Monday, June 10, 2019

Options Update: May 2019

Welcome to another options update article!

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.

The stock market took a bit of a nosedive in May on trade war concerns and volatility is up, so selling options is a little more lucrative (albeit riskier).

After April's poor performance, I'm happy to report that May's trades have regained some ground with regards to my 2019 options income goal. While I'm not back on pace yet, things certainly look better!

Recap


Through April 2019, I collected options income totaling $4,243 in 2019 at an average of about $1,061 per month. This was well short of my monthly target average of $1,750. 

Below is a snapshot of May's trades, which included one assignment, one expiration, two transactions in which I closed options before expiration, and a few in which I rolled forward options. I also sold several put options and a couple of covered calls in May. 


Assigned Options


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

#2612018-12-06:-1×ES 19 Jul 2019 $70.00 C $ 270.00 ( $ -0.34 )

My ES shares were called away due to an early assignment of the July $70 covered call I'd sold in December 2018 for $240. The option holder exercised the option on 21 May, one day before ES would have trade ex-dividend. On 21 May, ES shares closed at $73.21 per share.

From the new owner's perspective, the trade was favorable. The option cost $2.40 per share, while the trade created an unrealized gain of $3.21 per share and it secured the upcoming dividend of $0.535 per share. The new owner's net (unrealized) gain is $134.50.

From my perspective, my investment in ES was quite successful! Total gains including dividend and options income are $3,150 or 66% on my original investment (which is 20% annualized). 

ES is trading at a premium to fair value and I'm happy to wait until I can re-open a position at a more favorable level:

Source: Simply Safe Dividends

When selling covered calls, you have to be prepared to "let go" of shares at any time. In my view, that risk is worth it! Since June 2016, I've collected about $50,000 in options income.

Expired Options


In April, the following option expired:

#3272019-03-25:-1×VLO 17 May 2019 $80.00 P $ 224.00 ( $ -0.79 )

On 17 May, Valero Energy  (VLO) closed at $83.71 per share, well above the $80 strike price of the May put I'd sold. So the put expired and I no longer have the obligation to buy 100 VLO shares.

I secured options income totaling $223 with this trade.

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:

#2752018-12-06:-1×ROST 17 May 2019 $100.00 C $   85.00 ( $ -11.18 )
#3122019-02-22:-2×INTC 18 Oct 2019 $55.00 C $ 670.00 ( $ -98.14 )

On 15 May, Intel (INTC) traded near $45 per share. The $55 calls I'd sold were deep out of the money and I decided to buy back the call. Closing the option early secured most of the available options income and I netted about $761.

Also on 15 May, Ross Stores (ROST) traded around $94 per share, well below the $100 strike price of the call I'd sold. Buying back the call netted about $74 (or more than 87% of the available options income).

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 options this month:

#3392019-05-15:-1×AAPL 18 Jun 2021 $205.00 C $ 2,323.00 ( $        -0.69 )
#3042019-02-07:-1×AAPL 17 Jan 2020 $180.00 C $ 1,380.00 ( $ -2,246.75 )→ #339

#3442019-05-15:-1×TIF 16 Aug 2019 $90.00 P $    302.00   ( $        -0.65 )
#3262019-03-25:-1×TIF 17 May 2019 $100.00 P $    220.00 ( $    -211.48 )→ #344
#3522019-05-24:-3×SKT 17 Jan 2020 $20.00 C $    188.00 ( $        -3.30 )
#3182019-02-22:-3×SKT 17 Jan 2020 $25.00 C $    195.00 ( $      -39.41 )→ #352
#3532019-05-28:-2×CMCSA 17 Jan 2020 $45.00 C $    396.00 ( $     -2.58 )
#2532018-11-01:-2×CMCSA 21 Jun 2019 $42.50 C $    320.00 ( $ -209.85 )→ #353

On 15 May, Apple (AAPL) closed above $190 per share, meaning the January 2020, $180 covered calls I'd sold were deep in the money. To protect my AAPL shares, I decided to roll forward the options to June 2021, simultaneously increasing the strike price to $205. The trade cost me $878 in options income, but I collected $2,323 for selling the Jun 2021, $205 covered call.

Tiffany (TIF) closed above $98 on 15 May, so the $100, May 2019, puts I'd sold on TIF were in of the money. I decided to roll forward the options to August 2019 and simultaneously to lower the strike price to $90. Doing so cost me about $9 in options income but I collected another $302 for selling the August 2019, $90 puts.

On 24 May, Tanger Factory Outlet Centers (SKT) traded just above $18 per share, well below the $25 strike price of the January 2020 covered calls I'd sold. I decided to lower the strike price of these options to $20 with the same expiration date. This secured about $156 in options income and I collected another $188 for selling the $20 calls. 

With Comcast (CMCSA) trading around $42 on 28 May, the Jun 2019, $42.50 covered calls I'd sold on CMCSA were in of the money. I decided to roll forward the options to January 2020 and simultaneously to increase the strike price to $45. Doing so secured about $110 in options income and I collected another $396 for selling the January 2020, $45 calls.

In all, these trades netted $3,173 in options income.

Covered Calls


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

I sold the following covered call in May:

#3402019-05-15:-1×DIS 19 Jul 2019 $140.00 C $ 242.00 ( $ -0.80 )
#3512019-05-22:-2×SKT 17 Jan 2020 $20.00 C $ 112.00 ( $ -1.59 )


#340 : 2019-05-15: Sold to Open 1 Contract of Option DIS Jul 19 2019 140.00 C

I own 100 shares of Walt Disney (DIS) at a cost basis of $99.20 per share. I'm willing to sell these shares for $140.00 on or before 19 July:

Open Date :  2019-05-15
Expiration Date :  2019-07-19    Number of Days in Trade : 65
Cost Basis :  $99.20 per shareGain at Strike Price : 41.13%
Strike Price :  $140.00 per share
Number of Contracts : 1Number of Shares :100
Call Premium :  $2.52 per shareOptions Income : $252.00
Commission : -$0.80
Net Premium :  $2.512 per shareNet Options Income : $251.20
Options Yield :  2.53%Annualized Options Yield : 14.23%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $96.67Gain if Exercised : 44.82%

This covered call yields 2.53%, or 14.23% on an annualized basis. The yield on cost of my DIS position is 1.77%, so I'm boosting dividend income by a factor of 8.02. If the option is exercised, I'll sell 100 shares of DIS at a reduced cost basis of $96.67 per share, for capital gains of 44.82%.


#351 : 2019-05-22: Sold to Open 2 Contracts of Option SKT Jan 17 2020 20.00 C

I own 200 shares of Tanger Factory Outlet Centers (SKT) at a cost basis of $17.84 per share. I'm willing to sell these shares for $20.00 on or before 17 January:

Open Date :  2019-05-22
Expiration Date :  2020-01-17    Number of Days in Trade : 240
Cost Basis :  $17.84 per shareGain at Strike Price : 12.11%
Strike Price :  $20.00 per share
Number of Contracts : 2Number of Shares :200
Call Premium :  $0.56 per shareOptions Income : $112.00
Commission : -$1.59
Net Premium :  $0.552 per shareNet Options Income : $110.41
Options Yield :  3.09%Annualized Options Yield : 4.71%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $17.27Gain if Exercised : 15.79%

This covered call yields 3.09%, or 4.71% on an annualized basis. The yield on cost of my SKT position is 7.96%, so I'm boosting dividend income by a factor of 0.59. If the options are exercised, I'll sell 200 shares of SKT at a reduced cost basis of $17.27 per share, for capital gains of 15.79%.


For covered calls, I think an achievable goal is to earn double the dividend yield. While the DIS covered call trade easily meets this goal, the SKT covered call trade does not. Doubling SKT's 7.96% yield would be difficult!

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 May:

#3412019-05-15:-1×INTC 20 Sep 2019 $40.00 P $ 105.00 ( $ -0.80 )
#3422019-05-15:-2×QCOM 18 Oct 2019 $65.00 P $ 156.00 ( $ -0.99 )
#3432019-05-15:-2×SO 15 Nov 2019 $45.00 P $   88.00 ( $ -0.99 )
#3452019-05-15:-2×WFC 18 Oct 2019 $42.50 P $ 240.00 ( $ -1.00 )
#3462019-05-16:-1×AOS 18 Oct 2019 $45.00 P $ 180.00 ( $ -1.10 )
#3472019-05-16:-2×GIS 18 Oct 2019 $47.50 P $ 260.00 ( $ -1.60 )
#3482019-05-20:-1×SNA 20 Sep 2019 $140.00 P $ 260.00 ( $ -1.10 )
#3492019-05-22:-2×ADM 20 Sep 2019 $35.00 P $ 110.00 ( $ -0.75 )
#3502019-05-22:-2×GIS 19 Jul 2019 $50.00 P $ 176.00 ( $ -1.00 )
#3542019-05-28:-2×DAL 20 Sep 2019 $50.00 P $ 310.00 ( $ -1.00 )
#3552019-05-29:-2×MS 16 Aug 2019 $40.00 P $ 262.00 ( $ -1.00 )


#341 : 2019-05-15: Sold to Open 1 Contract of Option INTC Sep 20 2019 40.00 P

I'm willing to buy 100 shares of Intel (INTC) for $40.00 per share on or before 20 September. INTC closed at $45.62 per share on the date of my trade:

Open Date :  2019-05-15
Expiration Date :  2019-09-20    Number of Days in Trade : 128
Price at Close :  $45.62 per shareDiscount at Strike Price : 12.32%
Strike Price :  $40.00 per share
Number of Contracts : 1Number of Shares :100
Put Premium :  $1.05 per shareOptions Income : $105.00
Commission : -$0.80
Net Premium :  $1.042 per shareNet Options Income : $104.20
Options Yield :  2.28%Annualized Options Yield : 6.52%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $38.94Discount if Exercised : 14.64%

This put option trade yields 2.28%, or 6.52% on an annualized basis. At $45.62 per share, INTC yields 2.76%, so I'm boosting dividend income by a factor of 2.36. If the option is exercised, I'll buy 100 shares at a cost basis of $38.94 per share, a discount of 14.64%.


#342 : 2019-05-15: Sold to Open 2 Contracts of Option QCOM Oct 18 2019 65.00 P

I'm willing to buy 200 shares of Qualcomm (QCOM) for $65.00 per share on or before 18 October. QCOM closed at $85.48 per share on the date of my trade:

Open Date :  2019-05-15
Expiration Date :  2019-10-18    Number of Days in Trade : 156
Price at Close :  $85.48 per shareDiscount at Strike Price : 23.96%
Strike Price :  $65.00 per share
Number of Contracts : 2Number of Shares :200
Put Premium :  $0.78 per shareOptions Income : $156.00
Commission : -$0.99
Net Premium :  $0.775 per shareNet Options Income : $155.01
Options Yield :  0.91%Annualized Options Yield : 2.12%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $64.22Discount if Exercised : 24.88%

This put option trade yields 0.91%, or 2.12% on an annualized basis. At $85.48 per share, QCOM yields 2.90%, so I'm boosting dividend income by a factor of 0.73. If the options are exercised, I'll buy 200 shares at a cost basis of $64.22 per share, a discount of 24.88%.


#343 : 2019-05-15: Sold to Open 2 Contracts of Option SO Nov 15 2019 45.00 P

I'm willing to buy 200 shares of Southern (SO) for $45.00 per share on or before 15 November. SO closed at $53.02 per share on the date of my trade:

Open Date :  2019-05-15
Expiration Date :  2019-11-15    Number of Days in Trade : 184
Price at Close :  $53.02 per shareDiscount at Strike Price : 15.13%
Strike Price :  $45.00 per share
Number of Contracts : 2Number of Shares :200
Put Premium :  $0.44 per shareOptions Income : $88.00
Commission : -$0.99
Net Premium :  $0.435 per shareNet Options Income : $87.01
Options Yield :  0.82%Annualized Options Yield : 1.63%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $44.56Discount if Exercised : 15.97%

This put option trade yields 0.82%, or 1.63% on an annualized basis. At $53.02 per share, SO yields 4.68%, so I'm boosting dividend income by a factor of 0.35. If the options are exercised, I'll buy 200 shares at a cost basis of $44.56 per share, a discount of 15.97%.


#345 : 2019-05-15: Sold to Open 2 Contracts of Option WFC Oct 18 2019 42.50 P

I'm willing to buy 200 shares of Wells Fargo (WFC) for $42.50 per share on or before 18 October. WFC closed at $45.84 per share on the date of my trade:

Open Date :  2019-05-15
Expiration Date :  2019-10-18    Number of Days in Trade : 156
Price at Close :  $45.84 per shareDiscount at Strike Price : 7.29%
Strike Price :  $42.50 per share
Number of Contracts : 2Number of Shares :200
Put Premium :  $1.20 per shareOptions Income : $240.00
Commission : -$1.00
Net Premium :  $1.195 per shareNet Options Income : $239.00
Options Yield :  2.61%Annualized Options Yield : 6.10%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $41.30Discount if Exercised : 9.91%

This put option trade yields 2.61%, or 6.10% on an annualized basis. At $45.84 per share, WFC yields 3.93%, so I'm boosting dividend income by a factor of 1.55. If the options are exercised, I'll buy 200 shares at a cost basis of $41.30 per share, a discount of 9.91%.


#346 : 2019-05-16: Sold to Open 1 Contract of Option AOS Oct 18 2019 45.00 P

I'm willing to buy 100 shares of AO Smith (AOS) for $45.00 per share on or before 18 October. AOS closed at $45.12 per share on the date of my trade:

Open Date :  2019-05-16
Expiration Date :  2019-10-18    Number of Days in Trade : 155
Price at Close :  $45.12 per shareDiscount at Strike Price : 0.27%
Strike Price :  $45.00 per share
Number of Contracts : 1Number of Shares :100
Put Premium :  $0.90 per shareOptions Income : $90.00
Commission : -$1.10
Net Premium :  $0.889 per shareNet Options Income : $88.90
Options Yield :  1.97%Annualized Options Yield : 4.64%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $44.09Discount if Exercised : 2.29%

This put option trade yields 1.97%, or 4.64% on an annualized basis. At $45.12 per share, AOS yields 1.95%, so I'm boosting dividend income by a factor of 2.38. If the option is exercised, I'll buy 100 shares at a cost basis of $44.09 per share, a discount of 2.29%.


#347 : 2019-05-16: Sold to Open 2 Contracts of Option GIS Oct 18 2019 47.50 P

I'm willing to buy 200 shares of General Mills (GIS) for $47.50 per share on or before 18 October. GIS closed at $52.10 per share on the date of my trade:

Open Date :  2019-05-16
Expiration Date :  2019-10-18    Number of Days in Trade : 155
Price at Close :  $52.10 per shareDiscount at Strike Price : 8.83%
Strike Price :  $47.50 per share
Number of Contracts : 2Number of Shares :200
Put Premium :  $1.30 per shareOptions Income : $260.00
Commission : -$1.60
Net Premium :  $1.292 per shareNet Options Income : $258.40
Options Yield :  2.48%Annualized Options Yield : 5.84%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $46.19Discount if Exercised : 11.34%

This put option trade yields 2.48%, or 5.84% on an annualized basis. At $52.10 per share, GIS yields 3.76%, so I'm boosting dividend income by a factor of 1.55. If the options are exercised, I'll buy 200 shares at a cost basis of $46.19 per share, a discount of 11.34%.


#348 : 2019-05-20: Sold to Open 1 Contract of Option SNA Sep 20 2019 140.00 P

I'm willing to buy 200 shares of Snap-on (SNA) for $140.00 per share on or before 20 September. SNA closed at $155.92 per share on the date of my trade:

Open Date :  2019-05-20
Expiration Date :  2019-09-20    Number of Days in Trade : 123
Price at Close :  $155.92 per shareDiscount at Strike Price : 10.21%
Strike Price :  $140.00 per share
Number of Contracts : 1Number of Shares :100
Put Premium :  $2.60 per shareOptions Income : $260.00
Commission : -$1.10
Net Premium :  $2.589 per shareNet Options Income : $258.90
Options Yield :  1.66%Annualized Options Yield : 4.93%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $137.39Discount if Exercised : 11.88%

This put option trade yields 1.66%, or 4.93% on an annualized basis. At $155.92 per share, SNA yields 1.26%, so I'm boosting dividend income by a factor of 3.92. If the option is exercised, I'll buy 100 shares at a cost basis of $137.39 per share, a discount of 11.88%.


#349 : 2019-05-22: Sold to Open 2 Contracts of Option ADM Sep 20 2019 35.00 P

I'm willing to buy 200 shares of Archer-Daniels-Midland (ADM) for $35.00 per share on or before 20 September. ADM closed at $39.92 per share on the date of my trade:

Open Date :  2019-05-22
Expiration Date :  2019-09-20    Number of Days in Trade : 121
Price at Close :  $39.92 per shareDiscount at Strike Price : 12.32%
Strike Price :  $35.00 per share
Number of Contracts : 2Number of Shares :200
Put Premium :  $0.55 per shareOptions Income : $110.00
Commission : -$0.75
Net Premium :  $0.546 per shareNet Options Income : $109.25
Options Yield :  1.37%Annualized Options Yield : 4.13%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $34.45Discount if Exercised : 13.71%

This put option trade yields 1.37%, or 4.13% on an annualized basis. At $39.92 per share, ADM yields 3.51%, so I'm boosting dividend income by a factor of 1.18. If the options are exercised, I'll buy 200 shares at a cost basis of $34.45 per share, a discount of 13.71%.


#350 : 2019-05-22: Sold to Open 2 Contracts of Option GIS Jul 19 2019 50.00 P

I'm willing to buy 200 shares of General Mills (GIS) for $50.00 per share on or before 19 July. GIS closed at $52.71 per share on the date of my trade:

Open Date :  2019-05-22
Expiration Date :  2019-07-19    Number of Days in Trade : 58
Price at Close :  $52.71 per shareDiscount at Strike Price : 5.14%
Strike Price :  $50.00 per share
Number of Contracts : 2Number of Shares :200
Put Premium :  $0.88 per shareOptions Income : $176.00
Commission : -$1.00
Net Premium :  $0.875 per shareNet Options Income : $175.00
Options Yield :  1.66%Annualized Options Yield : 10.45%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $49.12Discount if Exercised : 6.82%

This put option trade yields 1.66%, or 10.45% on an annualized basis. At $52.71 per share, GIS yields 3.72%, so I'm boosting dividend income by a factor of 2.81. If the options are exercised, I'll buy 200 shares at a cost basis of $49.12 per share, a discount of 6.82%.


#354 : 2019-05-28: Sold to Open 2 Contracts of Option DAL Sep 20 2019 50.00 P

I'm willing to buy 200 shares of Delta Air Lines (DAL) for $50.00 per share on or before 20 September. DAL closed at $53.88 per share on the date of my trade:

Open Date :  2019-05-28
Expiration Date :  2019-09-20    Number of Days in Trade : 115
Price at Close :  $53.88 per shareDiscount at Strike Price : 7.20%
Strike Price :  $50.00 per share
Number of Contracts : 2Number of Shares :200
Put Premium :  $1.55 per shareOptions Income : $310.00
Commission : -$1.00
Net Premium :  $1.545 per shareNet Options Income : $309.00
Options Yield :  2.87%Annualized Options Yield : 9.11%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $48.45Discount if Exercised : 10.09%

This put option trade yields 2.87%, or 9.11% on an annualized basis. At $53.88 per share, DAL yields 2.60%, so I'm boosting dividend income by a factor of 3.51. If the options are exercised, I'll buy 200 shares at a cost basis of $48.45 per share, a discount of 10.09%.


#355 : 2019-05-29: Sold to Open 2 Contracts of Option MS Aug 16 2019 40.00 P

I'm willing to buy 200 shares of Morgan Stanley (MS) for $40.00 per share on or before 16 August. MS closed at $42.19 per share on the date of my trade:

Open Date :  2019-05-29
Expiration Date :  2019-08-16    Number of Days in Trade : 79
Price at Close :  $42.19 per shareDiscount at Strike Price : 5.19%
Strike Price :  $40.00 per share
Number of Contracts : 2Number of Shares :200
Put Premium :  $1.31 per shareOptions Income : $262.00
Commission : -$1.00
Net Premium :  $1.305 per shareNet Options Income : $261.00
Options Yield :  3.09%Annualized Options Yield : 14.30%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $38.69Discount if Exercised : 8.31%

This put option trade yields 3.09%, or 14.30% on an annualized basis. At $42.19 per share, MS yields 2.84%, 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 $38.69 per share, a discount of 8.31%.


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%. Most of the above put options trade achieve either of these measures, although the AOS put option trade and second GIS put option trade do not.

Options Income Tally


key:  expired  •  closed  •  rolled  •  assigned  •  open 

IDDATE:NO×TICKER OPTIONINCOME( EXPENSES )ROLLEDTOTAL➤ SECURED
#3552019-05-29:-2×MS 16 Aug 2019 $40.00 P $       262.00 ( $          -1.00 )$    49,914.35 ➤ $    26,107.35 
#3542019-05-28:-2×DAL 20 Sep 2019 $50.00 P $       310.00 ( $          -1.00 )$    49,653.35 ➤ $    26,108.35 
#3532019-05-28:-2×CMCSA 17 Jan 2020 $45.00 C $       396.00 ( $          -2.58 )$    49,344.35 ➤ $    26,109.35 
#3522019-05-24:-3×SKT 17 Jan 2020 $20.00 C $       188.00 ( $          -3.30 )$    48,950.93 ➤ $    26,111.93 
#3512019-05-22:-2×SKT 17 Jan 2020 $20.00 C $       112.00 ( $          -1.59 )$    48,766.23 ➤ $    26,115.23 
#3502019-05-22:-2×GIS 19 Jul 2019 $50.00 P $       176.00 ( $          -1.00 )$    48,655.82 ➤ $    26,116.82 
#3492019-05-22:-2×ADM 20 Sep 2019 $35.00 P $       110.00 ( $          -0.75 )$    48,480.82 ➤ $    26,117.82 
#3482019-05-20:-1×SNA 20 Sep 2019 $140.00 P $       260.00 ( $          -1.10 )$    48,371.57 ➤ $    26,118.57 
#3472019-05-16:-2×GIS 18 Oct 2019 $47.50 P $       260.00 ( $          -1.60 )$    48,112.67 ➤ $    26,119.67 
#3462019-05-16:-1×AOS 18 Oct 2019 $45.00 P $       180.00 ( $          -1.10 )$    47,854.27 ➤ $    26,121.27 
#3452019-05-15:-2×WFC 18 Oct 2019 $42.50 P $       240.00 ( $          -1.00 )$    47,675.37 ➤ $    26,122.37 
#3442019-05-15:-1×TIF 16 Aug 2019 $90.00 P $       302.00 ( $          -0.65 )$    47,436.37 ➤ $    26,123.37 
#3432019-05-15:-2×SO 15 Nov 2019 $45.00 P $         88.00 ( $          -0.99 )$    47,135.02 ➤ $    26,124.02 
#3422019-05-15:-2×QCOM 18 Oct 2019 $65.00 P $       156.00 ( $          -0.99 )$    47,048.01 ➤ $    26,125.01 
#3412019-05-15:-1×INTC 20 Sep 2019 $40.00 P $       105.00 ( $          -0.80 )$    46,893.00 ➤ $    26,126.00 
#3402019-05-15:-1×DIS 19 Jul 2019 $140.00 C $       242.00 ( $          -0.80 )$    46,788.80 ➤ $    26,126.80 
#3392019-05-15:-1×AAPL 18 Jun 2021 $205.00 C $    2,323.00 ( $          -0.69 )$    46,547.60 ➤ $    26,127.60 
#3382019-04-23:-1×PG 15 Jan 2021 $105.00 C $       896.00 ( $          -0.81 )$    44,225.29 ➤ $    26,128.29 
#3372019-04-22:-1×WBA 17 Jan 2020 $65.00 C $       163.00 ( $          -0.80 )$    43,330.10 ➤ $    26,129.10 
#3362019-04-22:-2×WBA 17 Jan 2020 $65.00 C $       328.00 ( $          -0.85 )$    43,167.90 ➤ $    26,129.90 
#3352019-04-04:-1×WBA 18 Apr 2019 $55.00 P $       145.00 ( $          -3.16 )$    42,840.75 ➤ $    26,130.75 
#3342019-04-04:-1×HRL 20 Sep 2019 $45.00 C $       121.00 ( $          -0.30 )$    42,698.91 ➤ $    25,988.91 
#3332019-03-27:-1×XOM 20 Sep 2019 $85.00 C $       151.00 ( $          -0.64 )$    42,578.21 ➤ $    25,989.21 
#3322019-03-27:-2×PFE 20 Sep 2019 $45.00 C $       173.00 ( $          -0.83 )$    42,427.85 ➤ $    25,989.85 
#3312019-03-27:-2×DGX 16 Aug 2019 $95.00 C $       341.00 ( $          -1.67 )$    42,255.68 ➤ $    25,990.68 
#3302019-03-27:-2×ABBV 16 Aug 2019 $90.00 C $       264.00 ( $          -0.84 )$    41,916.35 ➤ $    25,992.35 
#3292019-03-27:-1×AAPL 16 Aug 2019 $170.00 P $       492.00 ( $          -0.55 )$    41,653.19 ➤ $    25,993.19 
#3282019-03-25:-1×VLO 21 Jun 2019 $95.00 C $       114.00 ( $          -0.79 )$    41,161.74 ➤ $    25,993.74 
#3272019-03-25:-1×VLO 17 May 2019 $80.00 P $       224.00 ( $          -0.79 )$    41,048.53 ➤ $    25,994.53 
#3262019-03-25:-1×TIF 17 May 2019 $100.00 P $       220.00 ( $      -211.48 )→ #344$    40,825.32 ➤ $    25,771.32 
#3252019-03-25:-2×GILD 16 Aug 2019 $70.00 C $       314.00 ( $          -0.99 )$    40,816.80 ➤ $    25,762.80 
#3242019-03-25:-1×DIS 21 Jun 2019 $105.00 P $       295.00 ( $        -10.46 )$    40,503.79 ➤ $    25,763.79 
#3232019-02-28:-1×MSFT 17 May 2019 $100.00 P $       105.00 ( $          -9.31 )$    40,219.25 ➤ $    25,479.25 
#3222019-02-28:-2×JPM 21 Jun 2019 $95.00 P $       294.00 ( $        -21.78 )$    40,123.56 ➤ $    25,383.56 
#3212019-02-28:-1×AAPL 17 May 2019 $155.00 P $       170.00 ( $        -68.73 )→ #329$    39,851.34 ➤ $    25,111.34 
#3202019-02-22:-1×TROW 18 Oct 2019 $110.00 C $       220.00 ( $          -1.09 )$    39,750.07 ➤ $    25,010.07 
#3192019-02-22:-2×TJX 18 Oct 2019 $60.00 C $       130.00 ( $          -0.08 )$    39,531.16 ➤ $    25,011.16 
#3182019-02-22:-3×SKT 17 Jan 2020 $25.00 C $       195.00 ( $        -39.41 )→ #352$    39,401.24 ➤ $    25,011.24 
#3172019-02-22:-1×PM 17 Jan 2020 $105.00 C $         95.00 ( $          -0.79 )$    39,245.65 ➤ $    24,855.65 
#3162019-02-22:-1×MSFT 18 Oct 2019 $125.00 C $       287.00 ( $          -1.09 )$    39,151.44 ➤ $    24,856.44 
#3152019-02-22:-1×MO 17 Jan 2020 $50.00 P $       448.00 ( $          -1.10 )$    38,865.53 ➤ $    24,857.53 
#3142019-02-22:-1×MO 17 Jan 2020 $50.00 P $       448.00 ( $          -1.10 )$    38,418.63 ➤ $    24,858.63 
#3132019-02-22:  2×KO 17 Jan 2020 $52.50 C $         67.00 ( $          -1.58 )$    37,971.73 ➤ $    24,859.73 
#3122019-02-22:-2×INTC 18 Oct 2019 $55.00 C $       670.00 ( $        -98.14 )$    37,906.31 ➤ $    24,861.31 
#3112019-02-22:-1×HSY 18 Apr 2019 $110.00 P $       250.00 ( $          -0.79 )$    37,334.45 ➤ $    24,289.45 
#3102019-02-20:-1×TROW 18 Oct 2019 $110.00 C $       209.00 ( $          -1.09 )$    37,085.24 ➤ $    24,040.24 
#3092019-02-20:-1×T 17 Jan 2020 $35.00 C $         52.00 ( $          -0.79 )$    36,877.33 ➤ $    24,041.33 
#3082019-02-20:-4×T 17 Jan 2020 $35.00 C $       213.00 ( $          -3.16 )$    36,826.12 ➤ $    24,042.12 
#3072019-02-20:-2×ADM 20 Sep 2019 $45.00 C $       234.00 ( $          -0.98 )$    36,616.28 ➤ $    24,045.28 
#3062019-02-07:-1×IP 17 Jan 2020 $47.50 C $       337.00 ( $          -1.09 )$    36,383.26 ➤ $    24,046.26 
#3052019-02-07:-1×INTC 14 Jan 2021 $50.00 C $       679.00 ( $          -1.10 )$    36,047.35 ➤ $    24,047.35 
#3042019-02-07:-1×AAPL 17 Jan 2020 $180.00 C $    1,380.00 ( $   -2,246.75 )→ #339$    35,369.45 ➤ $    24,048.45 
#3032019-01-24:-1×WSM 15 Feb 2019 $55.00 C $         42.00 ( $          -1.09 )$    36,236.20 ➤ $    24,915.20 
#3022019-01-24:-19×F 17 Jan 2020 $10.00 C $       722.00 ( $        -15.25 )$    36,195.29 ➤ $    24,874.29 
#3012019-01-24:-1×F 17 Jan 2020 $10.00 C $         36.00 ( $          -1.58 )$    35,488.54 ➤ $    24,889.54 
#3002019-01-24:-1×AFL 15 Jan 2021 $50.00 C $       420.00 ( $          -1.09 )$    35,454.12 ➤ $    24,891.12 
#2992019-01-24:-1×AAPL 18 Apr 2019 $170.00 C $       244.00 ( $      -812.18 )→ #304$    35,035.21 ➤ $    24,892.21 
#2982019-01-16:-1×MO 17 Jan 2020 $47.50 P $       515.00 ( $      -336.18 )→ #314$    35,603.39 ➤ $    25,460.39 
#2972019-01-16:-1×AAPL 18 Apr 2019 $155.00 P $       809.00 ( $        -12.18 )$    35,424.57 ➤ $    25,281.57 
#2962018-12-28:-1×JPM 15 Feb 2019 $105.00 C $       154.00 ( $          -1.09 )$    34,627.75 ➤ $    24,484.75 
#2952018-12-28:-1×DGX 17 May 2019 $100.00 C $         62.00 ( $        -16.09 )→ #331$    34,474.84 ➤ $    24,331.84 
#2942018-12-27:-1×WSM 15 Feb 2019 $55.00 C $         75.00 ( $          -0.34 )$    34,428.93 ➤ $    24,285.93 
#2932018-12-27:-1×JPM 15 Feb 2019 $105.00 C $         98.00 ( $          -1.09 )$    34,354.27 ➤ $    24,286.27 
#2922018-12-27:-1×IP 15 Feb 2019 $42.50 C $       105.00 ( $      -378.18 )→ #306$    34,257.36 ➤ $    24,287.36 
#2912018-12-21:-2×ADM 15 Mar 2019 $45.00 P $       851.00 ( $          -1.58 )$    34,530.54 ➤ $    24,560.54 
#2902018-12-14:-2×MO 21 Jun 2019 $60.00 C $       230.00 ( $        -21.77 )$    33,681.12 ➤ $    23,711.12 
#2892018-12-14:-1×MO 18 Jan 2019 $52.50 P $       181.00 ( $      -517.87 )→ #298$    33,472.89 ➤ $    23,502.89 
#2882018-12-14:-1×AAPL 18 Jan 2019 $160.00 P $       375.00 ( $      -507.87 )→ #297$    33,809.76 ➤ $    23,839.76 
#2872018-12-06:-1×XOM 18 Apr 2019 $85.00 C $       126.00 ( $          -7.73 )→ #333$    33,942.63 ➤ $    23,972.63 
#2862018-12-06:-2×WSM 15 Feb 2019 $60.00 C $       300.00 ( $        -71.57 )$    33,824.36 ➤ $    23,854.36 
#2852018-12-06:-2×WBA 15 Jan 2021 $85.00 C $    2,074.00 ( $      -259.04 )→ #336$    33,595.93 ➤ $    23,625.93 
#2842018-12-06:-1×VYM 18 Jan 2019 $85.00 C $         80.00 ( $          -0.34 )$    31,780.97 ➤ $    21,810.97 
#2832018-12-06:-1×VLO 15 Mar 2019 $90.00 C $       165.00 ( $          -0.79 )$    31,701.31 ➤ $    21,731.31 
#2822018-12-06:-1×TSM 19 Jul 2019 $45.00 C $         60.00 ( $          -0.34 )$    31,537.10 ➤ $    21,567.10 
#2812018-12-06:-1×TSM 19 Jul 2019 $45.00 C $         64.00 ( $          -1.09 )$    31,477.44 ➤ $    21,567.44 
#2802018-12-06:-1×TRV 18 Apr 2019 $140.00 C $       100.00 ( $          -0.34 )$    31,414.53 ➤ $    21,568.53 
#2792018-12-06:-1×TROW 18 Apr 2019 $110.00 C $       115.00 ( $        -17.43 )→ #320$    31,314.87 ➤ $    21,468.87 
#2782018-12-06:-4×TJX 17 Jan 2020 $45.00 P $    1,746.00 ( $          -4.00 )$    31,217.30 ➤ $    21,371.30 
#2772018-12-06:-4×T 21 Jun 2019 $35.00 C $       128.00 ( $        -46.58 )→ #308$    29,475.30 ➤ $    21,375.30 
#2762018-12-06:-1×SBUX 15 Feb 2019 $70.00 C $       132.00 ( $          -0.79 )$    29,393.88 ➤ $    21,293.88 
#2752018-12-06:-1×ROST 17 May 2019 $100.00 C $         85.00 ( $        -11.18 )$    29,262.67 ➤ $    21,162.67 
#2742018-12-06:-1×PM 18 Jan 2019 $80.00 P $       160.00 ( $          -0.79 )$    29,188.85 ➤ $    21,088.85 
#273b2018-12-06:-1×PG 15 Jan 2021 $95.00 C $       780.00 ( $   -1,498.38 )→ #338$    29,029.64 ➤ $    20,929.64 
#273a2018-12-06:-1×PG 15 Jan 2021 $95.00 C $       780.00 ( $   -1,641.68 )$    29,748.02 ➤ $    21,648.02 
#2722018-12-06:-2×PFE 21 Jun 2019 $50.00 C $       154.00 ( $          -6.40 )→ #332$    30,609.70 ➤ $    22,509.70 
#2712018-12-06:-2×O 21 Jun 2019 $70.00 C $       188.00 ( $            0.00 )$    30,462.10 ➤ $    22,362.10 
#2702018-12-06:-1×MSFT 15 Mar 2019 $125.00 C $       115.00 ( $          -3.88 )→ #316$    30,274.10 ➤ $    22,362.10 
#2692018-12-06:-5×MAIN 21 Jun 2019 $40.00 C $       250.00 ( $          -0.18 )$    30,162.98 ➤ $    22,250.98 
#2682018-12-06:-1×LOW 21 Jun 2019 $120.00 C $         67.00 ( $          -0.79 )$    29,913.16 ➤ $    22,251.16 
#2672018-12-06:-4×KRG 17 May 2019 $20.00 C $         60.00 ( $        -36.00 )$    29,846.95 ➤ $    22,251.95 
#2662018-12-06:-2×KO 17 May 2019 $52.50 C $       154.00 ( $          -7.75 )→ #313$    29,822.95 ➤ $    22,227.95 
#2652018-12-06:-3×KBH 19 Jul 2019 $26.00 C $       309.00 ( $      -279.81 )$    29,676.70 ➤ $    22,081.70 
#2642018-12-06:-1×JPM 18 Jan 2019 $110.00 C $       146.00 ( $        -10.17 )→ #293$    29,647.51 ➤ $    22,052.51 
#2632018-12-06:-2×INTC 15 Feb 2019 $55.00 C $       106.00 ( $          -2.53 )$    29,511.68 ➤ $    21,916.68 
#2622018-12-06:-1×HRL 21 Jun 2019 $50.00 C $       110.00 ( $          -6.63 )→ #334$    29,408.21 ➤ $    21,813.21 
#2612018-12-06:-1×ES 19 Jul 2019 $70.00 C $       270.00 ( $          -0.34 )$    29,304.84 ➤ $    21,709.84 
#2602018-12-06:-1×DGX 17 May 2019 $100.00 C $       135.00 ( $        -16.17 )→ #331$    29,035.18 ➤ $    21,440.18 
#2592018-12-06:-1×D 19 Jul 2019 $80.00 C $       130.00 ( $          -0.34 )$    28,916.35 ➤ $    21,321.35 
#2582018-12-06:-1×AFL 17 May 2019 $45.00 C $       160.00 ( $      -371.87 )→ #300$    28,786.69 ➤ $    21,321.69 
#2572018-12-06:-2×ABBV 17 May 2019 $100.00 C $       500.00 ( $        -14.01 )→ #330$    28,998.56 ➤ $    21,533.56 
#2562018-12-06:-1×AAPL 15 Feb 2019 $200.00 C $       167.00 ( $          -4.87 )→ #299$    28,512.57 ➤ $    21,047.57 
#2552018-11-01:-3×GPS 21 Jun 2019 $27.00 P $    1,004.00 ( $          -1.47 )$    28,350.44 ➤ $    20,885.44 
#2542018-11-01:-2×FL 15 Feb 2019 $45.00 P $       660.00 ( $        -13.22 )$    27,347.91 ➤ $    20,886.91 
#2532018-11-01:-2×CMCSA 21 Jun 2019 $42.50 C $       320.00 ( $      -209.85 )→ #353$    26,701.13 ➤ $    20,240.13 
#2522018-10-29:-1×IP 21 Dec 2018 $42.50 P $       162.00 ( $          -0.79 )$    26,590.98 ➤ $    20,129.98 
#2512018-10-25:-3×GILD 18 Jan 2019 $80.00 C $       304.00 ( $        -63.51 )$    26,429.77 ➤ $    19,968.77 
#250b2018-10-24:-1×F 15 Mar 2019 $10.00 C $         19.00 ( $          -6.60 )→ #301$    26,189.28 ➤ $    19,728.28 
#250a2018-10-24:-9×F 15 Mar 2019 $10.00 C $       171.00 ( $      -142.35 )$    26,176.88 ➤ $    19,715.88 
#2492018-10-23:-1×TSM 18 Jan 2019 $40.00 C $       114.00 ( $        -37.17 )→ #282$    26,148.23 ➤ $    19,687.23 
#2482018-10-19:-2×PG 18 Jan 2019 $85.00 C $       695.00 ( $   -1,623.97 )→ #273a$    26,071.40 ➤ $    19,610.40 
#2472018-10-19:-3×NKE 18 Jan 2019 $70.00 P $       558.00 ( $          -3.84 )$    27,000.37 ➤ $    20,539.37 
#2462018-10-19:-10×F 15 Mar 2019 $10.00 C $       160.00 ( $      -160.61 )$    26,446.21 ➤ $    19,985.21 
#2452018-10-12:-2×WBA 18 Jan 2019 $72.50 C $       615.00 ( $   -2,046.00 )→ #285$    26,446.82 ➤ $    19,985.82 
#2442018-10-12:-1×JNJ 17 Jan 2020 $150.00 C $       518.00 ( $          -0.64 )$    27,877.82 ➤ $    21,416.82 
#2432018-10-12:-2×ALK 18 Apr 2019 $62.50 P $    1,106.00 ( $      -521.75 )$    27,360.46 ➤ $    21,417.46 
#2422018-10-12:-2×XEL 21 Dec 2018 $45.00 P $       120.00 ( $        -18.00 )$    26,776.21 ➤ $    20,833.21 
#2412018-10-12:-1×VZ 16 Nov 2018 $52.50 P $       115.00 ( $        -10.87 )$    26,674.21 ➤ $    20,731.21 
#2402018-10-12:-2×TSM 16 Nov 2018 $36.00 P $       100.00 ( $          -1.57 )$    26,570.08 ➤ $    20,627.08 
#2392018-10-12:-2×SBUX 17 Jan 2020 $55.00 P $       966.00 ( $          -0.84 )$    26,471.65 ➤ $    20,528.65 
#2382018-10-12:  2×SBUX 17 Jan 2020 $75.00 C $           0.00 ( $      -186.82 )$    25,506.49 ➤ $    20,529.49 
#2372018-10-12:-2×HRL 21 Dec 2018 $37.50 P $       160.00 ( $        -18.60 )$    25,693.31 ➤ $    20,716.31 
#2362018-10-12:-2×AFL 18 Jan 2019 $42.50 P $       252.00 ( $        -20.15 )$    25,551.91 ➤ $    20,574.91 
#2352018-10-02:-5×FLO 16 Nov 2018 $17.50 P $       150.00 ( $        -46.51 )$    25,320.06 ➤ $    20,343.06 
#2342018-10-02:-2×FL 16 Nov 2018 $50.00 P $       620.00 ( $      -599.68 )→ #254$    25,216.57 ➤ $    20,239.57 
#2332018-10-02:-2×ALK 21 Dec 2018 $65.00 P $       570.00 ( $   -1,047.73 )→ #243$    25,196.25 ➤ $    20,219.25 
#2322018-09-05:  1×MGM 17 Jan 2020 $28.00 P $       405.00 ( $          -0.64 )$    25,673.98 ➤ $    20,696.98 
#2312018-09-05:-1×GILD 16 Nov 2018 $85.00 C $         44.00 ( $        -12.14 )→ #251$    25,269.62 ➤ $    20,697.62 
#2302018-08-28:-4×TJX 18 Apr 2019 $50.00 P $       499.00 ( $   -1,829.58 )→ #278$    25,237.76 ➤ $    20,665.76 
#2292018-08-28:-2×TJX 18 Apr 2019 $55.00 C $       572.00 ( $        -40.29 )$    26,568.34 ➤ $    21,996.34 
#2282018-08-28:-2×TGT 19 Oct 2018 $80.00 P $       123.00 ( $          -0.82 )$    26,036.63 ➤ $    21,464.63 
#2272018-08-28:-3×NKE 19 Oct 2018 $75.00 P $       183.00 ( $        -91.65 )→ #247$    25,914.45 ➤ $    21,342.45 
#2262018-08-28:-10×F 18 Jan 2019 $11.00 C $       216.00 ( $        -81.06 )→ #250$    25,823.10 ➤ $    21,251.10 
#2252018-08-17:-2×CMCSA 16 Nov 2018 $37.50 C $       181.00 ( $      -264.09 )→ #253$    25,688.16 ➤ $    21,116.16 
#2242018-08-10:-10×F 18 Jan 2019 $11.00 C $       210.00 ( $        -65.61 )→ #246$    25,771.25 ➤ $    21,199.25 
#2232018-08-06:-1×UNP 19 Oct 2018 $140.00 P $       172.00 ( $          -1.59 )$    25,626.86 ➤ $    21,054.86 
#2222018-08-06:-1×HON 21 Sep 2018 $145.00 P $         75.00 ( $          -1.09 )$    25,456.45 ➤ $    20,884.45 
#2212018-08-06:-1×HD 21 Sep 2018 $185.00 P $       177.00 ( $          -0.79 )$    25,382.54 ➤ $    20,810.54 
#2202018-08-06:-1×CVS 21 Sep 2018 $65.00 P $       222.00 ( $          -0.84 )$    25,206.33 ➤ $    20,634.33 
#2192018-08-06:-2×CSCO 19 Oct 2018 $40.00 P $       124.00 ( $          -2.57 )$    24,985.17 ➤ $    20,413.17 
#2182018-08-06:-2×BBY 21 Sep 2018 $70.00 P $       324.00 ( $          -0.98 )$    24,863.74 ➤ $    20,291.74 
#2172018-08-06:-2×ADM 21 Dec 2018 $45.00 P $       124.00 ( $      -671.30 )→ #291$    24,540.72 ➤ $    19,968.72 
#2162018-07-30:-1×MGM 21 Sep 2018 $31.00 P $       144.00 ( $      -350.42 )→ #232$    25,088.02 ➤ $    20,516.02 
#2152018-07-26:-1×MKC 21 Dec 2018 $115.00 P $       353.00 ( $        -20.45 )$    25,294.44 ➤ $    20,722.44 
#2142018-07-20:-2×WSM 16 Nov 2018 $60.00 P $       717.00 ( $            0.00 )$    24,961.89 ➤ $    20,389.89 
#2132018-07-18:-1×HSY 24 Aug 2018 $91.00 P $       229.00 ( $          -0.62 )$    24,244.89 ➤ $    19,672.89 
#2122018-06-20:-2×SBUX 17 Jan 2020 $50.00 P $       915.00 ( $      -153.55 )$    24,016.51 ➤ $    19,444.51 
#2112018-06-20:-1×HSY 20 Jul 2018 $92.00 P $       194.00 ( $        -65.41 )→ #213$    23,255.06 ➤ $    18,683.06 
#2102018-06-20:-3×GIS 17 Jan 2020 $42.50 P $    1,224.00 ( $          -1.49 )$    23,126.47 ➤ $    18,554.47 
#2092018-06-20:  3×GIS 17 Jan 2020 $60.00 C $           0.00 ( $      -235.46 )$    21,903.96 ➤ $    18,555.96 
#2082018-06-14:-2×TGT 19 Oct 2018 $70.00 P $       355.00 ( $        -20.43 )→ #228$    22,139.42 ➤ $    18,791.42 
#2072018-06-14:-3×NKE 19 Oct 2018 $65.00 P $       264.00 ( $        -31.18 )→ #227$    21,804.85 ➤ $    18,456.85 
#2062018-06-14:-20×F 18 Jan 2019 $12.00 C $    1,383.00 ( $      -306.09 )$    21,572.03 ➤ $    18,224.03 
#2052018-06-14:-2×WBA 19 Oct 2018 $70.00 C $       288.00 ( $      -413.80 )→ #245$    20,495.12 ➤ $    17,147.12 
#2042018-06-14:-1×TSM 18 Jan 2019 $45.00 C $         55.00 ( $          -5.67 )$    20,620.92 ➤ $    17,272.92 
#2032018-06-14:-1×TRV 19 Oct 2018 $140.00 C $       124.00 ( $          -1.09 )$    20,571.59 ➤ $    17,223.59 
#2022018-06-14:-2×TJX 19 Oct 2018 $52.50 C $         90.00 ( $      -398.62 )→ #229$    20,448.68 ➤ $    17,100.68 
#2012018-06-14:-2×T 19 Oct 2018 $36.00 C $         94.00 ( $          -1.58 )$    20,757.30 ➤ $    17,409.30 
#2002018-06-14:-1×RDS.B 18 Jan 2019 $80.00 C $       115.00 ( $        -30.67 )$    20,664.88 ➤ $    17,316.88 
#1992018-06-14:-2×PG 19 Oct 2018 $85.00 C $         74.00 ( $      -233.80 )→ #248$    20,580.55 ➤ $    17,232.55 
#1982018-06-14:-1×LOW 18 Jan 2019 $120.00 C $       110.00 ( $        -10.57 )$    20,740.35 ➤ $    17,392.35 
#1972018-06-14:-1×JNJ 21 Dec 2018 $135.00 C $       150.00 ( $      -407.72 )→ #244$    20,640.92 ➤ $    17,292.92 
#1962018-06-14:-2×GILD 16 Nov 2018 $85.00 C $       166.00 ( $        -23.68 )→ #251$    20,898.64 ➤ $    17,550.64 
#1952018-06-14:-2×DIS 19 Oct 2018 $125.00 C $       116.00 ( $          -1.58 )$    20,756.32 ➤ $    17,408.32 
#1942018-06-14:-2×CMCSA 17 Aug 2018 $35.00 C $       164.00 ( $        -85.40 )→ #225$    20,641.90 ➤ $    17,293.90 
#1932018-06-14:-1×BUD 21 Dec 2018 $115.00 C $         85.00 ( $        -12.57 )$    20,563.30 ➤ $    17,215.30 
#1922018-06-14:-1×AAPL 20 Jul 2018 $200.00 C $       122.00 ( $          -1.09 )$    20,490.87 ➤ $    17,142.87 
#1912018-06-12:-2×TPR 20 Jul 2018 $45.00 P $       140.00 ( $          -8.76 )$    20,369.96 ➤ $    17,021.96 
#1902018-06-12:-1×MKC 21 Sep 2018 $100.00 P $       185.00 ( $        -18.36 )→ #215$    20,238.72 ➤ $    16,890.72 
#1892018-06-12:-2×AEO 17 Aug 2018 $24.00 P $       180.00 ( $          -9.17 )$    20,072.08 ➤ $    16,724.08 
#1882018-05-24:-2×WSM 17 Aug 2018 $47.50 P $       240.00 ( $        -12.08 )→ #214$    19,901.25 ➤ $    16,553.25 
#1872018-05-24:-4×TJX 19 Oct 2018 $41.25 P $       380.00 ( $        -17.28 )→ #230$    19,673.33 ➤ $    16,325.33 
#1862018-05-24:-2×TGT 20 Jul 2018 $67.50 P $       224.00 ( $        -32.79 )→ #208$    19,310.61 ➤ $    15,962.61 
#1852018-05-24:-2×HSY 15 Jun 2018 $91.00 P $       236.00 ( $          -0.74 )$    19,119.40 ➤ $    15,771.40 
#1842018-05-11:-1×WMT 21 Jun 2019 $82.50 P $       667.00 ( $        -93.42 )$    18,884.14 ➤ $    15,536.14 
#1832018-05-11:-1×VLO 17 Jan 2020 $90.00 C $    2,935.00 ( $      -701.77 )$    18,310.56 ➤ $    14,962.56 
#1822018-05-11:-1×PG 17 Jan 2020 $72.50 P $       633.00 ( $      -179.71 )$    16,077.33 ➤ $    12,729.33 
#1812018-05-11:-1×MO 21 Jun 2019 $55.00 P $       579.00 ( $      -562.72 )→ #315$    15,624.04 ➤ $    12,276.04 
#1802018-05-11:-3×GPS 21 Dec 2018 $29.00 P $       912.00 ( $      -886.90 )→ #255$    15,607.76 ➤ $    12,259.76 
#1792018-05-11:-2×DIS 17 Jan 2020 $100.00 P $    1,845.00 ( $          -1.15 )$    15,582.66 ➤ $    12,234.66 
#1782018-05-11:  2×DIS 17 Jan 2020 $130.00 C $           0.00 ( $      -712.11 )$    13,738.81 ➤ $    12,235.81 
#1772018-04-20:-3×GLW 18 Jan 2019 $27.00 P $       618.00 ( $      -102.32 )$    14,450.92 ➤ $    12,947.92 
#1762018-04-20:-1×PG 18 Jan 2019 $77.50 P $       627.00 ( $      -672.25 )→ #182$    13,935.24 ➤ $    12,432.24 
#1752018-04-20:-1×MO 20 Jul 2018 $60.00 P $       438.00 ( $      -505.25 )→ #181$    13,980.49 ➤ $    12,477.49 
#1742018-04-20:-3×KBH 18 Jan 2019 $30.00 P $    1,494.00 ( $          -1.46 )$    14,047.74 ➤ $    12,544.74 
#1732018-04-06:-1×WMT 18 May 2018 $87.50 P $       304.00 ( $      -508.25 )→ #184$    12,555.20 ➤ $    11,052.20 
#1722018-04-06:-2×DIS 18 May 2018 $110.00 C $       116.00 ( $          -1.38 )$    12,759.45 ➤ $    11,256.45 
#1712018-03-23:-3×XLRE 18 May 2018 $29.00 P $       120.00 ( $          -0.18 )$    12,644.83 ➤ $    11,141.83 
#1702018-03-23:-2×APC 18 May 2018 $57.50 P $       290.00 ( $          -0.99 )$    12,525.01 ➤ $    11,022.01 
#1692018-03-22:-3×PFE 18 May 2018 $34.00 P $       141.00 ( $          -1.47 )$    12,236.00 ➤ $    10,733.00 
#1682018-03-22:-3×GPS 18 May 2018 $31.00 P $       447.00 ( $      -551.90 )→ #180$    12,096.47 ➤ $    10,593.47 
#1672018-03-14:-6×WEN 18 May 2018 $16.00 P $       270.00 ( $          -0.25 )$    12,201.37 ➤ $    10,698.37 
#1662018-03-14:-2×STLD 18 May 2018 $46.00 P $       410.00 ( $          -0.69 )$    11,931.62 ➤ $    10,428.62 
#1652018-03-14:-1×RS 20 Apr 2018 $87.50 P $       170.00 ( $          -0.34 )$    11,522.31 ➤ $    10,019.31 
#1642018-03-14:-3×PFE 15 Jun 2018 $34.00 P $       150.00 ( $          -1.47 )$    11,352.65 ➤ $      9,849.65 
#1632018-03-14:10×NEE 20 Apr 2018 $150.00 P $           0.00 ( $   -1,055.63 )$    11,204.12 ➤ $      9,701.12 
#1622018-03-14:-10×NEE 20 Apr 2018 $155.00 P $    2,153.00 ( $          -5.70 )$    12,259.75 ➤ $    10,756.75 
#1612018-03-14:-2×KMB 17 Jan 2020 $100.00 P $    1,503.00 ( $          -0.11 )$    10,112.45 ➤ $      8,609.45 
#1602018-03-14:  2×KMB 17 Jan 2020 $135.00 C $           0.00 ( $      -783.14 )$      8,609.56 ➤ $      8,609.56 

key:
  expired  •  closed  •  rolled  •  assigned  •  open 

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.

June 2019

#3282019-03-25:-1×VLO 21 Jun 2019 $95.00 C $    114.00 ( $ -0.79 )
→ Out of the money with a  19% safety margin 
#2712018-12-06:-2×O 21 Jun 2019 $70.00 C $    188.00 ( $  0.00 )
→ In the money by  3% — caution!  
#2692018-12-06:-5×MAIN 21 Jun 2019 $40.00 C $    250.00 ( $ -0.18 )
→ In the money by  2% — caution!  
#2682018-12-06:-1×LOW 21 Jun 2019 $120.00 C $      67.00 ( $ -0.79 )
→ Out of the money with a  19% safety margin 
#2552018-11-01:-3×GPS 21 Jun 2019 $27.00 P $ 1,004.00 ( $ -1.47 )
→ In the money by  31% — caution!   

July 2019:

#3502019-05-22:-2×GIS 19 Jul 2019 $50.00 P $ 176.00 ( $ -1.00 )
→ In the money with a  3% safety margin  
#3402019-05-15:-1×DIS 19 Jul 2019 $140.00 C $ 242.00 ( $ -0.80 )
→ Out of the money with a  2% safety margin  
#2822018-12-06:-1×TSM 19 Jul 2019 $45.00 C $   60.00 ( $ -0.34 )
→ Out of the money with a  10% safety margin  
#2812018-12-06:-1×TSM 19 Jul 2019 $45.00 C $   64.00 ( $ -1.09 )
→ Out of the money with a  10% safety margin  
#2592018-12-06:-1×D 19 Jul 2019 $80.00 C $  130.00 ( $ -0.34 )
→ Out of the money with a  6% safety margin 

Two options are in the money, one is at the money, and several are out of the money with small margins of safety, so I'll have to monitor these carefully as the options expiration dates approach.

Concluding Remarks


My options goal in 2019 is to collect a total of $21,000 at an average of $1,750 per month.


Total
Options Income
Secured
Options Income
This Month:
$  49,914
$  25,883
Last Month:
$  47,035
$  25,574
Difference:
 $    2,879 
$       309


After collecting $2,879 in options income in May, my year to date total is $7,122. This averages just more than $1,424 per month, which is still short of the desired monthly average of $1,750.

While DivGro's focus will continue to be dividend growth investing, options trading certainly is contributing positively to my portfolio's performance.

In 36 months of options trading, I've collected options income totaling $49,914. Over the same period, my dividend income totals $53,528. So about 48% of DivGro's total income over this period comes from options trading!

The exciting thing about collecting options income is that I immediately can deploy that income to buy more dividend growth stocks and so boost DivGro's ability to generate dividend income. 

Thanks for reading! Please subscribe to receive an e-mail whenever I post new articles. 
Feel free to comment on this article — I'll do my best to respond
to each comment as quickly as possible.

4 comments :

  1. I'm appreciate your writing skill. Please keep on working hard. Thanks for sharing.

    ReplyDelete
    Replies
    1. Thanks, Clipping -- an I appreciate your comment! Please do so again in future!

      Delete
  2. Gogogogogogogo! I'm doing more spreads and less covered calls these days to better define my downside risk. It is working out pretty well. Winter is coming to the markets and I want to weather the storm intact.

    ReplyDelete
    Replies
    1. Thanks for your comment -- spreads are good for exactly that reason. And, yes, winter is coming and we need to be prepared for that!

      Delete

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