Welcome to another edition of Options Update, a monthly article series in which I summarize options trades and keep track of DivGro's options income.The novel coronavirus (Covid-19) has wreaked havoc in the world and on the stock markets. Today, the Dow officially wiped out all the gains of the Trump presidency.
My DivGro portfolio has taken a beating and with soaring volatility, my open options positions are taking it on the chin, too! It seems highly unlikely that I will achieve my 2020 goal to collect at least $24,000 in options income. In fact, I think it will be hard to break even this year!
In February, I had two expirations, three assignments, and three income-generating trades. I also closed several options early.
Recap
Below is a snapshot of February's trades:
When the holder of an option exercises the option, it is said to be assigned.
I had three assignments in February.
JNJ 20 Mar 2020 $140 C
On 21 February, the option holder of the call option I'd sold on Johnson & Johnson (JNJ) decided to exercise the option. JNJ closed at $148.98, but I had to sell 100 shares for $140 per share. Considering that JNJ now trades below $135 per share, I'm not too disappointed that the shares were called away. The trade resulted in a total annualized return of about 13% and I secured options income of $162 in the process.
PSX 21 Feb 2020 $110 P
On 14 February, I opened a new position in PSX due to an options assignment.
I opened a new position in Phillips 66 (PSX) due to an options assignment. The put assignment required that I buy 100 PSX shares at $110 per share, a steep price considering that, scarcely one month later, PSX is trading below $43. This means I'm burdened by unrealized losses of 61%! However, PSX is a solid dividend growth stock and I believe it will be fine in the long run. I'll have to be patient, though. Hopefully, I can enjoy the $360 in annual dividends my investment will generate while I wait for the stock to recover. The trade resulted in secured options income of $270.
DGX 21 Feb 2020 $100 C
Finally, the $100 covered call option on Quest Diagnostics (DGX) I'd sold last year was due to expire on 21 February 2020. Because of the PSX assignment, I decided to let this covered call expire rather than attempting to roll it forward, as I normally do. As a consequence, I closed my DGX position and earned annualized returns totaling about 21%. Additionally, I secured about $675 in options income.
Assigned Options
When the holder of an option exercises the option, it is said to be assigned.
I had three assignments in February.
JNJ 20 Mar 2020 $140 C
| #411 | 2019-11-13 | : | -1 | × | JNJ 20 Mar 2020 $140.00 C | $ 163.00 | ( $ 0.65 ) |
On 21 February, the option holder of the call option I'd sold on Johnson & Johnson (JNJ) decided to exercise the option. JNJ closed at $148.98, but I had to sell 100 shares for $140 per share. Considering that JNJ now trades below $135 per share, I'm not too disappointed that the shares were called away. The trade resulted in a total annualized return of about 13% and I secured options income of $162 in the process.
PSX 21 Feb 2020 $110 P
On 14 February, I opened a new position in PSX due to an options assignment.
| #436 | 2019-12-18 | : | -1 | × | PSX 21 Feb 2020 $110.00 P | $ 270.00 | ( $ -0.35 ) |
I opened a new position in Phillips 66 (PSX) due to an options assignment. The put assignment required that I buy 100 PSX shares at $110 per share, a steep price considering that, scarcely one month later, PSX is trading below $43. This means I'm burdened by unrealized losses of 61%! However, PSX is a solid dividend growth stock and I believe it will be fine in the long run. I'll have to be patient, though. Hopefully, I can enjoy the $360 in annual dividends my investment will generate while I wait for the stock to recover. The trade resulted in secured options income of $270.
DGX 21 Feb 2020 $100 C
| #385 | 2019-08-16 | : | -1 | × | DGX 21 Feb 2020 $100.00 C | $ 675.00 | ( $ -0.31 ) |
Finally, the $100 covered call option on Quest Diagnostics (DGX) I'd sold last year was due to expire on 21 February 2020. Because of the PSX assignment, I decided to let this covered call expire rather than attempting to roll it forward, as I normally do. As a consequence, I closed my DGX position and earned annualized returns totaling about 21%. Additionally, I secured about $675 in options income.
In all, these assignments secured options income of $1,107.
In February, the following option expired:
For details on these expirations, please read this article.
I secured options income totaling $402 with these trades.
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 did not roll forward any options last month.
Expired Options
In February, the following option expired:
| #437 | 2019-12-18 | : | -1 | × | SBUX 21 Feb 2020 $85.00 P | $ 187.00 | ( $ -0.80 ) | |||
| #426 | 2019-11-26 | : | -1 | × | UNP 21 Feb 2020 $160.00 P | $ 217.00 | ( $ -0.80 ) |
For details on these expirations, please read this article.
I secured options income totaling $402 with these trades.
Closed Options
When an out of the money option goes further out of the money, you can close the option early and secure most of the options income.
In February, I closed the following option early:
Closing these options early cost me $220 in secured options income, mostly because I wanted to trim Procter & Gamble (PG). Usually, I don't close an option early unless I can secure at least 90% of the available income.
In February, I closed the following option early:
| #433 | 2019-12-18 | : | -2 | × | HRL 20 Mar 2020 $40.00 P | $ 104.00 | ( $ -19.90 ) | |||
| #427 | 2019-11-26 | : | -1 | × | V 20 Mar 2020 $155.00 P | $ 127.00 | ( $ -11.19 ) | |||
| #424 | 2019-11-26 | : | -1 | × | MSFT 20 Mar 2020 $130.00 P | $ 119.00 | ( $ -8.37 ) | |||
| #419 | 2019-11-26 | : | -1 | × | LLY 17 Apr 2020 $100.00 P | $ 140.00 | ( $ -10.74 ) | |||
| #418 | 2019-11-26 | : | -1 | × | JNJ 20 Mar 2020 $120.00 P | $ 115.00 | ( $ -9.89 ) | |||
| #416 | 2019-11-13 | : | -2 | × | XOM 17 Apr 2020 $75.00 C | $ 194.00 | ( $ -11.74 ) | |||
| #410 | 2019-11-13 | : | -1 | × | IBM 17 Apr 2020 $120.00 P | $ 269.00 | ( $ -10.59 ) | |||
| #394 | 2019-09-20 | : | -2 | × | MO 20 Mar 2020 $50.00 C | $ 120.00 | ( $ -20.18 ) | |||
| #338 | 2019-04-23 | : | -1 | × | PG 15 Jan 2021 $105.00 C | $ 896.00 | ( $ -2,201.60 ) |
Closing these options early cost me $220 in secured options income, mostly because I wanted to trim Procter & Gamble (PG). Usually, I don't close an option early unless I can secure at least 90% of the available 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 did not roll forward any options last month.
Covered Calls
Selling covered calls is a way to collect extra income on stocks you already own.
I didn't sell any covered calls in February.
I didn't sell any covered calls in February.
For covered calls, I think an achievable goal is to earn double the dividend yield.
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 February:
| #453 | 2020-02-11 | : | -1 | × | MSFT 15 Jan 2021 $155.00 P | $ 633.00 | ( $ -1.11 ) | |||
| #452 | 2020-02-11 | : | -1 | × | INTC 15 Jan 2021 $50.00 P | $ 139.00 | ( $ -0.80 ) | |||
| #451 | 2020-02-11 | : | -1 | × | AAPL 15 Jan 2021 $255.00 P | $ 865.00 | ( $ -1.10 ) |
#453 : 2020-02-11: Sold to Open 1 Contract of Option MSFT Jan 15 2021 155.00 P
I'm willing to buy 100 shares of Microsoft (MSFT) for $155.00 per share on or before 15 January 2021. MSFT closed at $183.94 per share on the date of my trade:
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This put option trade yields 3.44%, or 3.70% on an annualized basis. At $183.94 per share, MSFT yields 1.11%, so I'm boosting dividend income by a factor of 3.34. If the option is exercised, I'll buy 100 shares at a cost basis of $148.66 per share, a discount of 19.18%.
#452 : 2020-02-11: Sold to Open 1 Contract of Option INTC Jan 15 2021 50.00 P
I'm willing to buy 100 shares of Intel (INTC) for $50.00 per share on or before 15 January 2021. INTC closed at $67.41 per share on the date of my trade:
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This put option trade yields 2.05%, or 2.21% on an annualized basis. At $67.41 per share, INTC yields 1.96%, so I'm boosting dividend income by a factor of 1.13. If the option is exercised, I'll buy 100 shares at a cost basis of $48.60 per share, a discount of 27.90%.
#451 : 2020-02-11: Sold to Open 1 Contract of Option AAPL Jan 15 2021 255.00 P
I'm willing to buy 100 shares of Apple (AAPL) for $255.00 per share on or before 15 January 2021. AAPL closed at $319.61 per share on the date of my trade:
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This put option trade yields 2.70%, or 2.91% on an annualized basis. At $319.61 per share, AAPL yields 0.96%, so I'm boosting dividend income by a factor of 3.02. If the option is exercised, I'll buy 100 shares at a cost basis of $246.34 per share, a discount of 22.93%.
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%. All of these put trades will result in discounts of at least 10%!
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 or are closed. Secured means I no longer have related obligations and "own" the corresponding options income free and clear.
key: expired • closed • rolled • assigned • open
| ID | DATE | : | NO | × | TICKER OPTION | INCOME | ( EXPENSES ) | ROLLED | TOTAL | ➤ SECURED |
| #453 | 2020-02-11 | : | -1 | × | MSFT 15 Jan 2021 $155.00 P | $ 633.00 | ( $ -1.11 ) | $ 71,825.15 | ➤ $ 49,871.15 | |
| #452 | 2020-02-11 | : | -1 | × | INTC 15 Jan 2021 $50.00 P | $ 139.00 | ( $ -0.80 ) | $ 71,193.26 | ➤ $ 49,872.26 | |
| #451 | 2020-02-11 | : | -1 | × | AAPL 15 Jan 2021 $255.00 P | $ 865.00 | ( $ -1.10 ) | $ 71,055.06 | ➤ $ 49,873.06 | |
| #450 | 2020-01-21 | : | -1 | × | TXN 17 Apr 2020 $115.00 P | $ 128.00 | ( $ -0.80 ) | $ 70,191.16 | ➤ $ 49,874.16 | |
| #449 | 2020-01-21 | : | -2 | × | TJX 17 Apr 2020 $67.50 C | $ 110.00 | ( $ -0.01 ) | $ 70,063.96 | ➤ $ 49,874.96 | |
| #448 | 2020-01-21 | : | -2 | × | ORCL 19 Jun 2020 $47.50 P | $ 150.00 | ( $ -1.49 ) | $ 69,953.97 | ➤ $ 49,874.97 | |
| #447 | 2020-01-21 | : | -2 | × | GILD 15 May 2020 $55.00 P | $ 162.00 | ( $ -0.89 ) | $ 69,805.46 | ➤ $ 49,876.46 | |
| #446 | 2020-01-21 | : | -2 | × | CSX 15 May 2020 $67.50 P | $ 240.00 | ( $ -0.90 ) | $ 69,644.35 | ➤ $ 49,877.35 | |
| #445 | 2020-01-15 | : | -2 | × | KO 18 Sep 2020 $55.00 C | $ 717.00 | ( $ -1.70 ) | $ 69,405.25 | ➤ $ 49,878.25 | |
| #444 | 2020-01-15 | : | -1 | × | D 17 Jul 2020 $82.50 C | $ 267.00 | ( $ -0.30 ) | $ 68,689.95 | ➤ $ 49,879.95 | |
| #443 | 2020-01-15 | : | -2 | × | CMCSA 17 Jul 2020 $47.50 C | $ 402.00 | ( $ -1.50 ) | $ 68,423.25 | ➤ $ 49,880.25 | |
| #442 | 2020-01-15 | : | -3 | × | BEN 17 Jul 2020 $27.50 P | $ 978.00 | ( $ -0.34 ) | $ 68,022.75 | ➤ $ 49,881.75 | |
| #441 | 2020-01-08 | : | -5 | × | T 21 Jan 2022 $40.00 C | $ 1,452.00 | ( $ -2.11 ) | $ 67,045.09 | ➤ $ 49,882.09 | |
| #440 | 2019-12-18 | : | -2 | × | XEL 17 Jun 2020 $55.00 P | $ 150.00 | ( $ -0.21 ) | $ 65,595.20 | ➤ $ 49,884.20 | |
| #439 | 2019-12-18 | : | -1 | × | TSM 21 Jan 2022 $60.00 C | $ 808.00 | ( $ -0.31 ) | $ 65,445.41 | ➤ $ 49,884.41 | |
| #438 | 2019-12-18 | : | -2 | × | TJX 17 Apr 2020 $55.00 P | $ 174.00 | ( $ -1.50 ) | $ 64,637.72 | ➤ $ 49,884.72 | |
| #437 | 2019-12-18 | : | -1 | × | SBUX 21 Feb 2020 $85.00 P | $ 187.00 | ( $ -0.80 ) | $ 64,465.22 | ➤ $ 49,886.22 | |
| #436 | 2019-12-18 | : | -1 | × | PSX 21 Feb 2020 $110.00 P | $ 270.00 | ( $ -0.35 ) | $ 64,279.02 | ➤ $ 49,700.02 | |
| #435 | 2019-12-18 | : | -1 | × | LYB 20 Mar 2020 $80.00 P | $ 120.00 | ( $ -0.35 ) | $ 64,009.37 | ➤ $ 49,430.37 | |
| #434 | 2019-12-18 | : | -1 | × | ICE 19 Jun 2020 $85.00 P | $ 195.00 | ( $ -0.35 ) | $ 63,889.72 | ➤ $ 49,430.72 | |
| #433 | 2019-12-18 | : | -2 | × | HRL 20 Mar 2020 $40.00 P | $ 104.00 | ( $ -19.90 ) | $ 63,695.07 | ➤ $ 49,431.07 | |
| #432 | 2019-12-18 | : | -1 | × | AMT 17 Apr 2020 $180.00 P | $ 200.00 | ( $ -0.35 ) | $ 63,610.97 | ➤ $ 49,346.97 | |
| #431 | 2019-12-18 | : | -1 | × | ABT 15 May 2020 $75.00 P | $ 117.00 | ( $ -0.80 ) | $ 63,411.32 | ➤ $ 49,347.32 | |
| #430 | 2019-12-12 | : | -2 | × | TROW 17 Jul 2020 $120.00 C | $ 2,209.00 | ( $ -1.64 ) | $ 63,295.12 | ➤ $ 49,348.12 | |
| #429 | 2019-11-27 | : | -1 | × | SBUX 17 Apr 2020 $77.50 P | $ 158.00 | ( $ -1.53 ) | $ 61,087.76 | ➤ $ 49,349.76 | |
| #428 | 2019-11-26 | : | -1 | × | WMT 19 Jun 2020 $100.00 P | $ 158.00 | ( $ -0.65 ) | $ 60,931.29 | ➤ $ 49,351.29 | |
| #427 | 2019-11-26 | : | -1 | × | V 20 Mar 2020 $155.00 P | $ 127.00 | ( $ -11.19 ) | $ 60,773.94 | ➤ $ 49,351.94 | |
| #426 | 2019-11-26 | : | -1 | × | UNP 21 Feb 2020 $160.00 P | $ 217.00 | ( $ -0.80 ) | $ 60,658.13 | ➤ $ 49,236.13 | |
| #425 | 2019-11-26 | : | -1 | × | NKE 17 Apr 2020 $77.50 P | $ 102.00 | ( $ -1.10 ) | $ 60,441.93 | ➤ $ 49,019.93 | |
| #424 | 2019-11-26 | : | -1 | × | MSFT 20 Mar 2020 $130.00 P | $ 119.00 | ( $ -8.37 ) | $ 60,341.03 | ➤ $ 49,021.03 | |
| #423 | 2019-11-26 | : | -1 | × | MRK 17 Apr 2020 $75.00 P | $ 107.00 | ( $ -0.80 ) | $ 60,230.40 | ➤ $ 48,910.40 | |
| #422 | 2019-11-26 | : | -1 | × | MMM 17 Apr 2020 $160.00 P | $ 555.00 | ( $ -0.81 ) | $ 60,124.20 | ➤ $ 48,911.20 | |
| #421 | 2019-11-26 | : | -1 | × | MCD 20 Mar 2020 $170.00 P | $ 126.00 | ( $ -10.32 ) | $ 59,570.01 | ➤ $ 48,912.01 | |
| #420 | 2019-11-26 | : | -1 | × | LOW 17 Apr 2020 $95.00 P | $ 111.00 | ( $ -0.80 ) | $ 59,454.33 | ➤ $ 48,796.33 | |
| #419 | 2019-11-26 | : | -1 | × | LLY 17 Apr 2020 $100.00 P | $ 140.00 | ( $ -10.74 ) | $ 59,344.13 | ➤ $ 48,797.13 | |
| #418 | 2019-11-26 | : | -1 | × | JNJ 20 Mar 2020 $120.00 P | $ 115.00 | ( $ -9.89 ) | $ 59,214.87 | ➤ $ 48,667.87 | |
| #417 | 2019-11-26 | : | -1 | × | ICE 19 Jun 2020 $80.00 P | $ 133.00 | ( $ -0.25 ) | $ 59,109.76 | ➤ $ 48,562.76 | |
| #416 | 2019-11-13 | : | -2 | × | XOM 17 Apr 2020 $75.00 C | $ 194.00 | ( $ -11.74 ) | $ 58,977.01 | ➤ $ 48,563.01 | |
| #415 | 2019-11-13 | : | -1 | × | WFC 19 Jun 2020 $60.00 C | $ 112.00 | ( $ -10.19 ) | $ 58,794.75 | ➤ $ 48,380.75 | |
| #414 | 2019-11-13 | : | -1 | × | TXN 17 Jan 2020 $110.00 P | $ 144.00 | ( $ -1.10 ) | $ 58,692.94 | ➤ $ 48,278.94 | |
| #413 | 2019-11-13 | : | -5 | × | SKT 19 Jun 2020 $20.00 C | $ 120.00 | ( $ -30.70 ) | $ 58,550.04 | ➤ $ 48,136.04 | |
| #412 | 2019-11-13 | : | -1 | × | PM 19 Jun 2020 $100.00 C | $ 102.00 | ( $ -0.65 ) | $ 58,460.74 | ➤ $ 48,046.74 | |
| #411 | 2019-11-13 | : | -1 | × | JNJ 20 Mar 2020 $140.00 C | $ 163.00 | ( $ -0.65 ) | $ 58,359.39 | ➤ $ 48,047.39 | |
| #410 | 2019-11-13 | : | -1 | × | IBM 17 Apr 2020 $120.00 P | $ 269.00 | ( $ -10.59 ) | $ 58,197.04 | ➤ $ 47,885.04 | |
| #409 | 2019-11-13 | : | -2 | × | ABBV 15 Jan 2021 $90.00 C | $ 1,310.00 | ( $ -1.52 ) | $ 57,938.63 | ➤ $ 47,626.63 | |
| #408 | 2019-10-18 | : | -2 | × | TSM 15 Jan 2021 $50.00 C | $ 1,083.00 | ( $ 0.00 ) | $ 56,630.15 | ➤ $ 47,628.15 | |
| #407 | 2019-10-18 | : | -2 | × | TROW 20 Dec 2019 $115.00 C | $ 339.00 | ( $ -2,090.59 ) | → #430 | $ 55,547.15 | ➤ $ 47,628.15 |
| #406 | 2019-10-18 | : | -2 | × | TJX 17 Jan 2020 $65.00 C | $ 188.00 | ( $ 0.00 ) | $ 57,298.74 | ➤ $ 49,379.74 | |
| #405 | 2019-10-18 | : | -1 | × | ADM 20 Mar 2020 $45.00 C | $ 53.00 | ( $ -1.10 ) | $ 57,110.74 | ➤ $ 49,191.74 | |
| #404 | 2019-10-01 | : | -1 | × | TJX 17 Apr 2020 $50.00 P | $ 180.00 | ( $ -0.30 ) | $ 57,058.84 | ➤ $ 49,192.84 | |
| #403 | 2019-10-01 | : | -1 | × | SNA 15 Nov 2019 $145.00 P | $ 260.00 | ( $ -0.35 ) | $ 56,879.14 | ➤ $ 49,193.14 | |
| #402 | 2019-10-01 | : | -3 | × | PFE 20 Mar 2020 $40.00 C | $ 132.00 | ( $ -1.13 ) | $ 56,619.49 | ➤ $ 48,933.49 | |
| #401 | 2019-10-01 | : | -1 | × | MRK 15 Nov 2019 $80.00 P | $ 127.00 | ( $ -1.58 ) | $ 56,488.62 | ➤ $ 48,934.62 | |
| #400 | 2019-10-01 | : | -1 | × | MDT 17 Jan 2020 $100.00 P | $ 196.00 | ( $ -0.80 ) | $ 56,363.20 | ➤ $ 48,809.20 | |
| #399 | 2019-10-01 | : | -1 | × | HRL 20 Mar 2020 $47.50 C | $ 125.00 | ( $ -0.60 ) | $ 56,168.00 | ➤ $ 48,614.00 | |
| #398 | 2019-10-01 | : | -2 | × | ADM 20 Mar 2020 $45.00 C | $ 160.00 | ( $ -0.99 ) | $ 56,043.60 | ➤ $ 48,614.60 | |
| #397 | 2019-10-01 | : | -2 | × | ADM 15 Nov 2019 $40.00 P | $ 228.00 | ( $ -1.00 ) | $ 55,884.59 | ➤ $ 48,615.59 | |
| #396 | 2019-09-20 | : | -1 | × | ORCL 17 Jan 2020 $52.50 P | $ 213.00 | ( $ -1.59 ) | $ 55,657.59 | ➤ $ 48,388.59 | |
| #395 | 2019-09-20 | : | -1 | × | MSFT 21 Jan 2022 $155.00 C | $ 1,490.00 | ( $ -0.68 ) | $ 55,446.18 | ➤ $ 48,177.18 | |
| #394 | 2019-09-20 | : | -2 | × | MO 20 Mar 2020 $50.00 C | $ 120.00 | ( $ -20.18 ) | $ 53,956.86 | ➤ $ 48,177.86 | |
| #393 | 2019-09-20 | : | -2 | × | MO 15 Jan 2021 $45.00 P | $ 2,029.00 | ( $ -0.88 ) | $ 53,857.04 | ➤ $ 48,078.04 | |
| #392 | 2019-09-20 | : | -1 | × | LOW 17 Jan 2020 $125.00 C | $ 182.00 | ( $ -0.80 ) | $ 51,828.92 | ➤ $ 48,078.92 | |
| #391 | 2019-09-20 | : | -3 | × | INTC 15 Nov 2019 $45.00 P | $ 129.00 | ( $ -3.83 ) | $ 51,647.72 | ➤ $ 47,897.72 | |
| #390 | 2019-09-20 | : | -2 | × | INTC 15 Nov 2019 $55.00 C | $ 168.00 | ( $ -1.59 ) | $ 51,522.55 | ➤ $ 47,772.55 | |
| #389 | 2019-09-20 | : | -2 | × | GILD 21 Feb 2020 $75.00 C | $ 266.00 | ( $ -13.23 ) | $ 51,356.14 | ➤ $ 47,606.14 | |
| #388 | 2019-09-20 | : | -2 | × | GILD 17 Jan 2020 $60.00 P | $ 270.00 | ( $ -2.56 ) | $ 51,103.37 | ➤ $ 47,353.37 | |
| #387 | 2019-09-20 | : | -2 | × | CSX 17 Jan 2020 $70.00 P | $ 820.00 | ( $ -1.80 ) | $ 50,835.93 | ➤ $ 47,085.93 | |
| #386 | 2019-08-16 | : | -1 | × | XOM 17 Jan 2020 $80.00 C | $ 33.00 | ( $ -4.69 ) | → #416 | $ 50,017.73 | ➤ $ 46,267.73 |
| #385 | 2019-08-16 | : | -1 | × | DGX 21 Feb 2020 $100.00 C | $ 675.00 | ( $ -0.31 ) | $ 49,989.42 | ➤ $ 46,239.42 | |
| #384 | 2019-08-14 | : | -1 | × | TIF 17 Jan 2020 $85.00 P | $ 769.00 | ( $ -1.66 ) | $ 49,314.73 | ➤ $ 45,564.73 | |
| #383 | 2019-08-02 | : | -1 | × | XOM 18 Oct 2019 $67.50 P | $ 135.00 | ( $ -0.80 ) | $ 48,547.39 | ➤ $ 44,797.39 | |
| #382 | 2019-08-02 | : | -1 | × | VZ 18 Oct 2019 $52.50 P | $ 108.00 | ( $ -0.96 ) | $ 48,413.19 | ➤ $ 44,663.19 | |
| #381 | 2019-08-02 | : | -3 | × | PFE 20 Sep 2019 $40.00 C | $ 138.00 | ( $ -2.39 ) | $ 48,306.15 | ➤ $ 44,556.15 | |
| #380 | 2019-08-02 | : | -1 | × | MRK 20 Sep 2019 $80.00 P | $ 110.00 | ( $ -1.09 ) | $ 48,170.54 | ➤ $ 44,420.54 | |
| #379 | 2019-08-02 | : | -1 | × | MDT 20 Sep 2019 $97.50 P | $ 158.00 | ( $ -0.80 ) | $ 48,061.63 | ➤ $ 44,311.63 | |
| #378 | 2019-07-25 | : | -2 | × | NKE 18 Oct 2019 $75.00 P | $ 124.00 | ( $ -0.99 ) | $ 47,904.43 | ➤ $ 44,154.43 | |
| #377 | 2019-07-25 | : | -2 | × | MS 15 Nov 2019 $42.00 P | $ 263.00 | ( $ -0.85 ) | $ 47,781.42 | ➤ $ 44,031.42 | |
| #376 | 2019-07-25 | : | -1 | × | LLY 17 Jan 2020 $85.00 P | $ 106.00 | ( $ -7.74 ) | → #419 | $ 47,519.27 | ➤ $ 43,769.27 |
| #375 | 2019-07-25 | : | -1 | × | AAPL 18 Oct 2019 $180.00 P | $ 180.00 | ( $ -0.65 ) | $ 47,421.01 | ➤ $ 43,671.01 | |
| #374 | 2019-07-22 | : | -1 | × | XOM 17 Jan 2020 $80.00 C | $ 127.00 | ( $ -5.32 ) | → #416 | $ 47,241.66 | ➤ $ 43,491.66 |
| #373 | 2019-07-22 | : | -1 | × | VLO 20 Dec 2019 $100.00 C | $ 105.00 | ( $ -0.68 ) | $ 47,119.98 | ➤ $ 43,369.98 | |
| #372 | 2019-07-22 | : | -2 | × | TSM 18 Oct 2019 $45.00 C | $ 380.00 | ( $ -946.30 ) | → #408 | $ 47,015.66 | ➤ $ 43,265.66 |
| #371 | 2019-07-22 | : | -1 | × | TRV 18 Oct 2019 $155.00 C | $ 255.00 | ( $ -0.35 ) | $ 47,581.96 | ➤ $ 43,831.96 | |
| #370 | 2019-07-22 | : | -1 | × | DIS 18 Oct 2019 $145.00 C | $ 407.00 | ( $ -0.80 ) | $ 47,327.31 | ➤ $ 43,577.31 | |
| #369 | 2019-07-22 | : | -1 | × | D 17 Jan 2020 $80.00 C | $ 175.00 | ( $ -236.64 ) | → #444 | $ 46,921.11 | ➤ $ 43,171.11 |
| #368b | 2019-07-16 | : | -1 | × | ORCL 20 Sep 2019 $55.00 P | $ 76.00 | ( $ -109.07 ) | → #396 | $ 46,982.75 | ➤ $ 43,232.75 |
| #368a | 2019-07-16 | : | -1 | × | ORCL 20 Sep 2019 $55.00 P | $ 76.00 | ( $ -0.50 ) | $ 47,015.82 | ➤ $ 43,265.82 | |
| #367 | 2019-07-16 | : | -2 | × | CSX 20 Sep 2019 $72.50 P | $ 150.00 | ( $ -548.77 ) | → #387 | $ 46,940.32 | ➤ $ 43,190.32 |
| #366 | 2019-06-28 | : | -1 | × | WMT 20 Dec 2019 $100.00 P | $ 213.00 | ( $ -3.44 ) | → #428 | $ 47,339.09 | ➤ $ 43,589.09 |
| #365 | 2019-06-28 | : | -1 | × | UTX 15 Nov 2019 $115.00 P | $ 222.00 | ( $ -0.80 ) | $ 47,129.53 | ➤ $ 43,379.53 | |
| #364 | 2019-06-28 | : | -2 | × | PEP 18 Oct 2019 $110.00 P | $ 118.00 | ( $ -0.99 ) | $ 46,908.33 | ➤ $ 43,158.33 | |
| #363 | 2019-06-28 | : | -2 | × | EMR 20 Dec 2019 $60.00 P | $ 374.00 | ( $ -9.19 ) | $ 46,791.32 | ➤ $ 43,041.32 | |
| #362 | 2019-06-28 | : | -2 | × | CL 15 Nov 2019 $65.00 P | $ 248.00 | ( $ -1.00 ) | $ 46,426.51 | ➤ $ 42,676.51 | |
| #361 | 2019-06-28 | : | -3 | × | BEN 17 Jan 2020 $30.00 P | $ 261.00 | ( $ -1,413.35 ) | → #442 | $ 46,179.51 | ➤ $ 42,429.51 |
| #360 | 2019-06-28 | : | -2 | × | ABBV 15 Nov 2019 $60.00 P | $ 224.00 | ( $ -1.00 ) | $ 47,331.86 | ➤ $ 43,581.86 | |
| #359 | 2019-06-28 | : | -1 | × | TSM 17 Jan 2020 $45.00 C | $ 105.00 | ( $ -1,380.59 ) | → #439 | $ 47,108.86 | ➤ $ 43,358.86 |
| #358 | 2019-06-28 | : | -2 | × | ABBV 15 Nov 2019 $80.00 C | $ 303.00 | ( $ -1,332.34 ) | → #409 | $ 48,384.45 | ➤ $ 44,634.45 |
| #357 | 2019-06-21 | : | -3 | × | GPS 17 Jan 2020 $20.00 C | $ 345.00 | ( $ -111.72 ) | $ 49,413.79 | ➤ $ 45,663.79 | |
| #356 | 2019-06-21 | : | -1 | × | CSCO 18 Oct 2019 $52.50 P | $ 120.00 | ( $ -1.10 ) | $ 49,180.51 | ➤ $ 45,430.51 | |
| #355 | 2019-05-29 | : | -2 | × | MS 16 Aug 2019 $40.00 P | $ 262.00 | ( $ -18.44 ) | → #377 | $ 49,061.61 | ➤ $ 45,311.61 |
| #354 | 2019-05-28 | : | -2 | × | DAL 20 Sep 2019 $50.00 P | $ 310.00 | ( $ -1.00 ) | $ 48,818.05 | ➤ $ 45,068.05 | |
| #353 | 2019-05-28 | : | -2 | × | CMCSA 17 Jan 2020 $45.00 C | $ 396.00 | ( $ -260.07 ) | → #443 | $ 48,509.05 | ➤ $ 44,759.05 |
| #352 | 2019-05-24 | : | -3 | × | SKT 17 Jan 2020 $20.00 C | $ 188.00 | ( $ -26.08 ) | → #413 | $ 48,373.12 | ➤ $ 44,623.12 |
| #351 | 2019-05-22 | : | -2 | × | SKT 17 Jan 2020 $20.00 C | $ 112.00 | ( $ -16.78 ) | → #413 | $ 48,211.20 | ➤ $ 44,461.20 |
| #350 | 2019-05-22 | : | -2 | × | GIS 19 Jul 2019 $50.00 P | $ 176.00 | ( $ -1.00 ) | $ 48,115.98 | ➤ $ 44,365.98 | |
| #349 | 2019-05-22 | : | -2 | × | ADM 20 Sep 2019 $35.00 P | $ 110.00 | ( $ -0.75 ) | $ 47,940.98 | ➤ $ 44,190.98 | |
| #348 | 2019-05-20 | : | -1 | × | SNA 20 Sep 2019 $140.00 P | $ 260.00 | ( $ -1.10 ) | $ 47,831.73 | ➤ $ 44,081.73 | |
| #347 | 2019-05-16 | : | -2 | × | GIS 18 Oct 2019 $47.50 P | $ 260.00 | ( $ -1.60 ) | $ 47,572.83 | ➤ $ 43,822.83 | |
| #346 | 2019-05-16 | : | -1 | × | AOS 18 Oct 2019 $45.00 P | $ 180.00 | ( $ -1.10 ) | $ 47,314.43 | ➤ $ 43,564.43 | |
| #345 | 2019-05-15 | : | -2 | × | WFC 18 Oct 2019 $42.50 P | $ 240.00 | ( $ -1.00 ) | $ 47,135.53 | ➤ $ 43,385.53 | |
| #344 | 2019-05-15 | : | -1 | × | TIF 16 Aug 2019 $90.00 P | $ 302.00 | ( $ -638.29 ) | → #384 | $ 46,896.53 | ➤ $ 43,146.53 |
| #343 | 2019-05-15 | : | -2 | × | SO 15 Nov 2019 $45.00 P | $ 88.00 | ( $ -0.99 ) | $ 47,232.82 | ➤ $ 43,482.82 | |
| #342 | 2019-05-15 | : | -2 | × | QCOM 18 Oct 2019 $65.00 P | $ 156.00 | ( $ -0.99 ) | $ 47,145.81 | ➤ $ 43,395.81 | |
| #341 | 2019-05-15 | : | -1 | × | INTC 20 Sep 2019 $40.00 P | $ 105.00 | ( $ -0.80 ) | $ 46,990.80 | ➤ $ 43,240.80 | |
| #340 | 2019-05-15 | : | -1 | × | DIS 19 Jul 2019 $140.00 C | $ 242.00 | ( $ -0.80 ) | $ 46,886.60 | ➤ $ 43,136.60 | |
| #339 | 2019-05-15 | : | -1 | × | AAPL 18 Jun 2021 $205.00 C | $ 2,323.00 | ( $ -0.69 ) | $ 46,645.40 | ➤ $ 42,895.40 | |
| #338 | 2019-04-23 | : | -1 | × | PG 15 Jan 2021 $105.00 C | $ 896.00 | ( $ -2,201.60 ) | $ 44,323.09 | ➤ $ 42,896.09 | |
| #337 | 2019-04-22 | : | -1 | × | WBA 17 Jan 2020 $65.00 C | $ 163.00 | ( $ -0.80 ) | $ 45,628.69 | ➤ $ 44,201.69 | |
| #336 | 2019-04-22 | : | -2 | × | WBA 17 Jan 2020 $65.00 C | $ 328.00 | ( $ -0.85 ) | $ 45,466.49 | ➤ $ 44,039.49 | |
| #335 | 2019-04-04 | : | -1 | × | WBA 18 Apr 2019 $55.00 P | $ 145.00 | ( $ -3.16 ) | $ 45,139.34 | ➤ $ 44,040.34 | |
| #334 | 2019-04-04 | : | -1 | × | HRL 20 Sep 2019 $45.00 C | $ 121.00 | ( $ -0.30 ) | $ 44,997.50 | ➤ $ 43,898.50 | |
| #333 | 2019-03-27 | : | -1 | × | XOM 20 Sep 2019 $85.00 C | $ 151.00 | ( $ -10.73 ) | → #374 | $ 44,876.80 | ➤ $ 43,777.80 |
| #332 | 2019-03-27 | : | -2 | × | PFE 20 Sep 2019 $45.00 C | $ 173.00 | ( $ -20.02 ) | $ 44,736.53 | ➤ $ 43,637.53 | |
| #331b | 2019-03-27 | : | -1 | × | DGX 16 Aug 2019 $95.00 C | $ 170.50 | ( $ -585.12 ) | → #385 | $ 44,583.55 | ➤ $ 43,484.55 |
| #331a | 2019-03-27 | : | -1 | × | DGX 16 Aug 2019 $95.00 C | $ 170.50 | ( $ -0.84 ) | $ 44,998.17 | ➤ $ 43,899.17 | |
| #330 | 2019-03-27 | : | -2 | × | ABBV 16 Aug 2019 $90.00 C | $ 264.00 | ( $ -22.68 ) | → #358 | $ 44,828.50 | ➤ $ 43,729.50 |
| #329 | 2019-03-27 | : | -1 | × | AAPL 16 Aug 2019 $170.00 P | $ 492.00 | ( $ -28.19 ) | → #375 | $ 44,587.18 | ➤ $ 43,488.18 |
| #328 | 2019-03-25 | : | -1 | × | VLO 21 Jun 2019 $95.00 C | $ 114.00 | ( $ -0.79 ) | $ 44,123.37 | ➤ $ 43,024.37 | |
| #327 | 2019-03-25 | : | -1 | × | VLO 17 May 2019 $80.00 P | $ 224.00 | ( $ -0.79 ) | $ 44,010.16 | ➤ $ 42,911.16 | |
| #326 | 2019-03-25 | : | -1 | × | TIF 17 May 2019 $100.00 P | $ 220.00 | ( $ -211.48 ) | → #344 | $ 43,786.95 | ➤ $ 42,687.95 |
| #325 | 2019-03-25 | : | -2 | × | GILD 16 Aug 2019 $70.00 C | $ 314.00 | ( $ -0.99 ) | $ 43,778.43 | ➤ $ 42,679.43 | |
| #324 | 2019-03-25 | : | -1 | × | DIS 21 Jun 2019 $105.00 P | $ 295.00 | ( $ -10.46 ) | $ 43,465.42 | ➤ $ 42,366.42 | |
| #323 | 2019-02-28 | : | -1 | × | MSFT 17 May 2019 $100.00 P | $ 105.00 | ( $ -9.31 ) | $ 43,180.88 | ➤ $ 42,081.88 | |
| #322 | 2019-02-28 | : | -2 | × | JPM 21 Jun 2019 $95.00 P | $ 294.00 | ( $ -21.78 ) | $ 43,085.19 | ➤ $ 41,986.19 | |
| #321 | 2019-02-28 | : | -1 | × | AAPL 17 May 2019 $155.00 P | $ 170.00 | ( $ -68.73 ) | → #329 | $ 42,812.97 | ➤ $ 41,713.97 |
| #320 | 2019-02-22 | : | -1 | × | TROW 18 Oct 2019 $110.00 C | $ 220.00 | ( $ -10.59 ) | → #407 | $ 42,711.70 | ➤ $ 41,612.70 |
| #319 | 2019-02-22 | : | -2 | × | TJX 18 Oct 2019 $60.00 C | $ 130.00 | ( $ -128.08 ) | → #406 | $ 42,502.29 | ➤ $ 41,403.29 |
| #318 | 2019-02-22 | : | -3 | × | SKT 17 Jan 2020 $25.00 C | $ 195.00 | ( $ -39.41 ) | → #352 | $ 42,500.37 | ➤ $ 41,401.37 |
| #317 | 2019-02-22 | : | -1 | × | PM 17 Jan 2020 $105.00 C | $ 95.00 | ( $ -10.43 ) | → #412 | $ 42,344.78 | ➤ $ 41,245.78 |
| #316 | 2019-02-22 | : | -1 | × | MSFT 18 Oct 2019 $125.00 C | $ 287.00 | ( $ -1,486.73 ) | → #395 | $ 42,260.21 | ➤ $ 41,161.21 |
| #315 | 2019-02-22 | : | -1 | × | MO 17 Jan 2020 $50.00 P | $ 448.00 | ( $ -1,065.52 ) | → #393 | $ 43,459.94 | ➤ $ 42,360.94 |
| #314 | 2019-02-22 | : | -1 | × | MO 17 Jan 2020 $50.00 P | $ 448.00 | ( $ -1,065.52 ) | → #393 | $ 44,077.46 | ➤ $ 42,978.46 |
| #313 | 2019-02-22 | : | -2 | × | KO 17 Jan 2020 $52.50 C | $ 67.00 | ( $ -810.26 ) | → #445 | $ 44,694.98 | ➤ $ 43,595.98 |
| #312 | 2019-02-22 | : | -2 | × | INTC 18 Oct 2019 $55.00 C | $ 670.00 | ( $ -98.14 ) | $ 45,438.24 | ➤ $ 44,339.24 | |
| #311 | 2019-02-22 | : | -1 | × | HSY 18 Apr 2019 $110.00 P | $ 250.00 | ( $ -0.79 ) | $ 44,866.38 | ➤ $ 43,767.38 | |
| #310 | 2019-02-20 | : | -1 | × | TROW 18 Oct 2019 $110.00 C | $ 209.00 | ( $ -10.59 ) | → #407 | $ 44,617.17 | ➤ $ 43,518.17 |
| #309 | 2019-02-20 | : | -1 | × | T 17 Jan 2020 $35.00 C | $ 52.00 | ( $ -450.40 ) | → #441 | $ 44,418.76 | ➤ $ 43,319.76 |
| #308 | 2019-02-20 | : | -4 | × | T 17 Jan 2020 $35.00 C | $ 213.00 | ( $ -1,801.62 ) | → #441 | $ 44,817.16 | ➤ $ 43,718.16 |
| #307 | 2019-02-20 | : | -2 | × | ADM 20 Sep 2019 $45.00 C | $ 234.00 | ( $ -0.98 ) | $ 46,405.78 | ➤ $ 45,306.78 | |
| #306 | 2019-02-07 | : | -1 | × | IP 17 Jan 2020 $47.50 C | $ 337.00 | ( $ -59.18 ) | $ 46,172.76 | ➤ $ 45,073.76 | |
| #305 | 2019-02-07 | : | -1 | × | INTC 14 Jan 2021 $50.00 C | $ 679.00 | ( $ -1.10 ) | $ 45,894.94 | ➤ $ 44,795.94 | |
| #304 | 2019-02-07 | : | -1 | × | AAPL 17 Jan 2020 $180.00 C | $ 1,380.00 | ( $ -2,246.75 ) | → #339 | $ 45,217.04 | ➤ $ 44,797.04 |
| #303 | 2019-01-24 | : | -1 | × | WSM 15 Feb 2019 $55.00 C | $ 42.00 | ( $ -1.09 ) | $ 46,083.79 | ➤ $ 45,663.79 | |
| #302 | 2019-01-24 | : | -19 | × | F 17 Jan 2020 $10.00 C | $ 722.00 | ( $ -238.39 ) | $ 46,042.88 | ➤ $ 45,622.88 | |
| #301 | 2019-01-24 | : | -1 | × | F 17 Jan 2020 $10.00 C | $ 36.00 | ( $ -13.32 ) | $ 45,559.27 | ➤ $ 45,139.27 | |
| #300 | 2019-01-24 | : | -1 | × | AFL 15 Jan 2021 $50.00 C | $ 420.00 | ( $ -1.09 ) | $ 45,536.59 | ➤ $ 45,116.59 |
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.
March 2020:
| #435 | 2019-12-18 | : | -1 | × | LYB 20 Mar 2020 $80.00 P | $ 120.00 | ( $ -0.35 ) | → In the money by 49% — caution! | ||
| #405 | 2019-10-18 | : | -1 | × | ADM 20 Mar 2020 $45.00 C | $ 53.00 | ( $ -1.10 ) | → Out of the money with a 27% safety margin | ||
| #402 | 2019-10-01 | : | -3 | × | PFE 20 Mar 2020 $40.00 C | $ 132.00 | ( $ -1.13 ) | → Out of the money with a 19% safety margin | ||
| #399 | 2019-10-01 | : | -1 | × | HRL 20 Mar 2020 $47.50 C | $ 125.00 | ( $ -0.60 ) | → In the money by 2% — caution! | ||
| #398 | 2019-10-01 | : | -2 | × | ADM 20 Mar 2020 $45.00 C | $ 160.00 | ( $ -0.99 ) | → Out of the money with a 27% safety margin |
April 2020:
| #450 | 2020-01-21 | : | -1 | × | TXN 17 Apr 2020 $115.00 P | $ 128.00 | ( $ -0.80 ) | → In the money by 13% — caution! | ||
| #449 | 2020-01-21 | : | -2 | × | TJX 17 Apr 2020 $67.50 C | $ 110.00 | ( $ -0.01 ) | → Out of the money with a 39% safety margin | ||
| #438 | 2019-12-18 | : | -2 | × | TJX 17 Apr 2020 $55.00 P | $ 174.00 | ( $ -1.50 ) | → In the money by 26% — caution! | ||
| #432 | 2019-12-18 | : | -1 | × | AMT 17 Apr 2020 $180.00 P | $ 200.00 | ( $ -0.35 ) | → Out of the money with a 21% safety margin | ||
| #429 | 2019-11-27 | : | -1 | × | SBUX 17 Apr 2020 $77.50 P | $ 158.00 | ( $ -1.53 ) | → In the money by 28% — caution! | ||
| #425 | 2019-11-26 | : | -1 | × | NKE 17 Apr 2020 $77.50 P | $ 102.00 | ( $ -1.10 ) | → In the money by 12% — caution! | ||
| #423 | 2019-11-26 | : | -1 | × | MRK 17 Apr 2020 $75.00 P | $ 107.00 | ( $ -0.80 ) | → In the money by 4% — caution! | ||
| #422 | 2019-11-26 | : | -1 | × | MMM 17 Apr 2020 $160.00 P | $ 555.00 | ( $ -0.81 ) | → In the money by 14% — caution! | ||
| #420 | 2019-11-26 | : | -1 | × | LOW 17 Apr 2020 $95.00 P | $ 111.00 | ( $ -0.80 ) | → In the money by 32% — caution! | ||
| #417 | 2019-11-26 | : | -1 | × | ICE 19 Jun 2020 $80.00 P | $ 133.00 | ( $ -0.25 ) | → In the money by 12% — caution! | ||
| #404 | 2019-10-01 | : | -1 | × | TJX 17 Apr 2020 $50.00 P | $ 180.00 | ( $ -0.30 ) | → In the money by 18% — caution! |
All but one put option expiring in the next two months are deep in the money, so I'll have to monitor these options very carefully. I'll probably close some of these for a loss and attempt to roll forward the others.
Concluding Remarks
February 2020
Total
Options Income |
Secured
Options Income | ||
End of Month:
|
$ 71,825
|
$ 49,871
| |
Previous Month:
|
$ 72,485
|
$ 48,572
| |
This Month:
|
$ -660
|
$ 1,299
|
Unfortunately, 2020 kicked off with a slow start! So far this year, I've lost $1,086 in options income. Given my goal to collect $24,000 in options income in 2020, I'll now have to earn $25,086 in the remaining 10 months to achieve my options income goal!
Total
Options Income |
Secured
Options Income | ||
End of Month:
|
$ 71,825
|
$ 49,871
| |
Previous Month:
|
$ 72,485
|
$ 48,572
| |
This Month:
|
$ -660
|
$ 1,299
|
In 44 months of options trading, I've collected options income totaling $71,825.
Still a lot of year left to turn this around and make solid gains. Maybe not your goal, but any profit this year will be a major victory I think!
ReplyDeleteI certainly hope things will turn around, Joe M! That would mean Covit-19 is over and/or things have improved enough that people see a light at the end of the tunnel of doom and gloom!
Delete