Saturday, July 6, 2019

Options Update: June 2019

I write monthly options update articles to summarize options trades and to keep track of options income. The updates serve as a status report on open options and potential obligations.

My monthly target for options income is $1,750 and I'm happy to report that June's total exceeded that target. However, I'm still a little behind the pace needed to collect $21,000 in options income in 2019.

This month I'm reporting on now fewer than three assignments, plus a couple of expirations and several income-generating trades.

Recap


Through the end of May 2019, I collected options income totaling $7,122 in 2019 at an average of about $1,424 per month. This was still short of my monthly target average of $1,750. 

Below is a snapshot of June's trades, which included three assignments, two expirations, a few trades in which I rolled forward options, and several trades in which I sold options for income.


Assigned Options


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

#2552018-11-01:-3×GPS 21 Jun 2019 $27.00 P $ 1,004.00 ( $ -1.47 )
#2692018-12-06:-5×MAIN 21 Jun 2019 $40.00 C $    250.00 ( $ -0.18 )
#2712018-12-06:-2×O 21 Jun 2019 $70.00 C $    188.00 ( $  0.00 )

I had to buy 300 shares of The Gap (GPS) when the June $27 put options I'd sold were exercised early. On the day of the assignment, GPS closed at $18.79 per share. Unfortunately, this means that I've been handed an unrealized loss of $2,463—somewhat softened by the $1,003 in options income collected for selling the shares.

GPS reported poor Q1-2019 results, reflecting soft top-line growth and comparable sales as well as lower margins. Management lowered its earnings outlook for fiscal 2019, noting that the trade war with China may impact results going forward.

Getting assigned under such circumstances is never pleasant, but that's part and parcel of put selling. I'll monitor the stock closely in case the outlook deteriorates. If that happens, I'll have to accept the loss and sell the shares. Meanwhile, I'll collect the dividends ($291 annually) and sell covered calls to boost my income.

Main Street Capital (MAIN) is trading near its 52-week high and the stock's current yield is a bit below its 5-year average.


Source: Simply Safe Dividends

I decided to "allow" the June $40 covered calls to be assigned (rather than trying to roll them forward) and, consequently, sold 500 of my 750 MAIN shares. I'm happy with my investment in MAIN, which generated gains totaling $3,645 or 20% on my original investment (15% annualized).

As a result of this trade, DivGro's projected annual dividend income (PADI) will take a bit of a knock! I'll be collecting $1,200 less as a result. On the other hand, my remaining 250 shares will have a reduced average cost basis of $22.96 and deliver dividends totaling at least $600 per year. The average yield on cost (YoC) is 10.5%!

I also decided to sell 200 of my 250 Realty Income (O) shares by "allowing" the June $70 covered calls to expire and be assigned. This investment turned out even better, as I generated total gains of $3,187 or 28% on my original investment, which is 31% annualized.

DivGro's PADI will be reduced by $720 as a result of this trade and my remaining shares will have an average cost basis of $47.36 per share and an average YoC of 5.74%.

O is trading near its 52-week high and the stock's current yield is quite a bit lower than its 5-year average, an indication that the stock is trading at a premium to fair value. Notice also the higher than average current P/AFFO ratio.

Source: Simply Safe Dividends

Expired Options


In June, the following option expired:

#3282019-03-25:-1×VLO 21 Jun 2019 $95.00 C $ 114.00 ( $ -0.79 )
#2682018-12-06:-1×LOW 21 Jun 2019 $120.00 C $   67.00 ( $ -0.79 )

On 21 June, Valero Energy (VLO) closed at $81.91 per share, well below the $95 strike price of the June call I'd sold. So the covered call expired and I no longer have the obligation to sell 100 VLO shares.

Also On 21 June, Lowe's (LOW) closed at $100.84 per share, well below the $120 strike price of the June call I'd sold. So the covered call expired and I no longer have the obligation to sell 100 LOW shares.

I secured options income totaling $179 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 didn't close any options early this month.

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:

#3592019-06-28:-1×TSM 17 Jan 2020 $45.00 C $ 105.00 ( $   -0.30 )
#2822018-12-06:-1×TSM 19 Jul 2019 $45.00 C $   60.00 ( $   -5.63 )→ #359
#3582019-06-28:-2×ABBV 15 Nov 2019 $80.00 C $ 303.00 ( $   -0.85 )
#3302019-03-27:-2×ABBV 16 Aug 2019 $90.00 C $ 264.00 ( $ -22.68 )→ #358

On 28 June, Taiwan Semiconductor Manufacturing (TSM) closed at $39.17 per share, meaning the July 2019, $45 covered calls I'd sold were out of the money. I decided to roll forward the options to January 2020. In the process, I secured about $54 in options income and I collected an additional %105 for selling the January 2020, $45 covered call.

AbbVie (ABBV) closed at $72,72 on 28 June, so the $90, August 2019, calls I'd sold on ABBV were deep out of the money. I decided to roll forward the options to November 2019 and simultaneously to lower the strike price to $80. Doing so secured about $241 in options income and I collected another $302 for selling the November 2019, $80 covered calls.

Covered Calls


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

I sold the following covered call in June:

#3572019-06-21:-3×GPS 17 Jan 2020 $20.00 C $ 345.00 ( $ -1.49 )


#357 : 2019-06-21: Sold to Open 3 Contracts of Option GPS Jan 17 2020 20.00 C

I own 300 shares of The Gap (GPS) at a cost basis of $27.00 per share. I'm willing to sell these shares for $20.00 on or before 17 January:

Open Date :  2019-06-21
Expiration Date :  17Jan2020    Number of Days in Trade : 210
Cost Basis :  $27.00 per shareGain at Strike Price : -25.93%
Strike Price :  $20.00 per share
Number of Contracts : 3Number of Shares :300
Call Premium :  $1.15 per shareOptions Income : $345.00
Commission : -$1.49
Net Premium :  $1.145 per shareNet Options Income : $343.51
Options Yield :  4.24%Annualized Options Yield : 7.38%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $25.85Gain if Exercised : -22.62%

This covered call yields 4.24%, or 7.38% on an annualized basis. The yield on cost of my GPS position is 3.59%, so I'm boosting dividend income by a factor of 2.05. If the options are exercised, I'll sell 300 shares of GPS at a reduced cost basis of $25.85 per share, for a capital loss of 22.62%.


For covered calls, I think an achievable goal is to earn double the dividend yield. The GPS covered call trade meets this goal!

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 June:

#3662019-06-28:-1×WMT 20 Dec 2019 $100.00 P $ 213.00 ( $ -0.80 )
#3652019-06-28:-1×UTX 15 Nov 2019 $115.00 P $ 222.00 ( $ -0.80 )
#3642019-06-28:-2×PEP 18 Oct 2019 $110.00 P $ 118.00 ( $ -0.99 )
#3632019-06-28:-2×EMR 20 Dec 2019 $60.00 P $ 374.00 ( $  0.00 )
#3622019-06-28:-2×CL 15 Nov 2019 $65.00 P $ 248.00 ( $ -1.00 )
#3612019-06-28:-3×BEN 17 Jan 2020 $30.00 P $ 261.00 ( $  0.00 )
#3602019-06-28:-2×ABBV 15 Nov 2019 $60.00 P $ 224.00 ( $ -1.00 )
#3562019-06-21:-1×CSCO 18 Oct 2019 $52.50 P $ 120.00 ( $ -1.10 )

#356 : 2019-06-21: Sold to Open 1 Contract of Option CSCO Oct 18 2019 52.50 P

I'm willing to buy 100 shares of Cisco Systems (CSCO) for $52.50 per share on or before 18 October. CSCO closed at $57.03 per share on the date of my trade:

Open Date :  2019-06-21
Expiration Date :  2019-10-18    Number of Days in Trade : 119
Price at Close :  $57.03 per shareDiscount at Strike Price : 7.94%
Strike Price :  $52.50 per share
Number of Contracts : 1Number of Shares :100
Put Premium :  $1.20 per shareOptions Income : $120.00
Commission : -$1.10
Net Premium :  $1.189 per shareNet Options Income : $118.90
Options Yield :  2.08%Annualized Options Yield : 6.40%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $51.29Discount if Exercised : 10.07%

This put option trade yields 2.08%, or 6.40% on an annualized basis. At $57.03 per share, CSCO yields 2.45%, so I'm boosting dividend income by a factor of 2.61. If the option is exercised, I'll buy 100 shares at a cost basis of $51.29 per share, a discount of 10.07%.


#360 : 2019-06-28: Sold to Open 2 Contracts of Option ABBV Nov 15 2019 60.00 P

I'm willing to buy 200 shares of AbbVie (ABBV) for $60.00 per share on or before 15 November. ABBV closed at $72.72 per share on the date of my trade:

Open Date :  2019-06-28
Expiration Date :  2019-11-15    Number of Days in Trade : 140
Price at Close :  $72.72 per shareDiscount at Strike Price : 17.49%
Strike Price :  $60.00 per share
Number of Contracts : 2Number of Shares :200
Put Premium :  $1.12 per shareOptions Income : $224.00
Commission : -$1.00
Net Premium :  $1.115 per shareNet Options Income : $223.00
Options Yield :  1.53%Annualized Options Yield : 4.00%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $58.88Discount if Exercised : 19.04%

This put option trade yields 1.53%, or 4.00% on an annualized basis. At $72.72 per share, ABBV yields 5.89%, so I'm boosting dividend income by a factor of 0.68. If the options are exercised, I'll buy 200 shares at a cost basis of $58.88 per share, a discount of 19.04%.


#361 : 2019-06-28: Sold to Open 3 Contracts of Option BEN Jan 17 2020 30.00 P

I'm willing to buy 200 shares of Franklin Resources (BEN) for $30.00 per share on or before 17 January 2020. BEN closed at $34.80 per share on the date of my trade:

Open Date :  2019-06-28
Expiration Date :  2020-01-17    Number of Days in Trade : 203
Price at Close :  $34.80 per shareDiscount at Strike Price : 13.79%
Strike Price :  $30.00 per share
Number of Contracts : 3Number of Shares :300
Put Premium :  $0.87 per shareOptions Income : $261.00
Commission : $0.00
Net Premium :  $0.870 per shareNet Options Income : $261.00
Options Yield :  2.50%Annualized Options Yield : 4.50%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $29.13Discount if Exercised : 16.29%

This put option trade yields 2.50%, or 4.50% on an annualized basis. At $34.80 per share, BEN yields 2.99%, so I'm boosting dividend income by a factor of 1.51. If the options are exercised, I'll buy 300 shares at a cost basis of $29.13 per share, a discount of 16.29%.


#362 : 2019-06-28: Sold to Open 2 Contracts of Option CL Nov 15 2019 65.00 P

I'm willing to buy 200 shares of Colgate-Palmolive (CL) for $65.00 per share on or before 15 November. CL closed at $70.03 per share on the date of my trade:

Open Date :  2019-06-28
Expiration Date :  2019-11-15    Number of Days in Trade : 140
Price at Close :  $70.03 per shareDiscount at Strike Price : 7.18%
Strike Price :  $65.00 per share
Number of Contracts : 2Number of Shares :200
Put Premium :  $1.24 per shareOptions Income : $248.00
Commission : -$1.00
Net Premium :  $1.235 per shareNet Options Income : $247.00
Options Yield :  1.76%Annualized Options Yield : 4.60%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $63.76Discount if Exercised : 8.96%

This put option trade yields 1.76%, or 4.60% on an annualized basis. At $70.03 per share, CL yields 2.46%, so I'm boosting dividend income by a factor of 1.87. If the options are exercised, I'll buy 200 shares at a cost basis of $63.76 per share, a discount of 8.96%.


#364 : 2019-06-28: Sold to Open 2 Contracts of Option EMR Dec 20 2019 60.00 P

I'm willing to buy 200 shares of Emerson Electric (EMR) for $60.00 per share on or before 20 December. EMR closed at $66.72 per share on the date of my trade:

Open Date :  2019-06-28
Expiration Date :  2019-12-20    Number of Days in Trade : 175
Price at Close :  $66.72 per shareDiscount at Strike Price : 10.07%
Strike Price :  $60.00 per share
Number of Contracts : 2Number of Shares :200
Put Premium :  $1.87 per shareOptions Income : $374.00
Commission : $0.00
Net Premium :  $1.870 per shareNet Options Income : $374.00
Options Yield :  2.80%Annualized Options Yield : 5.85%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $58.13Discount if Exercised : 12.87%

This put option trade yields 2.80%, or 5.85% on an annualized basis. At $66.72 per share, EMR yields 2.94%, so I'm boosting dividend income by a factor of 1.99. If the options are exercised, I'll buy 200 shares at a cost basis of $58.13 per share, a discount of 12.87%.


#365 : 2019-06-28: Sold to Open 1 Contract of Option UTX Nov 15 2019 115.00 P

I'm willing to buy 100 shares of United Technologies (UTX) for $115.00 per share on or before 15 November. UTX closed at $130.20 per share on the date of my trade:

Open Date :  2019-06-28
Expiration Date :  2019-11-15    Number of Days in Trade : 140
Price at Close :  $130.20 per shareDiscount at Strike Price : 11.67%
Strike Price :  $115.00 per share
Number of Contracts : 1Number of Shares :100
Put Premium :  $2.22 per shareOptions Income : $222.00
Commission : -$0.80
Net Premium :  $2.212 per shareNet Options Income : $221.20
Options Yield :  1.70%Annualized Options Yield : 4.43%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $112.77Discount if Exercised : 13.39%

This put option trade yields 1.70%, or 4.43% on an annualized basis. At $130.20 per share, UTX yields 2.26%, so I'm boosting dividend income by a factor of 1.96. If the option is exercised, I'll buy 100 shares at a cost basis of $112.77 per share, a discount of 13.39%.


#366 : 2019-06-28: Sold to Open 1 Contract of Option WMT Dec 20 2019 100.00 P

I'm willing to buy 100 shares of WalMart (WMT) for $100.00 per share on or before 20 December. WMT closed at $110.49 per share on the date of my trade:

Open Date :  2019-06-28
Expiration Date :  2019-12-20    Number of Days in Trade : 175
Price at Close :  $110.49 per shareDiscount at Strike Price : 9.49%
Strike Price :  $100.00 per share
Number of Contracts : 1Number of Shares :100
Put Premium :  $2.13 per shareOptions Income : $213.00
Commission : -$0.80
Net Premium :  $2.122 per shareNet Options Income : $212.20
Options Yield :  1.92%Annualized Options Yield : 4.01%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $97.86Discount if Exercised : 11.43%

This put option trade yields 1.92%, or 4.01% on an annualized basis. At $110.49 per share, WMT yields 1.92%, so I'm boosting dividend income by a factor of 2.09. If the option is exercised, I'll buy 100 shares at a cost basis of $97.86 per share, a discount of 11.43%.


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%. Except for the CL put options trade, all of the put options trades achieve the discount goal.

Options Income Tally


key:  expired  •  closed  •  rolled  •  assigned  •  open 

IDDATE:NO×TICKER OPTIONINCOME( EXPENSES )ROLLEDTOTAL➤ SECURED
#3662019-06-28:-1×WMT 20 Dec 2019 $100.00 P $       213.00 ( $          -0.80 )$    52,411.89 ➤ $    28,018.89 
#3652019-06-28:-1×UTX 15 Nov 2019 $115.00 P $       222.00 ( $          -0.80 )$    52,199.69 ➤ $    28,019.69 
#3642019-06-28:-2×PEP 18 Oct 2019 $110.00 P $       118.00 ( $          -0.99 )$    51,978.49 ➤ $    28,020.49 
#3632019-06-28:-2×EMR 20 Dec 2019 $60.00 P $       374.00 ( $            0.00 )$    51,861.48 ➤ $    28,021.48 
#3622019-06-28:-2×CL 15 Nov 2019 $65.00 P $       248.00 ( $          -1.00 )$    51,487.48 ➤ $    28,021.48 
#3612019-06-28:-3×BEN 17 Jan 2020 $30.00 P $       261.00 ( $            0.00 )$    51,240.48 ➤ $    28,022.48 
#3602019-06-28:-2×ABBV 15 Nov 2019 $60.00 P $       224.00 ( $          -1.00 )$    50,979.48 ➤ $    28,022.48 
#3592019-06-28:-1×TSM 17 Jan 2020 $45.00 C $       105.00 ( $          -0.30 )$    50,756.48 ➤ $    28,023.48 
#3582019-06-28:-2×ABBV 15 Nov 2019 $80.00 C $       303.00 ( $          -0.85 )$    50,651.78 ➤ $    28,023.78 
#3572019-06-21:-3×GPS 17 Jan 2020 $20.00 C $       345.00 ( $          -1.49 )$    50,349.63 ➤ $    28,024.63 
#3562019-06-21:-1×CSCO 18 Oct 2019 $52.50 P $       120.00 ( $          -1.10 )$    50,006.12 ➤ $    28,026.12 
#3552019-05-29:-2×MS 16 Aug 2019 $40.00 P $       262.00 ( $          -1.00 )$    49,887.22 ➤ $    28,027.22 
#3542019-05-28:-2×DAL 20 Sep 2019 $50.00 P $       310.00 ( $          -1.00 )$    49,626.22 ➤ $    28,028.22 
#3532019-05-28:-2×CMCSA 17 Jan 2020 $45.00 C $       396.00 ( $          -2.58 )$    49,317.22 ➤ $    28,029.22 
#3522019-05-24:-3×SKT 17 Jan 2020 $20.00 C $       188.00 ( $          -3.30 )$    48,923.80 ➤ $    28,031.80 
#3512019-05-22:-2×SKT 17 Jan 2020 $20.00 C $       112.00 ( $          -1.59 )$    48,739.10 ➤ $    28,035.10 
#3502019-05-22:-2×GIS 19 Jul 2019 $50.00 P $       176.00 ( $          -1.00 )$    48,628.69 ➤ $    28,036.69 
#3492019-05-22:-2×ADM 20 Sep 2019 $35.00 P $       110.00 ( $          -0.75 )$    48,453.69 ➤ $    28,037.69 
#3482019-05-20:-1×SNA 20 Sep 2019 $140.00 P $       260.00 ( $          -1.10 )$    48,344.44 ➤ $    28,038.44 
#3472019-05-16:-2×GIS 18 Oct 2019 $47.50 P $       260.00 ( $          -1.60 )$    48,085.54 ➤ $    28,039.54 
#3462019-05-16:-1×AOS 18 Oct 2019 $45.00 P $       180.00 ( $          -1.10 )$    47,827.14 ➤ $    28,041.14 
#3452019-05-15:-2×WFC 18 Oct 2019 $42.50 P $       240.00 ( $          -1.00 )$    47,648.24 ➤ $    28,042.24 
#3442019-05-15:-1×TIF 16 Aug 2019 $90.00 P $       302.00 ( $          -0.65 )$    47,409.24 ➤ $    28,043.24 
#3432019-05-15:-2×SO 15 Nov 2019 $45.00 P $         88.00 ( $          -0.99 )$    47,107.89 ➤ $    28,043.89 
#3422019-05-15:-2×QCOM 18 Oct 2019 $65.00 P $       156.00 ( $          -0.99 )$    47,020.88 ➤ $    28,044.88 
#3412019-05-15:-1×INTC 20 Sep 2019 $40.00 P $       105.00 ( $          -0.80 )$    46,865.87 ➤ $    28,045.87 
#3402019-05-15:-1×DIS 19 Jul 2019 $140.00 C $       242.00 ( $          -0.80 )$    46,761.67 ➤ $    28,046.67 
#3392019-05-15:-1×AAPL 18 Jun 2021 $205.00 C $    2,323.00 ( $          -0.69 )$    46,520.47 ➤ $    28,047.47 
#3382019-04-23:-1×PG 15 Jan 2021 $105.00 C $       896.00 ( $          -0.81 )$    44,198.16 ➤ $    28,048.16 
#3372019-04-22:-1×WBA 17 Jan 2020 $65.00 C $       163.00 ( $          -0.80 )$    43,302.97 ➤ $    28,048.97 
#3362019-04-22:-2×WBA 17 Jan 2020 $65.00 C $       328.00 ( $          -0.85 )$    43,140.77 ➤ $    28,049.77 
#3352019-04-04:-1×WBA 18 Apr 2019 $55.00 P $       145.00 ( $          -3.16 )$    42,813.62 ➤ $    28,050.62 
#3342019-04-04:-1×HRL 20 Sep 2019 $45.00 C $       121.00 ( $          -0.30 )$    42,671.78 ➤ $    27,908.78 
#3332019-03-27:-1×XOM 20 Sep 2019 $85.00 C $       151.00 ( $          -0.64 )$    42,551.08 ➤ $    27,909.08 
#3322019-03-27:-2×PFE 20 Sep 2019 $45.00 C $       173.00 ( $          -0.83 )$    42,400.72 ➤ $    27,909.72 
#3312019-03-27:-2×DGX 16 Aug 2019 $95.00 C $       341.00 ( $          -1.67 )$    42,228.55 ➤ $    27,910.55 
#3302019-03-27:-2×ABBV 16 Aug 2019 $90.00 C $       264.00 ( $        -22.68 )→ #358$    41,889.22 ➤ $    27,912.22 
#3292019-03-27:-1×AAPL 16 Aug 2019 $170.00 P $       492.00 ( $          -0.55 )$    41,647.90 ➤ $    27,670.90 
#3282019-03-25:-1×VLO 21 Jun 2019 $95.00 C $       114.00 ( $          -0.79 )$    41,156.45 ➤ $    27,671.45 
#3272019-03-25:-1×VLO 17 May 2019 $80.00 P $       224.00 ( $          -0.79 )$    41,043.24 ➤ $    27,558.24 
#3262019-03-25:-1×TIF 17 May 2019 $100.00 P $       220.00 ( $      -211.48 )→ #344$    40,820.03 ➤ $    27,335.03 
#3252019-03-25:-2×GILD 16 Aug 2019 $70.00 C $       314.00 ( $          -0.99 )$    40,811.51 ➤ $    27,326.51 
#3242019-03-25:-1×DIS 21 Jun 2019 $105.00 P $       295.00 ( $        -10.46 )$    40,498.50 ➤ $    27,327.50 
#3232019-02-28:-1×MSFT 17 May 2019 $100.00 P $       105.00 ( $          -9.31 )$    40,213.96 ➤ $    27,042.96 
#3222019-02-28:-2×JPM 21 Jun 2019 $95.00 P $       294.00 ( $        -21.78 )$    40,118.27 ➤ $    26,947.27 
#3212019-02-28:-1×AAPL 17 May 2019 $155.00 P $       170.00 ( $        -68.73 )→ #329$    39,846.05 ➤ $    26,675.05 
#3202019-02-22:-1×TROW 18 Oct 2019 $110.00 C $       220.00 ( $          -1.09 )$    39,744.78 ➤ $    26,573.78 
#3192019-02-22:-2×TJX 18 Oct 2019 $60.00 C $       130.00 ( $          -0.08 )$    39,525.87 ➤ $    26,574.87 
#3182019-02-22:-3×SKT 17 Jan 2020 $25.00 C $       195.00 ( $        -39.41 )→ #352$    39,395.95 ➤ $    26,574.95 
#3172019-02-22:-1×PM 17 Jan 2020 $105.00 C $         95.00 ( $          -0.79 )$    39,240.36 ➤ $    26,419.36 
#3162019-02-22:-1×MSFT 18 Oct 2019 $125.00 C $       287.00 ( $          -1.09 )$    39,146.15 ➤ $    26,420.15 
#3152019-02-22:-1×MO 17 Jan 2020 $50.00 P $       448.00 ( $          -1.10 )$    38,860.24 ➤ $    26,421.24 
#3142019-02-22:-1×MO 17 Jan 2020 $50.00 P $       448.00 ( $          -1.10 )$    38,413.34 ➤ $    26,422.34 
#3132019-02-22:  2×KO 17 Jan 2020 $52.50 C $         67.00 ( $          -1.58 )$    37,966.44 ➤ $    26,423.44 
#3122019-02-22:-2×INTC 18 Oct 2019 $55.00 C $       670.00 ( $        -98.14 )$    37,901.02 ➤ $    26,425.02 
#3112019-02-22:-1×HSY 18 Apr 2019 $110.00 P $       250.00 ( $          -0.79 )$    37,329.16 ➤ $    25,853.16 
#3102019-02-20:-1×TROW 18 Oct 2019 $110.00 C $       209.00 ( $          -1.09 )$    37,079.95 ➤ $    25,603.95 
#3092019-02-20:-1×T 17 Jan 2020 $35.00 C $         52.00 ( $          -0.79 )$    36,872.04 ➤ $    25,605.04 
#3082019-02-20:-4×T 17 Jan 2020 $35.00 C $       213.00 ( $          -3.16 )$    36,820.83 ➤ $    25,605.83 
#3072019-02-20:-2×ADM 20 Sep 2019 $45.00 C $       234.00 ( $          -0.98 )$    36,610.99 ➤ $    25,608.99 
#3062019-02-07:-1×IP 17 Jan 2020 $47.50 C $       337.00 ( $          -1.09 )$    36,377.97 ➤ $    25,609.97 
#3052019-02-07:-1×INTC 14 Jan 2021 $50.00 C $       679.00 ( $          -1.10 )$    36,042.06 ➤ $    25,611.06 
#3042019-02-07:-1×AAPL 17 Jan 2020 $180.00 C $    1,380.00 ( $   -2,246.75 )→ #339$    35,364.16 ➤ $    25,612.16 
#3032019-01-24:-1×WSM 15 Feb 2019 $55.00 C $         42.00 ( $          -1.09 )$    36,230.91 ➤ $    26,478.91 
#3022019-01-24:-19×F 17 Jan 2020 $10.00 C $       722.00 ( $        -15.25 )$    36,190.00 ➤ $    26,438.00 
#3012019-01-24:-1×F 17 Jan 2020 $10.00 C $         36.00 ( $          -1.58 )$    35,483.25 ➤ $    26,453.25 
#3002019-01-24:-1×AFL 15 Jan 2021 $50.00 C $       420.00 ( $          -1.09 )$    35,448.83 ➤ $    26,454.83 
#2992019-01-24:-1×AAPL 18 Apr 2019 $170.00 C $       244.00 ( $      -812.18 )→ #304$    35,029.92 ➤ $    26,455.92 
#2982019-01-16:-1×MO 17 Jan 2020 $47.50 P $       515.00 ( $      -336.18 )→ #314$    35,598.10 ➤ $    27,024.10 
#2972019-01-16:-1×AAPL 18 Apr 2019 $155.00 P $       809.00 ( $        -12.18 )$    35,419.28 ➤ $    26,845.28 
#2962018-12-28:-1×JPM 15 Feb 2019 $105.00 C $       154.00 ( $          -1.09 )$    34,622.46 ➤ $    26,048.46 
#2952018-12-28:-1×DGX 17 May 2019 $100.00 C $         62.00 ( $        -16.09 )→ #331$    34,469.55 ➤ $    25,895.55 
#2942018-12-27:-1×WSM 15 Feb 2019 $55.00 C $         75.00 ( $          -0.34 )$    34,423.64 ➤ $    25,849.64 
#2932018-12-27:-1×JPM 15 Feb 2019 $105.00 C $         98.00 ( $          -1.09 )$    34,348.98 ➤ $    25,849.98 
#2922018-12-27:-1×IP 15 Feb 2019 $42.50 C $       105.00 ( $      -378.18 )→ #306$    34,252.07 ➤ $    25,851.07 
#2912018-12-21:-2×ADM 15 Mar 2019 $45.00 P $       851.00 ( $          -1.58 )$    34,525.25 ➤ $    26,124.25 
#2902018-12-14:-2×MO 21 Jun 2019 $60.00 C $       230.00 ( $        -21.77 )$    33,675.83 ➤ $    25,274.83 
#2892018-12-14:-1×MO 18 Jan 2019 $52.50 P $       181.00 ( $      -517.87 )→ #298$    33,467.60 ➤ $    25,066.60 
#2882018-12-14:-1×AAPL 18 Jan 2019 $160.00 P $       375.00 ( $      -507.87 )→ #297$    33,804.47 ➤ $    25,403.47 
#2872018-12-06:-1×XOM 18 Apr 2019 $85.00 C $       126.00 ( $          -7.73 )→ #333$    33,937.34 ➤ $    25,536.34 
#2862018-12-06:-2×WSM 15 Feb 2019 $60.00 C $       300.00 ( $        -71.57 )$    33,819.07 ➤ $    25,418.07 
#2852018-12-06:-2×WBA 15 Jan 2021 $85.00 C $    2,074.00 ( $      -259.04 )→ #336$    33,590.64 ➤ $    25,189.64 
#2842018-12-06:-1×VYM 18 Jan 2019 $85.00 C $         80.00 ( $          -0.34 )$    31,775.68 ➤ $    23,374.68 
#2832018-12-06:-1×VLO 15 Mar 2019 $90.00 C $       165.00 ( $          -0.79 )$    31,696.02 ➤ $    23,295.02 
#2822018-12-06:-1×TSM 19 Jul 2019 $45.00 C $         60.00 ( $          -5.63 )→ #359$    31,531.81 ➤ $    23,130.81 
#2812018-12-06:-1×TSM 19 Jul 2019 $45.00 C $         64.00 ( $          -1.09 )$    31,477.44 ➤ $    23,076.44 
#2802018-12-06:-1×TRV 18 Apr 2019 $140.00 C $       100.00 ( $          -0.34 )$    31,414.53 ➤ $    23,077.53 
#2792018-12-06:-1×TROW 18 Apr 2019 $110.00 C $       115.00 ( $        -17.43 )→ #320$    31,314.87 ➤ $    22,977.87 
#2782018-12-06:-4×TJX 17 Jan 2020 $45.00 P $    1,746.00 ( $          -4.00 )$    31,217.30 ➤ $    22,880.30 
#2772018-12-06:-4×T 21 Jun 2019 $35.00 C $       128.00 ( $        -46.58 )→ #308$    29,475.30 ➤ $    22,884.30 
#2762018-12-06:-1×SBUX 15 Feb 2019 $70.00 C $       132.00 ( $          -0.79 )$    29,393.88 ➤ $    22,802.88 
#2752018-12-06:-1×ROST 17 May 2019 $100.00 C $         85.00 ( $        -11.18 )$    29,262.67 ➤ $    22,671.67 
#2742018-12-06:-1×PM 18 Jan 2019 $80.00 P $       160.00 ( $          -0.79 )$    29,188.85 ➤ $    22,597.85 
#273b2018-12-06:-1×PG 15 Jan 2021 $95.00 C $       780.00 ( $   -1,498.38 )→ #338$    29,029.64 ➤ $    22,438.64 
#273a2018-12-06:-1×PG 15 Jan 2021 $95.00 C $       780.00 ( $   -1,641.68 )$    29,748.02 ➤ $    23,157.02 
#2722018-12-06:-2×PFE 21 Jun 2019 $50.00 C $       154.00 ( $          -6.40 )→ #332$    30,609.70 ➤ $    24,018.70 
#2712018-12-06:-2×O 21 Jun 2019 $70.00 C $       188.00 ( $            0.00 )$    30,462.10 ➤ $    23,871.10 
#2702018-12-06:-1×MSFT 15 Mar 2019 $125.00 C $       115.00 ( $          -3.88 )→ #316$    30,274.10 ➤ $    23,683.10 
#2692018-12-06:-5×MAIN 21 Jun 2019 $40.00 C $       250.00 ( $          -0.18 )$    30,162.98 ➤ $    23,571.98 
#2682018-12-06:-1×LOW 21 Jun 2019 $120.00 C $         67.00 ( $          -0.79 )$    29,913.16 ➤ $    23,322.16 
#2672018-12-06:-4×KRG 17 May 2019 $20.00 C $         60.00 ( $        -36.00 )$    29,846.95 ➤ $    23,255.95 
#2662018-12-06:-2×KO 17 May 2019 $52.50 C $       154.00 ( $          -7.75 )→ #313$    29,822.95 ➤ $    23,231.95 
#2652018-12-06:-3×KBH 19 Jul 2019 $26.00 C $       309.00 ( $      -279.81 )$    29,676.70 ➤ $    23,085.70 
#2642018-12-06:-1×JPM 18 Jan 2019 $110.00 C $       146.00 ( $        -10.17 )→ #293$    29,647.51 ➤ $    23,056.51 
#2632018-12-06:-2×INTC 15 Feb 2019 $55.00 C $       106.00 ( $          -2.53 )$    29,511.68 ➤ $    22,920.68 
#2622018-12-06:-1×HRL 21 Jun 2019 $50.00 C $       110.00 ( $          -6.63 )→ #334$    29,408.21 ➤ $    22,817.21 
#2612018-12-06:-1×ES 19 Jul 2019 $70.00 C $       270.00 ( $          -0.34 )$    29,304.84 ➤ $    22,713.84 
#2602018-12-06:-1×DGX 17 May 2019 $100.00 C $       135.00 ( $        -16.17 )→ #331$    29,035.18 ➤ $    22,444.18 
#2592018-12-06:-1×D 19 Jul 2019 $80.00 C $       130.00 ( $          -0.34 )$    28,916.35 ➤ $    22,325.35 
#2582018-12-06:-1×AFL 17 May 2019 $45.00 C $       160.00 ( $      -371.87 )→ #300$    28,786.69 ➤ $    22,325.69 
#2572018-12-06:-2×ABBV 17 May 2019 $100.00 C $       500.00 ( $        -14.01 )→ #330$    28,998.56 ➤ $    22,537.56 
#2562018-12-06:-1×AAPL 15 Feb 2019 $200.00 C $       167.00 ( $          -4.87 )→ #299$    28,512.57 ➤ $    22,051.57 
#2552018-11-01:-3×GPS 21 Jun 2019 $27.00 P $    1,004.00 ( $          -1.47 )$    28,350.44 ➤ $    21,889.44 
#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.

July 2019:

#3502019-05-22:-2×GIS 19 Jul 2019 $50.00 P $ 176.00 ( $ -1.00 )
→ In the money with a  9% safety margin  
#3402019-05-15:-1×DIS 19 Jul 2019 $140.00 C $ 242.00 ( $ -0.80 )
→ In the money by  2% — caution! 
#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  2% safety margin 

August 2019:

#3552019-05-29:-2×MS 16 Aug 2019 $40.00 P $ 262.00 ( $ -1.00 )
→ Out of the money with a  10% safety margin 
#3442019-05-15:-1×TIF 16 Aug 2019 $90.00 P $ 302.00 ( $ -0.65 )
→ Out of the money with a  4% safety margin 
#3312019-03-27:-2×DGX 16 Aug 2019 $95.00 C $ 341.00 ( $ -1.67 )
→ In the money by  9% — caution! 
#3292019-03-27:-1×AAPL 16 Aug 2019 $170.00 P $ 492.00 ( $ -0.55 )
→ Out of the money with a  10% safety margin 
#3252019-03-25:-2×GILD 16 Aug 2019 $70.00 C $ 314.00 ( $ -0.99 )
→ Out of the money with a  10% safety margin  
Two options are in the money and a few 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:
$  52,412
$  28,019
Last Month:
$  49,914
$  25,883
Difference:
 $    2,498 
$    2,136


After collecting $2,498 in options income in June, my year to date total is $9,619. This averages just more than $1,603 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 37 months of options trading, I've collected options income totaling $52,412. Over the same period, my dividend income totals $57,056. 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.

2 comments :

  1. I am still new to option investing. Your articles on option is helping me to understand.

    ReplyDelete
    Replies
    1. Thanks for commenting, DivforLife -- I'm glad that you find these reports helpful. Take care and happy investing!

      Delete

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