, so I'm boosting dividend income by a factor of 8.37. If the option is exercised, I'll buy 100 shares at a cost basis of $85.80 per share, a discount of 5.36%.


#166 : 2018-03-14: Sold to Open 2 Contracts of Option STLD May 18 2018 46.00 P

I'm willing to buy 200 shares of Steel Dynamics (STLD) for $46.00 per share on or before 18 May. STLD closed at $46.86 per share on the date of my trade:

Open Date :  2018-03-14
Expiration Date :  2018-05-18    Number of Days in Trade : 65
Price at Close :  $46.86 per shareDiscount at Strike Price : 1.84%
Strike Price :  $46.00 per share
Number of Contracts : 2Number of Shares :200
Put Premium :  $2.05 per shareOptions Income : $410.00
Commission : -$0.69
Net Premium :  $2.047 per shareNet Options Income : $409.31
Options Yield :  4.37%Annualized Options Yield : 24.54%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $43.95Discount if Exercised : 6.22%

This put option trade yields 4.37%, or 24.54% on an annualized basis. At $46.86 per share, STLD yields 1.32%, so I'm boosting dividend income by a factor of 18.55. If the options are exercised, I'll buy 200 shares at a cost basis of $43.95 per share, a discount of 6.22%.


#167 : 2018-03-14: Sold to Open 6 Contracts of Option WEN May 18 2018 16.00 P

I'm willing to buy 600 shares of Wendy's (WEN) for $16.00 per share on or before 18 May. WEN closed at $16.99 per share on the date of my trade:

Open Date :  2018-03-14
Expiration Date :  2018-05-18    Number of Days in Trade : 65
Price at Close :  $16.99 per shareDiscount at Strike Price : 5.83%
Strike Price :  $16.00 per share
Number of Contracts : 6Number of Shares :600
Put Premium :  $0.45 per shareOptions Income : $270.00
Commission : -$0.25
Net Premium :  $0.450 per shareNet Options Income : $269.75
Options Yield :  2.65%Annualized Options Yield : 14.87%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $15.55Discount if Exercised : 8.48%

This put option trade yields 2.65%, or 14.87% on an annualized basis. At $16.99 per share, WEN yields 2.00%, so I'm boosting dividend income by a factor of 7.43. If the options are exercised, I'll buy 600 shares at a cost basis of $15.55 per share, a discount of 8.48%.


#168 : 2018-03-22: Sold to Open 3 Contracts of Option GPS May 18 2018 31.00 P

I'm willing to buy 300 shares of Gap (GPS) for $31.00 per share on or before 18 May. GPS closed at $32.16 per share on the date of my trade:

Open Date :  2018-03-22
Expiration Date :  2018-05-18    Number of Days in Trade : 57
Price at Close :  $32.16 per shareDiscount at Strike Price : 3.61%
Strike Price :  $31.00 per share
Number of Contracts : 3Number of Shares :300
Put Premium :  $1.49 per shareOptions Income : $447.00
Commission : -$1.48
Net Premium :  $1.485 per shareNet Options Income : $445.52
Options Yield :  4.62%Annualized Options Yield : 29.59%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $29.51Discount if Exercised : 8.26%

This put option trade yields 4.62%, or 29.59% on an annualized basis. At $32.16 per share, GPS yields 2.86%, so I'm boosting dividend income by a factor of 10.34. If the options are exercised, I'll buy 300 shares at a cost basis of $29.51 per share, a discount of 8.26%.


#169 : 2018-03-22: Sold to Open 3 Contracts of Option PFE May 18 2018 34.00 P

I'm willing to buy 300 shares of Pfizer (PFE) for $34.00 per share on or before 18 May. PFE closed at $35.60 per share on the date of my trade:

Open Date :  2018-03-22
Expiration Date :  2018-05-18    Number of Days in Trade : 57
Price at Close :  $35.60 per shareDiscount at Strike Price : 4.49%
Strike Price :  $34.00 per share
Number of Contracts : 3Number of Shares :300
Put Premium :  $0.47 per shareOptions Income : $141.00
Commission : -$1.47
Net Premium :  $0.465 per shareNet Options Income : $139.53
Options Yield :  1.31%Annualized Options Yield : 8.37%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $33.53Discount if Exercised : 5.83%

This put option trade yields 1.31%, or 8.37% on an annualized basis. At $35.60 per share, PFE yields 3.82%, so I'm boosting dividend income by a factor of 2.19. If the options are exercised, I'll buy 300 shares at a cost basis of $33.53 per share, a discount of 5.83%.


#170 : 2018-03-23: Sold to Open 2 Contracts of Option APC May 18 2018 57.50 P

I'm willing to buy 200 shares of Anadarko Petroleum (APC) for $57.50 per share on or before 18 May. APC closed at $61.56 per share on the date of my trade:

Open Date :  2018-03-23
Expiration Date :  2018-05-18    Number of Days in Trade : 56
Price at Close :  $61.56 per shareDiscount at Strike Price : 6.60%
Strike Price :  $57.50 per share
Number of Contracts : 2Number of Shares :200
Put Premium :  $1.45 per shareOptions Income : $290.00
Commission : -$0.99
Net Premium :  $1.445 per shareNet Options Income : $289.01
Options Yield :  2.35%Annualized Options Yield : 15.31%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $56.05Discount if Exercised : 8.96%

This put option trade yields 2.35%, or 15.31% on an annualized basis. At $61.56 per share, APC yields 1.62%, so I'm boosting dividend income by a factor of 9.43. If the options are exercised, I'll buy 200 shares at a cost basis of $56.05 per share, a discount of 8.96%.


#171 : 2018-03-23: Sold to Open 3 Contracts of Option XLRE May 18 2018 29.00 P

I'm willing to buy 300 shares of The Real Estate Select Sector SPDR Fund (XLRE) for $29.00 per share on or before 18 May. XLRE closed at $30.07 per share on the date of my trade:

Open Date :  2018-03-23
Expiration Date :  2018-05-18    Number of Days in Trade : 56
Price at Close :  $30.07 per shareDiscount at Strike Price : 3.56%
Strike Price :  $29.00 per share
Number of Contracts : 3Number of Shares :300
Put Premium :  $0.40 per shareOptions Income : $120.00
Commission : -$0.18
Net Premium :  $0.399 per shareNet Options Income : $119.82
Options Yield :  1.33%Annualized Options Yield : 8.66%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $28.60Discount if Exercised : 4.89%

This put option trade yields 1.33%, or 8.66% on an annualized basis. At $30.07 per share, XLRE yields 2.43%, so I'm boosting dividend income by a factor of 3.56. If the options are exercised, I'll buy 300 shares at a cost basis of $28.60 per share, a discount of 4.89%.


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%. Four of these put option trades do not quite meet my desired criteria: BUD (2.76× and 9.26% discount),  PFE (1.43× and 7.85% discount), PFE (2.19× and 5.83% discount), and XLRE (3.56× and 4.89% discount).


Bull Put Spreads


In March, I executed one bull put spread, which involves being short one put option and long another put option with the same expiration date but with a lower strike price. The short put generates income and the long put serves as insurance in case the underlying stock's price moves down sharply.

Here is the bull put spread I executed in March:

#1632018-03-14:10×NEE 20 Apr 2018 $150.00 P $           0.00 ( $ -1,055.63 )
#1622018-03-14:-10×NEE 20 Apr 2018 $155.00 P $    2,153.00 ( $        -5.70 )breakeven is $153.91
The NextEra Energy (NEEbull put spread is $5 and the maximum profit would exceed $1,000. 

Let's consider the bull put spread to see the possible outcomes. To simplify the presentation, I'm rounding premiums to cents and totals to dollars.

For 10 options, I received a net credit of $1,092, so the net premium is $1.092 ($1,120 ÷ 10 ÷ 100).
  1. Maximum profit:  NEE closes above $155 per share on 20 April and both puts expire worthless. I'll earn the net premium of $1.092 (or $1,092).
  2. Maximum loss: NEE closes below $150 per share on 20 April and both puts expire in the money. I'll realize the maximum possible loss, $5 - $1.092 = $3.908 (or $3,908).
  3. Breakeven: $155 - $1.092 = $153.91.

Options Expiring Soon


I look forward to expiring options, hopefully allowing me to secure more options income. Of course, for in the money options, I have decisions to make before the expiration date.

The following options expire next month:

May:
#1712018-03-23:-3×XLRE 18 May 2018 $29.00 P $       120.00 ( $  -0.18 )→ Out of the money with a  4% safety margin 
#1702018-03-23:-2×APC 18 May 2018 $57.50 P $       290.00 ( $  -0.99 )→ Out of the money with a  16% safety margin 
#1692018-03-22:-3×PFE 18 May 2018 $34.00 P $       141.00 ( $  -1.47 )→ Out of the money with a  8% safety margin 
#1682018-03-22:-3×GPS 18 May 2018 $31.00 P $       447.00 ( $  -1.48 )→ In the money by  8% — caution! 
#1672018-03-14:-6×WEN 18 May 2018 $16.00 P $       270.00 ( $  -0.25 )→ Out of the money with a  7% safety margin 
#1662018-03-14:-2×STLD 18 May 2018 $46.00 P $       410.00 ( $  -0.69 )→ Out of the money with a  1% safety margin 
#1592018-03-14:-2×HOG 18 May 2018 $40.00 P $       186.00 ( $  -0.98 )→ Out of the money with a  7% safety margin 
#1572018-03-14:-1×BUD 18 May 2018 $105.00 P $       200.00 ( $  -0.79 )→ In the money by  1% — caution! 
#1512018-02-23:-2×SBUX 18 May 2018 $52.50 P $       194.00 ( $  -0.98 )→ Out of the money with a  10% safety margin 
#1472018-02-23:-2×EEM 18 May 2018 $46.00 P $       156.00 ( $  -2.42 )→ Out of the money with a  3% safety margin 
#1452018-02-23:-3×BAC 18 May 2018 $29.00 P $       150.00 ( $  -1.47 )→ Out of the money with a  4% safety margin 
#1442018-02-23:-2×AAPL 18 May 2018 $155.00 P $       374.00 ( $  -2.43 )→ Out of the money with a  7% safety margin 
#1292018-01-10:-2×FAST 18 May 2018 $50.00 P $       350.00 ( $    0.00 )→ Out of the money with a  1% safety margin 

Most options have small margins of safety and, along with the two in-the-money puts, I'll have to monitor these carefully as the options expiration date approaches.


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:

key:  expired  •  closed  •  rolled  •  assigned  •  open 

IDDATE:NO×TICKER OPTIONINCOME( EXPENSES )ROLLEDTOTAL➤ SECURED
#1712018-03-23:-3×XLRE 18 May 2018 $29.00 P $       120.00 ( $          -0.18 )$    30,292.88 ➤ $    -1,676.12 
#1702018-03-23:-2×APC 18 May 2018 $57.50 P $       290.00 ( $          -0.99 )$    30,173.06 ➤ $    -1,675.94 
#1692018-03-22:-3×PFE 18 May 2018 $34.00 P $       141.00 ( $          -1.47 )$    29,884.05 ➤ $    -1,674.95 
#1682018-03-22:-3×GPS 18 May 2018 $31.00 P $       447.00 ( $          -1.48 )$    29,744.52 ➤ $    -1,673.48 
#1672018-03-14:-6×WEN 18 May 2018 $16.00 P $       270.00 ( $          -0.25 )$    29,299.00 ➤ $    -1,672.00 
#1662018-03-14:-2×STLD 18 May 2018 $46.00 P $       410.00 ( $          -0.69 )$    29,029.25 ➤ $    -1,671.75 
#1652018-03-14:-1×RS 20 Apr 2018 $87.50 P $       170.00 ( $          -0.34 )$    28,619.94 ➤ $    -1,671.06 
#1642018-03-14:-3×PFE 15 Jun 2018 $34.00 P $       150.00 ( $          -1.47 )$    28,450.28 ➤ $    -1,670.72 
#1632018-03-14:10×NEE 20 Apr 2018 $150.00 P $           0.00 ( $   -1,055.63 )$    28,301.75 ➤ $    -1,669.25 
#1622018-03-14:-10×NEE 20 Apr 2018 $155.00 P $    2,153.00 ( $          -5.70 )$    29,357.38 ➤ $       -613.62 
#1612018-03-14:-2×KMB 17 Jan 2020 $100.00 P $    1,503.00 ( $            0.00 )$    27,210.08 ➤ $       -607.92 
#1602018-03-14:  2×KMB 17 Jan 2020 $135.00 C $           0.00 ( $      -783.00 )$    25,707.08 ➤ $       -607.92 
#1592018-03-14:-2×HOG 18 May 2018 $40.00 P $       186.00 ( $          -0.98 )$    26,490.08 ➤ $         175.08 
#1582018-03-14:-1×GLW 20 Apr 2018 $29.00 P $       141.00 ( $          -2.37 )$    26,305.06 ➤ $         176.06 
#1572018-03-14:-1×BUD 18 May 2018 $105.00 P $       200.00 ( $          -0.79 )$    26,166.43 ➤ $         178.43 
#1562018-02-26:-2×ABBV 17 Jan 2020 $100.00 C $    5,508.00 ( $          -1.24 )$    25,967.22 ➤ $         179.22 
#1552018-02-26:-1×WMT 06 Apr 2018 $90.00 P $       130.00 ( $          -0.99 )$    20,460.46 ➤ $         180.46 
#1542018-02-26:-1×LOW 20 Apr 2018 $92.50 P $       196.00 ( $          -0.79 )$    20,331.45 ➤ $         181.45 
#1532018-02-26:  5×HD 20 Apr 2018 $185.00 P $           0.00 ( $   -2,327.70 )$    20,136.24 ➤ $         182.24 
#1522018-02-26:-5×HD 20 Apr 2018 $190.00 P $    3,450.00 ( $          -2.79 )$    22,463.94 ➤ $      2,509.94 
#1512018-02-23:-2×SBUX 18 May 2018 $52.50 P $       194.00 ( $          -0.98 )$    19,016.73 ➤ $      2,512.73 
#1502018-02-23:-1×PG 20 Apr 2018 $80.00 P $       171.00 ( $          -0.79 )$    18,823.71 ➤ $      2,513.71 
#1492018-02-23:-2×MO 20 Apr 2018 $60.00 P $       144.00 ( $          -1.08 )$    18,653.50 ➤ $      2,514.50 
#1482018-02-23:-2×HRL 15 Jun 2018 $32.50 P $       304.00 ( $            0.00 )$    18,510.58 ➤ $      2,515.58 
#1472018-02-23:-2×EEM 18 May 2018 $46.00 P $       156.00 ( $          -2.42 )$    18,206.58 ➤ $      2,515.58 
#1462018-02-23:-2×DIS 06 Apr 2018 $112.00 C $       142.00 ( $          -0.74 )$    18,053.00 ➤ $      2,518.00 
#1452018-02-23:-3×BAC 18 May 2018 $29.00 P $       150.00 ( $          -1.47 )$    17,911.74 ➤ $      2,518.74 
#1442018-02-23:-2×AAPL 18 May 2018 $155.00 P $       374.00 ( $          -2.43 )$    17,763.21 ➤ $      2,520.21 
#1432018-02-16:-3×NKE 20 Jul 2018 $60.00 P $       441.00 ( $          -2.38 )$    17,391.64 ➤ $      2,522.64 
#1422018-02-16:-2×GILD 15 Jun 2018 $85.00 C $       678.00 ( $          -1.13 )$    16,953.02 ➤ $      2,525.02 
#1412018-01-12:  6×WYNN 16 Mar 2018 $155.00 P $           0.00 ( $   -2,708.04 )$    16,276.15 ➤ $      2,526.15 
#1402018-01-12:-6×WYNN 16 Mar 2018 $160.00 P $    3,791.00 ( $          -3.14 )$    18,984.19 ➤ $      5,234.19 
#1392018-01-12:  6×RL 20 Apr 2018 $100.00 P $           0.00 ( $   -2,427.25 )$    15,196.33 ➤ $      1,446.33 
#1382018-01-12:-6×RL 20 Apr 2018 $105.00 P $    3,566.00 ( $          -3.34 )$    17,623.58 ➤ $      3,873.58 
#1372018-01-12:  8×JPM 16 Mar 2018 $105.00 P $           0.00 ( $      -842.23 )$    14,060.92 ➤ $      3,876.92 
#1362018-01-12:-8×JPM 16 Mar 2018 $110.00 P $    1,864.00 ( $        -10.29 )$    14,903.15 ➤ $      4,719.15 
#1352018-01-12:-3×KSS 16 Mar 2018 $55.00 P $       405.00 ( $          -0.14 )$    13,049.44 ➤ $      2,865.44 
#1342018-01-10:-4×QCOM 17 Jan 2020 $65.00 C $    3,140.00 ( $          -2.05 )$    12,644.58 ➤ $      2,460.58 
#1332018-01-10:-20×F 17 Jan 2020 $12.00 C $    3,720.00 ( $        -15.96 )$      9,506.63 ➤ $      2,462.63 
#1322018-01-10:-2×KO 18 Jan 2019 $47.00 C $       414.00 ( $          -2.58 )$      5,802.59 ➤ $      2,478.59 
#1312018-01-10:-3×TGT 16 Mar 2018 $60.00 P $       144.00 ( $          -1.48 )$      5,391.17 ➤ $      2,481.17 
#1302018-01-10:-3×KBH 20 Apr 2018 $31.00 P $       306.00 ( $          -1.49 )$      5,248.65 ➤ $      2,338.65 
#1292018-01-10:-2×FAST 18 May 2018 $50.00 P $       350.00 ( $            0.00 )$      4,944.14 ➤ $      2,340.14 
#1282018-01-10:-1×AXP 20 Apr 2018 $100.00 P $       330.00 ( $          -0.80 )$      4,594.14 ➤ $      2,340.14 
#1272017-11-30:-2×EEM 19 Jan 2018 $46.00 P $       234.00 ( $          -0.85 )$      4,264.94 ➤ $      2,340.94 
#1262017-11-30:-2×BBT 16 Mar 2018 $50.00 P $       130.00 ( $          -0.98 )$      4,031.79 ➤ $      2,107.79 
#1252017-11-21:-3×X 19 Jan 2018 $26.00 P $       252.00 ( $          -2.09 )$      3,902.77 ➤ $      1,978.77 
#1242017-11-21:-2×RL 19 Jan 2018 $80.00 P $       150.00 ( $          -0.09 )$      3,652.86 ➤ $      1,728.86 
#1232017-11-21:-3×BAC 19 Jan 2018 $25.00 P $       120.00 ( $          -2.23 )$      3,502.95 ➤ $      1,578.95 
#1222017-11-17:-1×VLO 18 Jan 2019 $80.00 C $       892.00 ( $          -0.64 )$      3,385.18 ➤ $      1,461.18 
#1212017-11-17:-3×NKE 20 Apr 2018 $50.00 P $       208.00 ( $        -31.15 )→ #143$      2,493.82 ➤ $      1,461.82 
#1202017-11-17:-2×AAPL 16 Feb 2018 $150.00 P $       376.00 ( $          -1.60 )$      2,316.97 ➤ $      1,284.97 
#1192017-11-17:-2×WBA 15 Dec 2017 $70.00 P $       244.00 ( $          -0.99 )$      1,942.57 ➤ $         910.57 
#1182017-11-17:-2×TXN 16 Mar 2018 $85.00 P $       200.00 ( $          -0.99 )$      1,699.56 ➤ $         667.56 
#1172017-11-17:-2×MO 19 Jan 2018 $62.50 P $       140.00 ( $          -0.99 )$      1,500.55 ➤ $         468.55 
#1162017-10-20:-2×INTC 17 Jan 2020 $40.00 C $    1,032.00 ( $          -1.01 )$      1,361.54 ➤ $         329.54 
#1152017-10-20:-1×D 20 Apr 2018 $80.00 C $       253.00 ( $          -5.69 )$         330.55 ➤ $         330.55 
#1142017-10-20:-1×DIS 15 Dec 2017 $95.00 P $       145.00 ( $        -17.59 )$           83.24 ➤ $           83.24 
#1132017-09-27:-2×VLO 17 Nov 2017 $70.00 P $       162.00 ( $          -0.99 )$          -44.17 ➤ $          -44.17 
#1122017-09-14:-1×WFC 19 Jan 2018 $50.00 P $       166.00 ( $          -1.59 )$        -205.18 ➤ $        -205.18 
#1112017-09-14:-2×AAPL 15 Dec 2017 $135.00 P $       204.00 ( $        -14.17 )→ #120$        -369.59 ➤ $        -369.59 

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:
$ 30,293$    -1,676
Last Month:
$ 26,035$    -6,602
Difference:
$   4,258$     4,926

I started 2018 with $11,420 in secured options income. Adding my 2018 goal of $12,000 in secured options income makes the target $23,420.

After losing some ground in January and February, I'm happy to see some big additions in both columns this month! Given the shortfall of $1,676, I'll have to secure $25,096 throughout the rest of the year to achieve my secured options income goal for 2018!

Thanks for reading and take care, everybody!

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