DivGro: Options Update: January 2019

Sunday, February 3, 2019

Options Update: January 2019

As I enter the fourth year of options trading at DivGro, let me remind readers that DivGro's focus continues to be dividend growth investing. Options trading is a fun (and profitable) sideline activity; one that allows me to buy more dividend growth stocks and so to boost DivGro's projected annual dividend income.

I write monthly options update articles to summarize options trades and to keep track of my options income. Each update also serves as a status report on open options and the obligations I potentially have.

I mostly sell puts on stocks I would like to own and covered calls on stocks I already own. Occasionally, I execute more speculative options trades, too, such as bull put spreads and other combo trades.

Recap

December was an exceptional busy month for options trading. In comparison, January was relatively quiet. I've been rather busy at work so I could not spare so much time to look for new options trades.

Below is a snapshot showing a few trades and options expirations this month:

Assigned Options

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

In January, one of the put options I sold, got assigned:

#274

2018-12-06

-1

PM 18 Jan 2019 $80.00 P

$ 160.00

( $ -0.79 )

Incorporated in 1987 and based in New York, New York, Philip Morris (PM) manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products in more than 180 markets outside the United States. PM owns seven of the world’s top fifteen international cigarette brands, including Marlboro, the number one cigarette brand in the world.

On 10 January, PM traded at about $68 per share, so the $80 put I'd sold was deep in-the-money and got assigned. I was obliged to buy 100 shares of PM at $80 per share, so opening a position with an unrealized loss of about $1,200. Compensating somewhat is the $160 of options income I'd received for selling the put.

The stock price has recovered nicely. On Friday, 1 February, PM closed at $75.73 per share, so my unrealized loss already is much smaller. I'll see if I can sell a suitable covered call on my 100 PM shares.

Expired Options

In January, the following options expired:

#284	2018-12-06	:	-1	×	VYM 18 Jan 2019 $85.00 C	$ 80.00	( $ -0.34 )
#247	2018-10-19	:	-3	×	NKE 18 Jan 2019 $70.00 P	$ 558.00	( $ -3.84 )

On 18 January, the Vanguard High Dividend Yield ETF (VYM) closed at $82.15 per share, below the $85 strike price of the January call I'd sold. So the call expired and I no longer have the obligation to sell 100 VYM shares.

Nike (NKE) closed at $80.45 on 18 January, well above the $70 strike price of the puts I'd sold. Therefore, the puts expired and I no longer have the obligation to buy 300 NKE shares.

Together, these options generated $633.82 in options income.

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 options early:

#254	2018-11-01	:	-2	×	FL 15 Feb 2019 $45.00 P	$ 660.00	( $ -13.22 )
#236	2018-10-12	:	-2	×	AFL 18 Jan 2019 $42.50 P	$ 252.00	( $ -20.15 )
#184	2018-05-11	:	-1	×	WMT 21 Jun 2019 $82.50 P	$ 667.00	( $ -93.42 )

On 9 January, I decided to buy back the $42.50 puts I'd sold on Aflac (AFL). Doing so secured 92% of the available options income. The trade netted $231.85.

I decided to close my Walmart (WMT) position, as I'm no longer interested in owning the stock. So it made sense also to close my short put position, especially because I could secure 86% of the available options income. The trade netted $573.58.

Finally, I closed my short puts on Foot Locker (FL) early, netting $646.78 in the process. That's nearly 98% of the available options income.

All together, I secured about $1,453 in options income by selling these options early.

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, or to collect more options income for out of the money options.

I rolled forward the following option this month:

#301	2019-01-24	:	-1	×	F 17 Jan 2020 $10.00 C	$ 36.00	( $ -1.58 )
#250b	2018-10-24	:	-1	×	F 15 Mar 2019 $10.00 C	$ 19.00	( $ -6.60 )	→ #301
#300	2019-01-24	:	-1	×	AFL 15 Jan 2021 $50.00 C	$ 420.00	( $ -1.09 )
#258	2018-12-06	:	-1	×	AFL 17 May 2019 $45.00 C	$ 160.00	( $ -371.87 )	→ #300
#299	2019-01-24	:	-1	×	AAPL 18 Apr 2019 $170.00 C	$ 244.00	( $ -1.09 )
#256	2018-12-06	:	-1	×	AAPL 15 Feb 2019 $200.00 C	$ 167.00	( $ -4.87 )	→ #299
#298	2019-01-16	:	-1	×	MO 17 Jan 2020 $47.50 P	$ 515.00	( $ -1.09 )
#289	2018-12-14	:	-1	×	MO 18 Jan 2019 $52.50 P	$ 181.00	( $ -517.87 )	→ #298
#297	2019-01-16	:	-1	×	AAPL 18 Apr 2019 $155.00 P	$ 809.00	( $ -1.10 )
#288	2018-12-14	:	-1	×	AAPL 18 Jan 2019 $160.00 P	$ 375.00	( $ -507.87 )	→ #297

On 24 January, I decided to roll forward my covered call option on Ford Motor (F) so I could easily match covered calls for the new F shares I bought. The trade netted $12.40 in secured options income. Rolling forward the options cost me $6.60, but I received $34.42 for selling the January 2020 calls.

Also on 24 January, I decided to roll forward the May $45 call option on Aflac (AFL), as the stock traded about 5% above that strike price. The trade cost me $371.87, but I received $420 for selling the January 2021 $50 calls. Note the increased strike price.

With AAPL trading below $153 on 24 January and the $200 February call on Apple (AAPL) being deep out-of-the-money, I decided to roll forward the call and simultaneously to decrease the strike price to $170. The trade cost me $4.87 and I added $242.91 to my options income tally by selling the April calls.

Altria (MO) continued its downward trend and traded just above $47 on 16 January, making the $52.50 put I'd sold deep in-the-money. So I rolled forward the put to January 2020, simultaneously lowering the strike price to $47.50. The trade cost me $517.87, but I collected $513.91 for selling the January 2020 put.

Finally, with AAPL trading below $155 on 16 January, the January $160 put option I'd sold on AAPL was deep in-the-money. So I decided to roll forward the option to April 2019 and simultaneously to decrease the strike price to $155. The trade cost me $507.97, but I added $807.90 to my options income tally by selling the April put.

New Covered Calls

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

I sold the following covered calls in January:

#303	2019-01-24	:	-1	×	WSM 15 Feb 2019 $55.00 C	$ 42.00	( $ -1.09 )
#302	2019-01-24	:	-19	×	F 17 Jan 2020 $10.00 C	$ 722.00	( $ -15.25 )

#303 : 2019-01-24: Sold to Open 1 Contract of Option WSM Feb 15 2019 55.00 C

I own 100 shares of Williams-Sonoma (WSM) at a cost basis of $55.61 per share. I'm willing to sell these shares for $55.00 on or before 15 February:

Open Date :	2019-01-24
Expiration Date :	2019-02-15	Number of Days in Trade :	22
Cost Basis :	$55.61 per share	Gain at Strike Price :	-1.10%
Strike Price :	$55.00 per share	Gain at Strike Price :	-1.10%
Number of Contracts :	1	Number of Shares :	100
Call Premium :	$0.42 per share	Options Income :	$42.00
		Commission :	-$1.09
Net Premium :	$0.409 per share	Net Options Income :	$40.91
Options Yield :	0.74%	Annualized Options Yield :	12.21%
----------------------------	---------------------	-------------------------------	-----------
		Commission if Exercised :	$0.00
Cost Basis if Exercised :	$55.18	Gain if Exercised :	-0.32%

This covered call yields 0.74%, or 12.21% on an annualized basis. The yield on cost of my WSM position is 3.09%, so I'm boosting dividend income by a factor of 3.95. If the option is exercised, I'll sell 100 shares of WSM at a reduced cost basis of $55.18 per share, for capital gains of -0.32%.

#302 : 2019-01-24: Sold to Open 19 Contracts of Option F Jan 17 2020 10.00 C

I own 1900 shares of Ford Motor (F) at a cost basis of $8.57 per share. I'm willing to sell these shares for $10.00 on or before 17 January:

Open Date :	2019-01-24
Expiration Date :	2020-01-17	Number of Days in Trade :	358
Cost Basis :	$8.57 per share	Gain at Strike Price :	16.69%
Strike Price :	$10.00 per share	Gain at Strike Price :	16.69%
Number of Contracts :	19	Number of Shares :	1900
Call Premium :	$0.38 per share	Options Income :	$722.00
		Commission :	-$15.25
Net Premium :	$0.372 per share	Net Options Income :	$706.75
Options Yield :	4.34%	Annualized Options Yield :	4.43%
----------------------------	---------------------	-------------------------------	-----------
		Commission if Exercised :	$0.00
Cost Basis if Exercised :	$8.18	Gain if Exercised :	22.22%

This covered call yields 4.34%, or 4.43% on an annualized basis. The yield on cost of my F position is 7.00%, so I'm boosting dividend income by a factor of 0.63. If the options are exercised, I'll sell 1900 shares of F at a reduced cost basis of $8.18 per share, for capital gains of 22.22%.

For covered calls, I think an achievable goal is to earn double the dividend yield. My covered call trade on WSM nearly quadruples WSM's dividend yield, but the F covered call falls short.

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 didn't sell any put options in November.

Options Expiring Soon

Below I'm listing options expiring in the next two months. On expiration day, in the money options will result in options assignment, which I'd like to avoid in some cases, if possible.

February 2019:

#303	2019-01-24	:	-1	×	WSM 15 Feb 2019 $55.00 C	$ 42.00	( $ -1.09 )	→ Out of the money with a 2% safety margin
#296	2018-12-28	:	-1	×	JPM 15 Feb 2019 $105.00 C	$ 154.00	( $ -1.09 )	→ Out of the money with a 1% safety margin
#294	2018-12-27	:	-1	×	WSM 15 Feb 2019 $55.00 C	$ 75.00	( $ -0.34 )	→ Out of the money with a 2% safety margin
#293	2018-12-27	:	-1	×	JPM 15 Feb 2019 $105.00 C	$ 98.00	( $ -1.09 )	→ Out of the money with a 1% safety margin
#292	2018-12-27	:	-1	×	IP 15 Feb 2019 $42.50 C	$ 105.00	( $ -1.09 )	→ In the money by 9% — caution!
#276	2018-12-06	:	-1	×	SBUX 15 Feb 2019 $70.00 C	$ 132.00	($ -0.79 )	→ Out of the money with a 3% safety margin
#263	2018-12-06	:	-2	×	INTC 15 Feb 2019 $55.00 C	$ 106.00	( $ -2.53 )	→ Out of the money with a 11% safety margin

March 2019:

#291	2018-12-21	:	-2	×	ADM 15 Mar 2019 $45.00 P	$ 851.00	( $ -1.58 )	→ At the money by — caution!
#283	2018-12-06	:	-1	×	VLO 14 Mar 2019 $90.00 C	$ 165.00	( $ -0.79 )	→ Out of the money with a 5% safety margin
#270	2018-12-06	:	-1	×	MSFT 15 Mar 2019 $125.00 C	$ 115.00	( $ -0.79 )	→ Out of the money with a 18% safety margin

One option expiring in February are in the money, while several others are out of the money with small margins of safety. 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:

ID	DATE	:	NO	×	TICKER OPTION	INCOME	( EXPENSES )	ROLLED	TOTAL	➤ SECURED
#303	2019-01-24	:	-1	×	WSM 15 Feb 2019 $55.00 C	$ 42.00	( $ -1.09 )		$ 44,030.37	➤ $ 19,387.37
#302	2019-01-24	:	-19	×	F 17 Jan 2020 $10.00 C	$ 722.00	( $ -15.25 )		$ 43,989.46	➤ $ 19,388.46
#301	2019-01-24	:	-1	×	F 17 Jan 2020 $10.00 C	$ 36.00	( $ -1.58 )		$ 43,282.71	➤ $ 19,403.71
#300	2019-01-24	:	-1	×	AFL 15 Jan 2021 $50.00 C	$ 420.00	( $ -1.09 )		$ 43,248.29	➤ $ 19,405.29
#299	2019-01-24	:	-1	×	AAPL 18 Apr 2019 $170.00 C	$ 244.00	( $ -1.09 )		$ 42,829.38	➤ $ 19,406.38
#298	2019-01-16	:	-1	×	MO 17 Jan 2020 $47.50 P	$ 515.00	( $ -1.09 )		$ 42,586.47	➤ $ 19,407.47
#297	2019-01-16	:	-1	×	AAPL 18 Apr 2019 $155.00 P	$ 809.00	( $ -1.10 )		$ 42,072.56	➤ $ 19,408.56
#296	2018-12-28	:	-1	×	JPM 15 Feb 2019 $105.00 C	$ 154.00	( $ -1.09 )		$ 41,264.66	➤ $ 19,409.66
#295	2018-12-28	:	-1	×	DGX 17 May 2019 $100.00 C	$ 62.00	( $ -1.09 )		$ 41,111.75	➤ $ 19,410.75
#294	2018-12-27	:	-1	×	WSM 15 Feb 2019 $55.00 C	$ 75.00	( $ -0.34 )		$ 41,050.84	➤ $ 19,411.84
#293	2018-12-27	:	-1	×	JPM 15 Feb 2019 $105.00 C	$ 98.00	( $ -1.09 )		$ 40,976.18	➤ $ 19,412.18
#292	2018-12-27	:	-1	×	IP 15 Feb 2019 $42.50 C	$ 105.00	( $ -1.09 )		$ 40,879.27	➤ $ 19,413.27
#291	2018-12-21	:	-2	×	ADM 15 Mar 2019 $45.00 P	$ 851.00	( $ -1.58 )		$ 40,775.36	➤ $ 19,414.36
#290	2018-12-14	:	-2	×	MO 21 Jun 2019 $60.00 C	$ 230.00	( $ -1.58 )		$ 39,925.94	➤ $ 19,415.94
#289	2018-12-14	:	-1	×	MO 18 Jan 2019 $52.50 P	$ 181.00	( $ -517.87 )	→ #298	$ 39,697.52	➤ $ 19,417.52
#288	2018-12-14	:	-1	×	AAPL 18 Jan 2019 $160.00 P	$ 375.00	( $ -507.87 )	→ #297	$ 40,034.39	➤ $ 19,754.39
#287	2018-12-06	:	-1	×	XOM 18 Apr 2019 $85.00 C	$ 126.00	( $ -1.09 )		$ 40,167.26	➤ $ 19,887.26
#286	2018-12-06	:	-2	×	WSM 15 Feb 2019 $60.00 C	$ 300.00	( $ -71.57 )		$ 40,042.35	➤ $ 19,888.35
#285	2018-12-06	:	-2	×	WBA 15 Jan 2021 $85.00 C	$ 2,074.00	( $ -2.20 )		$ 39,813.92	➤ $ 19,659.92
#284	2018-12-06	:	-1	×	VYM 18 Jan 2019 $85.00 C	$ 80.00	( $ -0.34 )		$ 37,742.12	➤ $ 19,662.12
#283	2018-12-06	:	-1	×	VLO 14 Mar 2019 $90.00 C	$ 165.00	( $ -0.79 )		$ 37,662.46	➤ $ 19,582.46
#282	2018-12-06	:	-1	×	TSM 19 Jul 2019 $45.00 C	$ 60.00	( $ -0.34 )		$ 37,498.25	➤ $ 19,583.25
#281	2018-12-06	:	-1	×	TSM 19 Jul 2019 $45.00 C	$ 64.00	( $ -1.09 )		$ 37,438.59	➤ $ 19,583.59
#280	2018-12-06	:	-1	×	TRV 18 Apr 2019 $140.00 C	$ 100.00	( $ -0.34 )		$ 37,375.68	➤ $ 19,584.68
#279	2018-12-06	:	-1	×	TROW 18 Apr 2019 $110.00 C	$ 115.00	( $ -0.34 )		$ 37,276.02	➤ $ 19,585.02
#278	2018-12-06	:	-4	×	TJX 17 Jan 2020 $45.00 P	$ 1,746.00	( $ -4.00 )		$ 37,161.36	➤ $ 19,585.36
#277	2018-12-06	:	-4	×	T 21 Jun 2019 $35.00 C	$ 128.00	( $ -1.95 )		$ 35,419.36	➤ $ 19,589.36
#276	2018-12-06	:	-1	×	SBUX 15 Feb 2019 $70.00 C	$ 132.00	( $ -0.79 )		$ 35,293.31	➤ $ 19,591.31
#275	2018-12-06	:	-1	×	ROST 17 May 2019 $100.00 C	$ 85.00	( $ -1.94 )		$ 35,162.10	➤ $ 19,592.10
#274	2018-12-06	:	-1	×	PM 18 Jan 2019 $80.00 P	$ 160.00	( $ -0.79 )		$ 35,079.04	➤ $ 19,594.04
#273	2018-12-06	:	-2	×	PG 15 Jan 2021 $95.00 C	$ 1,560.00	( $ -1.59 )		$ 34,919.83	➤ $ 19,434.83
#272	2018-12-06	:	-2	×	PFE 21 Jun 2019 $50.00 C	$ 154.00	( $ -0.97 )		$ 33,361.42	➤ $ 19,436.42
#271	2018-12-06	:	-2	×	O 21 Jun 2019 $70.00 C	$ 188.00	( $ 0.00 )		$ 33,208.39	➤ $ 19,437.39
#270	2018-12-06	:	-1	×	MSFT 15 Mar 2019 $125.00 C	$ 115.00	( $ -0.79 )		$ 33,020.39	➤ $ 19,437.39
#269	2018-12-06	:	-5	×	MAIN 21 Jun 2019 $40.00 C	$ 250.00	( $ -0.18 )		$ 32,906.18	➤ $ 19,438.18
#268	2018-12-06	:	-1	×	LOW 21 Jun 2019 $120.00 C	$ 67.00	( $ -0.79 )		$ 32,656.36	➤ $ 19,438.36
#267	2018-12-06	:	-4	×	KRG 17 May 2019 $20.00 C	$ 60.00	( $ 0.00 )		$ 32,590.15	➤ $ 19,439.15
#266	2018-12-06	:	-2	×	KO 17 May 2019 $52.50 C	$ 154.00	( $ -1.57 )		$ 32,530.15	➤ $ 19,439.15
#265	2018-12-06	:	-3	×	KBH 19 Jul 2019 $26.00 C	$ 309.00	( $ -279.81 )		$ 32,377.72	➤ $ 19,440.72
#264	2018-12-06	:	-1	×	JPM 18 Jan 2019 $110.00 C	$ 146.00	( $ -10.17 )	→ #293	$ 32,348.53	➤ $ 19,411.53
#263	2018-12-06	:	-2	×	INTC 15 Feb 2019 $55.00 C	$ 106.00	( $ -2.53 )		$ 32,212.70	➤ $ 19,275.70
#262	2018-12-06	:	-1	×	HRL 21 Jun 2019 $50.00 C	$ 110.00	( $ -0.34 )		$ 32,109.23	➤ $ 19,278.23
#261	2018-12-06	:	-1	×	ES 19 Jul 2019 $70.00 C	$ 270.00	( $ -0.34 )		$ 31,999.57	➤ $ 19,278.57
#260	2018-12-06	:	-1	×	DGX 17 May 2019 $100.00 C	$ 135.00	( $ -0.34 )		$ 31,729.91	➤ $ 19,278.91
#259	2018-12-06	:	-1	×	D 19 Jul 2019 $80.00 C	$ 130.00	( $ -0.34 )		$ 31,595.25	➤ $ 19,279.25
#258	2018-12-06	:	-1	×	AFL 17 May 2019 $45.00 C	$ 160.00	( $ -371.87 )	→ #300	$ 31,465.59	➤ $ 19,279.59
#257	2018-12-06	:	-2	×	ABBV 17 May 2019 $100.00 C	$ 500.00	( $ -1.58 )		$ 31,677.46	➤ $ 19,491.46
#256	2018-12-06	:	-1	×	AAPL 15 Feb 2019 $200.00 C	$ 167.00	( $ -4.87 )	→ #299	$ 31,179.04	➤ $ 19,493.04
#255	2018-11-01	:	-3	×	GPS 21 Jun 2019 $27.00 P	$ 1,004.00	( $ -1.47 )		$ 31,016.91	➤ $ 19,330.91
#254	2018-11-01	:	-2	×	FL 15 Feb 2019 $45.00 P	$ 660.00	( $ -13.22 )		$ 30,014.38	➤ $ 19,332.38
#253	2018-11-01	:	-2	×	CMCSA 21 Jun 2019 $42.50 C	$ 320.00	( $ -1.28 )		$ 29,367.60	➤ $ 18,685.60
#252	2018-10-29	:	-1	×	IP 21 Dec 2018 $42.50 P	$ 162.00	( $ -0.79 )		$ 29,048.88	➤ $ 18,686.88
#251	2018-10-25	:	-3	×	GILD 18 Jan 2019 $80.00 C	$ 304.00	( $ -63.51 )		$ 28,887.67	➤ $ 18,525.67
#250b	2018-10-24	:	-1	×	F 15 Mar 2019 $10.00 C	$ 19.00	( $ -6.60 )	→ #301	$ 28,647.18	➤ $ 18,285.18
#250a	2018-10-24	:	-9	×	F 15 Mar 2019 $10.00 C	$ 171.00	( $ -142.35 )		$ 28,634.78	➤ $ 18,272.78
#249	2018-10-23	:	-1	×	TSM 18 Jan 2019 $40.00 C	$ 114.00	( $ -37.17 )	→ #282	$ 28,606.13	➤ $ 18,244.13
#248	2018-10-19	:	-2	×	PG 18 Jan 2019 $85.00 C	$ 695.00	( $ -1,622.40 )	→ #273	$ 28,529.30	➤ $ 18,167.30
#247	2018-10-19	:	-3	×	NKE 18 Jan 2019 $70.00 P	$ 558.00	( $ -3.84 )		$ 29,456.70	➤ $ 19,094.70
#246	2018-10-19	:	-10	×	F 15 Mar 2019 $10.00 C	$ 160.00	( $ -160.61 )		$ 28,902.54	➤ $ 18,540.54
#245	2018-10-12	:	-2	×	WBA 18 Jan 2019 $72.50 C	$ 615.00	( $ -2,046.00 )	→ #285	$ 28,903.15	➤ $ 18,541.15
#244	2018-10-12	:	-1	×	JNJ 17 Jan 2020 $150.00 C	$ 518.00	( $ -0.64 )		$ 30,334.15	➤ $ 19,972.15
#243	2018-10-12	:	-2	×	ALK 18 Apr 2019 $62.60 P	$ 1,106.00	( $ -1.67 )		$ 29,816.79	➤ $ 19,972.79
#242	2018-10-12	:	-2	×	XEL 21 Dec 2018 $45.00 P	$ 120.00	( $ -18.00 )		$ 28,712.46	➤ $ 19,974.46
#241	2018-10-12	:	-1	×	VZ 16 Nov 2018 $52.50 P	$ 115.00	( $ -10.87 )		$ 28,610.46	➤ $ 19,872.46
#240	2018-10-12	:	-2	×	TSM 16 Nov 2018 $36.00 P	$ 100.00	( $ -1.57 )		$ 28,506.33	➤ $ 19,768.33
#239	2018-10-12	:	-2	×	SBUX 17 Jan 2020 $55.00 P	$ 966.00	( $ -0.84 )		$ 28,407.90	➤ $ 19,669.90
#238	2018-10-12	:	2	×	SBUX 17 Jan 2020 $75.00 C	$ 0.00	( $ -186.82 )		$ 27,442.74	➤ $ 19,670.74
#237	2018-10-12	:	-2	×	HRL 21 Dec 2018 $37.50 P	$ 160.00	( $ -18.60 )		$ 27,629.56	➤ $ 19,857.56
#236	2018-10-12	:	-2	×	AFL 18 Jan 2019 $42.50 P	$ 252.00	( $ -20.15 )		$ 27,488.16	➤ $ 19,716.16
#235	2018-10-02	:	-5	×	FLO 16 Nov 2018 $17.50 P	$ 150.00	( $ -46.51 )		$ 27,256.31	➤ $ 19,484.31
#234	2018-10-02	:	-2	×	FL 16 Nov 2018 $50.00 P	$ 620.00	( $ -599.68 )	→ #254	$ 27,152.82	➤ $ 19,380.82
#233	2018-10-02	:	-2	×	ALK 21 Dec 2018 $65.00 P	$ 570.00	( $ -1,047.73 )	→ #243	$ 27,132.50	➤ $ 19,360.50
#232	2018-09-05	:	1	×	MGM 17 Jan 2020 $28.00 P	$ 405.00	( $ -0.64 )		$ 27,610.23	➤ $ 19,838.23
#231	2018-09-05	:	-1	×	GILD 16 Nov 2018 $85.00 C	$ 44.00	( $ -12.14 )	→ #251	$ 27,205.87	➤ $ 19,838.87
#230	2018-08-28	:	-4	×	TJX 18 Apr 2019 $50.00 P	$ 499.00	( $ -1,829.58 )	→ #278	$ 27,174.01	➤ $ 19,807.01
#229	2018-08-28	:	-2	×	TJX 18 Apr 2019 $55.00 C	$ 572.00	( $ -40.29 )		$ 28,504.59	➤ $ 21,137.59
#228	2018-08-28	:	-2	×	TGT 19 Oct 2018 $80.00 P	$ 123.00	( $ -0.82 )		$ 27,972.88	➤ $ 20,605.88
#227	2018-08-28	:	-3	×	NKE 19 Oct 2018 $75.00 P	$ 183.00	( $ -91.65 )	→ #247	$ 27,850.70	➤ $ 20,483.70
#226	2018-08-28	:	-10	×	F 18 Jan 2019 $11.00 C	$ 216.00	( $ -81.06 )	→ #250	$ 27,759.35	➤ $ 20,392.35
#225	2018-08-17	:	-2	×	CMCSA 16 Nov 2018 $37.50 C	$ 181.00	( $ -264.09 )	→ #253	$ 27,624.41	➤ $ 20,257.41
#224	2018-08-10	:	-10	×	F 18 Jan 2019 $11.00 C	$ 210.00	( $ -65.61 )	→ #246	$ 27,707.50	➤ $ 20,340.50
#223	2018-08-06	:	-1	×	UNP 19 Oct 2018 $140.00 P	$ 172.00	( $ -1.59 )		$ 27,563.11	➤ $ 20,196.11
#222	2018-08-06	:	-1	×	HON 21 Sep 2018 $145.00 P	$ 75.00	( $ -1.09 )		$ 27,392.70	➤ $ 20,025.70
#221	2018-08-06	:	-1	×	HD 21 Sep 2018 $185.00 P	$ 177.00	( $ -0.79 )		$ 27,318.79	➤ $ 19,951.79
#220	2018-08-06	:	-1	×	CVS 21 Sep 2018 $65.00 P	$ 222.00	( $ -0.84 )		$ 27,142.58	➤ $ 19,775.58
#219	2018-08-06	:	-2	×	CSCO 19 Oct 2018 $40.00 P	$ 124.00	( $ -2.57 )		$ 26,921.42	➤ $ 19,554.42
#218	2018-08-06	:	-2	×	BBY 21 Sep 2018 $70.00 P	$ 324.00	( $ -0.98 )		$ 26,799.99	➤ $ 19,432.99
#217	2018-08-06	:	-2	×	ADM 21 Dec 2018 $45.00 P	$ 124.00	( $ -671.30 )	→ #291	$ 26,476.97	➤ $ 19,109.97
#216	2018-07-30	:	-1	×	MGM 21 Sep 2018 $31.00 P	$ 144.00	( $ -350.42 )	→ #232	$ 27,024.27	➤ $ 19,657.27
#215	2018-07-26	:	-1	×	MKC 21 Dec 2018 $115.00 P	$ 353.00	( $ -20.45 )		$ 27,230.69	➤ $ 19,863.69
#214	2018-07-20	:	-2	×	WSM 16 Nov 2018 $60.00 P	$ 717.00	( $ 0.00 )		$ 26,898.14	➤ $ 19,531.14
#213	2018-07-18	:	-1	×	HSY 24 Aug 2018 $91.00 P	$ 229.00	( $ -0.62 )		$ 26,181.14	➤ $ 18,814.14
#212	2018-06-20	:	-2	×	SBUX 17 Jan 2020 $50.00 P	$ 915.00	( $ -2.57 )		$ 25,952.76	➤ $ 18,585.76
#211	2018-06-20	:	-1	×	HSY 20 Jul 2018 $92.00 P	$ 194.00	( $ -65.41 )	→ #213	$ 25,040.33	➤ $ 18,588.33
#210	2018-06-20	:	-3	×	GIS 17 Jan 2020 $42.50 P	$ 1,224.00	( $ -1.49 )		$ 24,911.74	➤ $ 18,459.74
#209	2018-06-20	:	3	×	GIS 17 Jan 2020 $60.00 C	$ 0.00	( $ -235.46 )		$ 23,689.23	➤ $ 18,461.23
#208	2018-06-14	:	-2	×	TGT 19 Oct 2018 $70.00 P	$ 355.00	( $ -20.43 )	→ #228	$ 23,924.69	➤ $ 18,696.69
#207	2018-06-14	:	-3	×	NKE 19 Oct 2018 $65.00 P	$ 264.00	( $ -31.18 )	→ #227	$ 23,590.12	➤ $ 18,362.12
#206	2018-06-14	:	-20	×	F 18 Jan 2019 $12.00 C	$ 1,383.00	( $ -306.09 )		$ 23,357.30	➤ $ 18,129.30
#205	2018-06-14	:	-2	×	WBA 19 Oct 2018 $70.00 C	$ 288.00	( $ -413.80 )	→ #245	$ 22,280.39	➤ $ 17,052.39
#204	2018-06-14	:	-1	×	TSM 18 Jan 2019 $45.00 C	$ 55.00	( $ -5.67 )		$ 22,406.19	➤ $ 17,178.19
#203	2018-06-14	:	-1	×	TRV 19 Oct 2018 $140.00 C	$ 124.00	( $ -1.09 )		$ 22,356.86	➤ $ 17,128.86
#202	2018-06-14	:	-2	×	TJX 19 Oct 2018 $52.50 C	$ 90.00	( $ -398.62 )	→ #229	$ 22,233.95	➤ $ 17,005.95
#201	2018-06-14	:	-2	×	T 19 Oct 2018 $36.00 C	$ 94.00	( $ -1.58 )		$ 22,542.57	➤ $ 17,314.57
#200	2018-06-14	:	-1	×	RDS.B 18 Jan 2019 $80.00 C	$ 115.00	( $ -30.67 )		$ 22,450.15	➤ $ 17,222.15
#199	2018-06-14	:	-2	×	PG 19 Oct 2018 $85.00 C	$ 74.00	( $ -233.80 )	→ #248	$ 22,365.82	➤ $ 17,137.82
#198	2018-06-14	:	-1	×	LOW 18 Jan 2019 $120.00 C	$ 110.00	( $ -10.57 )		$ 22,525.62	➤ $ 17,297.62
#197	2018-06-14	:	-1	×	JNJ 21 Dec 2018 $135.00 C	$ 150.00	( $ -407.72 )	→ #244	$ 22,426.19	➤ $ 17,198.19
#196	2018-06-14	:	-2	×	GILD 16 Nov 2018 $85.00 C	$ 166.00	( $ -23.68 )	→ #251	$ 22,683.91	➤ $ 17,455.91
#195	2018-06-14	:	-2	×	DIS 19 Oct 2018 $125.00 C	$ 116.00	( $ -1.58 )		$ 22,541.59	➤ $ 17,313.59
#194	2018-06-14	:	-2	×	CMCSA 17 Aug 2018 $35.00 C	$ 164.00	( $ -85.40 )	→ #225	$ 22,427.17	➤ $ 17,199.17
#193	2018-06-14	:	-1	×	BUD 21 Dec 2018 $115.00 C	$ 85.00	( $ -12.57 )		$ 22,348.57	➤ $ 17,120.57
#192	2018-06-14	:	-1	×	AAPL 20 Jul 2018 $200.00 C	$ 122.00	( $ -1.09 )		$ 22,276.14	➤ $ 17,048.14
#191	2018-06-12	:	-2	×	TPR 20 Jul 2018 $45.00 P	$ 140.00	( $ -8.76 )		$ 22,155.23	➤ $ 16,927.23
#190	2018-06-12	:	-1	×	MKC 21 Sep 2018 $100.00 P	$ 185.00	( $ -18.36 )	→ #215	$ 22,023.99	➤ $ 16,795.99
#189	2018-06-12	:	-2	×	AEO 17 Aug 2018 $24.00 P	$ 180.00	( $ -9.17 )		$ 21,857.35	➤ $ 16,629.35
#188	2018-05-24	:	-2	×	WSM 17 Aug 2018 $47.50 P	$ 240.00	( $ -12.08 )	→ #214	$ 21,686.52	➤ $ 16,458.52
#187	2018-05-24	:	-4	×	TJX 19 Oct 2018 $41.25 P	$ 380.00	( $ -17.28 )	→ #230	$ 21,458.60	➤ $ 16,230.60
#186	2018-05-24	:	-2	×	TGT 20 Jul 2018 $67.50 P	$ 224.00	( $ -32.79 )	→ #208	$ 21,095.88	➤ $ 15,867.88
#185	2018-05-24	:	-2	×	HSY 15 Jun 2018 $91.00 P	$ 236.00	( $ -0.74 )		$ 20,904.67	➤ $ 15,676.67
#184	2018-05-11	:	-1	×	WMT 21 Jun 2019 $82.50 P	$ 667.00	( $ -93.42 )		$ 20,669.41	➤ $ 15,441.41
#183	2018-05-11	:	-1	×	VLO 17 Jan 2020 $90.00 C	$ 2,935.00	( $ -701.77 )		$ 20,095.83	➤ $ 14,867.83
#182	2018-05-11	:	-1	×	PG 17 Jan 2020 $72.50 P	$ 633.00	( $ -179.71 )		$ 17,862.60	➤ $ 12,634.60
#181	2018-05-11	:	-1	×	MO 21 Jul 2019 $55.00 P	$ 579.00	( $ -0.63 )		$ 17,409.31	➤ $ 12,181.31
#180	2018-05-11	:	-3	×	GPS 21 Dec 2018 $29.00 P	$ 912.00	( $ -886.90 )	→ #255	$ 16,830.94	➤ $ 12,181.94
#179	2018-05-11	:	-2	×	DIS 17 Jan 2020 $100.00 P	$ 1,845.00	( $ -1.15 )		$ 16,805.84	➤ $ 12,156.84
#178	2018-05-11	:	2	×	DIS 17 Jan 2020 $130.00 C	$ 0.00	( $ -712.11 )		$ 14,961.99	➤ $ 12,157.99
#177	2018-04-20	:	-3	×	GLW 18 Jan 2019 $27.00 P	$ 618.00	( $ -102.32 )		$ 15,674.10	➤ $ 12,870.10
#176	2018-04-20	:	-1	×	PG 18 Jan 2019 $77.50 P	$ 627.00	( $ -672.25 )	→ #182	$ 15,158.42	➤ $ 12,354.42
#175	2018-04-20	:	-1	×	MO 20 Jul 2018 $60.00 P	$ 438.00	( $ -505.25 )	→ #181	$ 15,203.67	➤ $ 12,399.67
#174	2018-04-20	:	-3	×	KBH 18 Jan 2019 $30.00 P	$ 1,494.00	( $ -1.46 )		$ 15,270.92	➤ $ 12,466.92
#173	2018-04-06	:	-1	×	WMT 18 May 2018 $87.50 P	$ 304.00	( $ -508.25 )	→ #184	$ 13,778.38	➤ $ 10,974.38
#172	2018-04-06	:	-2	×	DIS 18 May 2018 $110.00 C	$ 116.00	( $ -1.38 )		$ 13,982.63	➤ $ 11,178.63
#171	2018-03-23	:	-3	×	XLRE 18 May 2018 $29.00 P	$ 120.00	( $ -0.18 )		$ 13,868.01	➤ $ 11,064.01
#170	2018-03-23	:	-2	×	APC 18 May 2018 $57.50 P	$ 290.00	( $ -0.99 )		$ 13,748.19	➤ $ 10,944.19
#169	2018-03-22	:	-3	×	PFE 18 May 2018 $34.00 P	$ 141.00	( $ -1.47 )		$ 13,459.18	➤ $ 10,655.18
#168	2018-03-22	:	-3	×	GPS 18 May 2018 $31.00 P	$ 447.00	( $ -551.90 )	→ #180	$ 13,319.65	➤ $ 10,515.65
#167	2018-03-14	:	-6	×	WEN 18 May 2018 $16.00 P	$ 270.00	( $ -0.25 )		$ 13,424.55	➤ $ 10,620.55
#166	2018-03-14	:	-2	×	STLD 18 May 2018 $46.00 P	$ 410.00	( $ -0.69 )		$ 13,154.80	➤ $ 10,350.80
#165	2018-03-14	:	-1	×	RS 20 Apr 2018 $87.50 P	$ 170.00	( $ -0.34 )		$ 12,745.49	➤ $ 9,941.49
#164	2018-03-14	:	-3	×	PFE 15 Jun 2018 $34.00 P	$ 150.00	( $ -1.47 )		$ 12,575.83	➤ $ 9,771.83
#163	2018-03-14	:	10	×	NEE 20 Apr 2018 $150.00 P	$ 0.00	( $ -1,055.63 )		$ 12,427.30	➤ $ 9,623.30
#162	2018-03-14	:	-10	×	NEE 20 Apr 2018 $155.00 P	$ 2,153.00	( $ -5.70 )		$ 13,482.93	➤ $ 10,678.93
#161	2018-03-14	:	-2	×	KMB 17 Jan 2020 $100.00 P	$ 1,503.00	( $ -0.11 )		$ 11,335.63	➤ $ 8,531.63
#160	2018-03-14	:	2	×	KMB 17 Jan 2020 $135.00 C	$ 0.00	( $ -783.14 )		$ 9,832.74	➤ $ 8,531.74
#159	2018-03-14	:	-2	×	HOG 18 May 2018 $40.00 P	$ 186.00	( $ -0.98 )		$ 10,615.88	➤ $ 9,314.88
#158	2018-03-14	:	-3	×	GLW 20 Apr 2018 $29.00 P	$ 141.00	( $ -465.32 )	→ #177	$ 10,430.86	➤ $ 9,129.86
#157	2018-03-14	:	-1	×	BUD 18 May 2018 $105.00 P	$ 200.00	( $ -0.79 )		$ 10,755.18	➤ $ 9,454.18
#156	2018-02-26	:	-2	×	ABBV 17 Jan 2020 $100.00 C	$ 5,508.00	( $ -822.21 )		$ 10,555.97	➤ $ 9,254.97
#155	2018-02-26	:	-1	×	WMT 06 Apr 2018 $90.00 P	$ 130.00	( $ -221.61 )	→ #173	$ 5,870.18	➤ $ 4,569.18
#154	2018-02-26	:	-1	×	LOW 20 Apr 2018 $92.50 P	$ 196.00	( $ -0.79 )		$ 5,961.79	➤ $ 4,660.79
#153	2018-02-26	:	5	×	HD 20 Apr 2018 $185.00 P	$ 0.00	( $ -4,827.70 )		$ 5,766.58	➤ $ 4,465.58
#152	2018-02-26	:	-5	×	HD 20 Apr 2018 $190.00 P	$ 3,450.00	( $ -2.79 )		$ 10,594.28	➤ $ 9,293.28
#151	2018-02-23	:	-2	×	SBUX 18 May 2018 $52.50 P	$ 194.00	( $ -0.98 )		$ 7,147.07	➤ $ 5,846.07
#150	2018-02-23	:	-1	×	PG 20 Apr 2018 $80.00 P	$ 171.00	( $ -562.41 )	→ #176	$ 6,954.05	➤ $ 5,653.05
#149b	2018-02-23	:	-1	×	MO 20 Apr 2018 $60.00 P	$ 72.00	( $ -267.16 )	→ #175	$ 7,345.46	➤ $ 6,044.46
#149a	2018-02-23	:	-1	×	MO 20 Apr 2018 $60.00 P	$ 72.00	( $ -0.54 )		$ 7,540.62	➤ $ 6,239.62
#148	2018-02-23	:	-2	×	HRL 15 Jun 2018 $32.50 P	$ 304.00	( $ -0.01 )		$ 7,469.16	➤ $ 6,168.16
#147	2018-02-23	:	-2	×	EEM 18 May 2018 $46.00 P	$ 156.00	( $ -2.42 )		$ 7,165.17	➤ $ 5,864.17
#146	2018-02-23	:	-2	×	DIS 06 Apr 2018 $112.00 C	$ 142.00	( $ -0.74 )		$ 7,011.59	➤ $ 5,710.59
#145	2018-02-23	:	-3	×	BAC 18 May 2018 $29.00 P	$ 150.00	( $ -1.47 )		$ 6,870.33	➤ $ 5,569.33
#144	2018-02-23	:	-2	×	AAPL 18 May 2018 $155.00 P	$ 374.00	( $ -2.43 )		$ 6,721.80	➤ $ 5,420.80
#143	2018-02-16	:	-3	×	NKE 20 Jul 2018 $60.00 P	$ 441.00	( $ -20.73 )	→ #207	$ 6,350.23	➤ $ 5,049.23
#142	2018-02-16	:	-2	×	GILD 15 Jun 2018 $85.00 C	$ 678.00	( $ -11.15 )		$ 5,929.96	➤ $ 4,628.96
#141	2018-01-12	:	6	×	WYNN 16 Mar 2018 $155.00 P	$ 0.00	( $ -2,708.04 )		$ 5,263.11	➤ $ 3,962.11
#140	2018-01-12	:	-6	×	WYNN 16 Mar 2018 $160.00 P	$ 3,791.00	( $ -3.14 )		$ 7,971.15	➤ $ 6,670.15
#139	2018-01-12	:	6	×	RL 20 Apr 2018 $100.00 P	$ 0.00	( $ -2,427.25 )		$ 4,183.29	➤ $ 2,882.29
#138	2018-01-12	:	-6	×	RL 20 Apr 2018 $105.00 P	$ 3,566.00	( $ -3.34 )		$ 6,610.54	➤ $ 5,309.54
#137	2018-01-12	:	8	×	JPM 16 Mar 2018 $105.00 P	$ 0.00	( $ -842.23 )		$ 3,047.88	➤ $ 1,746.88
#136	2018-01-12	:	-8	×	JPM 16 Mar 2018 $110.00 P	$ 1,864.00	( $ -10.29 )		$ 3,890.11	➤ $ 2,589.11
#135	2018-01-12	:	-3	×	KSS 16 Mar 2018 $55.00 P	$ 405.00	( $ -0.14 )		$ 2,036.40	➤ $ 735.40
#134c	2018-01-11	:	-1	×	QCOM 17 Jan 2020 $65.00 C	$ 785.00	( $ -0.51 )		$ 1,631.54	➤ $ 330.54
#134b	2018-01-11	:	-2	×	QCOM 17 Jan 2020 $65.00 C	$ 1,570.00	( $ -756.60 )		$ 847.05	➤ $ 331.05
#134a	2018-01-10	:	-1	×	QCOM 17 Jan 2020 $65.00 C	$ 785.00	( $ -1,101.29 )		$ 33.65	➤ $ -482.35
#133	2018-01-10	:	-20	×	F 17 Jan 2020 $12.00 C	$ 3,720.00	( $ -2,558.96 )	→ #206	$ 349.94	➤ $ -166.06
#132	2018-01-10	:	-2	×	KO 18 Jan 2019 $47.00 C	$ 414.00	( $ -109.56 )		$ -811.10	➤ $ -1,327.10
#131	2018-01-10	:	-3	×	TGT 16 Mar 2018 $60.00 P	$ 144.00	( $ -1.48 )		$ -1,115.54	➤ $ -1,631.54
#130	2018-01-10	:	-3	×	KBH 20 Apr 2018 $31.00 P	$ 306.00	( $ -1,283.91 )	→ #174	$ -1,258.06	➤ $ -1,774.06
#129	2018-01-10	:	-2	×	FAST 18 May 2018 $50.00 P	$ 350.00	( $ 0.00 )		$ -280.15	➤ $ -796.15
#128	2018-01-10	:	-1	×	AXP 20 Apr 2018 $100.00 P	$ 330.00	( $ -0.80 )		$ -630.15	➤ $ -1,146.15
#127	2017-11-30	:	-2	×	EEM 19 Jan 2018 $46.00 P	$ 234.00	( $ -0.85 )		$ -959.35	➤ $ -1,475.35
#126	2017-11-30	:	-2	×	BBT 16 Mar 2018 $50.00 P	$ 130.00	( $ -0.98 )		$ -1,192.50	➤ $ -1,708.50
#125	2017-11-21	:	-3	×	X 19 Jan 2018 $26.00 P	$ 252.00	( $ -2.09 )		$ -1,321.52	➤ $ -1,837.52
#124	2017-11-21	:	-2	×	RL 19 Jan 2018 $80.00 P	$ 150.00	( $ -0.09 )		$ -1,571.43	➤ $ -2,087.43
#123	2017-11-21	:	-3	×	BAC 19 Jan 2018 $25.00 P	$ 120.00	( $ -2.23 )		$ -1,721.34	➤ $ -2,237.34
#122	2017-11-17	:	-1	×	VLO 18 Jan 2019 $80.00 C	$ 892.00	( $ -3,535.26 )	→ #183	$ -1,839.11	➤ $ -2,355.11
#121	2017-11-17	:	-3	×	NKE 20 Apr 2018 $50.00 P	$ 208.00	( $ -31.15 )	→ #143	$ 804.15	➤ $ 288.15
#120	2017-11-17	:	-2	×	AAPL 16 Feb 2018 $150.00 P	$ 376.00	( $ -1.60 )		$ 627.30	➤ $ 111.30
#119	2017-11-17	:	-2	×	WBA 15 Dec 2017 $70.00 P	$ 244.00	( $ -0.99 )		$ 252.90	➤ $ -263.10
#118	2017-11-17	:	-2	×	TXN 16 Mar 2018 $85.00 P	$ 200.00	( $ -0.99 )		$ 9.89	➤ $ -506.11
#117	2017-11-17	:	-2	×	MO 19 Jan 2018 $62.50 P	$ 140.00	( $ -0.99 )		$ -189.12	➤ $ -705.12
#116b	2017-10-20	:	-1	×	INTC 17 Jan 2020 $40.00 C	$ 516.00	( $ -1,691.18 )		$ -328.13	➤ $ -844.13
#116a	2017-10-20	:	-1	×	INTC 17 Jan 2020 $40.00 C	$ 516.00	( $ -0.51 )		$ 847.04	➤ $ 331.04

key: expired • closed • rolled • assigned • open

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

Goals Progress

My options goal in 2019 is to collect a total of $21,000, which is a monthly average of $1,750.

	Total Options Income	Secured Options Income
This Month:	$ 44,030	$ 19,387
Last Month:	$ 42,793	$ 17,659
Difference:	$ 1,237	$ 1,728

With only $1,237 collected in January, I'm off to a slow start. Let's see how it goes in February!

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4 comments :

Buy, Hold LongFebruary 4, 2019 at 3:10 AM
A slower month (in your opinion) isn't too bad. Keep working at it and I'm sure you'll put up some amazing numbers again.
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YingjieFebruary 4, 2019 at 5:54 PM
Beautiful report. It is tiring to track the data and make the table. Is color coding automatically assigned?
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