Monday, May 25, 2020

Options Update: March and April 2020

I somehow missed writing an Options Update article in March, so this one covers options trades I executed in the past two months.

The novel coronavirus (Covid-19) continues to challenge us and the economy is taking a massive beating. Volatility remains high but has actually decreased since March.

It remains highly unlikely that I will achieve my 2020 goal to collect at least $24,000 in options income. I'm in a hole at this point, meaning I'd have to collect more than $24,000 in about eight months to achieve my options income goal...

Of the five options that were scheduled to expire in March, I closed one, rolled forward another, and had three expire. And in April, five options expired and I rolled forward two options to avoid assignment.

Recap


Below is a snapshot of my March and April options trades:



Assigned Options


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

There were no assignments in March and April. 

Expired Options


In March, the following options expired:

#4052019-10-18:-1×ADM 20 Mar 2020 $45.00 C $         53.00 ( $  -1.10 )
4022019-10-01:-3×PFE 20 Mar 2020 $40.00 C $       132.00 ( $  -1.13 )
#3982019-10-01:-2×ADM 20 Mar 2020 $45.00 C $       160.00 ( $ -0.99 )

The linked article provides more detail. I secured options income totaling $342 with these trades.

In April, the following options expired:

#4642020-03-19:-2×MAIN 17 Apr 2020 $15.00 P $       380.00 ( $  0.00 )
#4492020-01-21:-2×TJX 17 Apr 2020 $67.50 C $       110.00 ( $ -0.01 )
#4252019-11-26:-1×NKE 17 Apr 2020 $77.50 P $       102.00 ( $ -1.10 )
#4232019-11-26:-1×MRK 17 Apr 2020 $75.00 P $       107.00 ( $ -0.80 )

I secured options income of $697 with these trades. I haven't done any options trading since these expirations, but I'll consider additional trades soon.

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 March, I closed the following options early:

#4582020-03-09:-1×LYB 15 Jan 2021 $70.00 P $    1,590.00 ( $ -3,100.61 )
#4462020-01-21:-2×CSX 15 May 2020 $67.50 P $       240.00 ( $ -3,201.79 )
#3932019-09-20:-2×MO 15 Jan 2021 $45.00 P $    2,029.00 ( $ -2,101.77 )

Closing these options early cost me $4,545 in secured options income. The market action in March made it necessary for me to take some losses. While it is painful to take such losses, it is better to get out of put options trades that go wildly against you instead of hoping you don't get assigned early. I no longer want to own LyondellBasell Industries N.V. (LYB), while CSX and MO traded substantially below the strike prices of the puts I'd sold.

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 in March and April:

#4692020-04-17:-1×TXN 18 Sep 2020 $95.00 P $       660.00 ( $          -0.66 )
#4502020-01-21:-1×TXN 17 Apr 2020 $115.00 P $       128.00 ( $      -306.44 )→ #469
#4682020-04-17:-1×LOW 17 Jul 2020 $90.00 P $       702.00 ( $          -0.66 )
#4202019-11-26:-1×LOW 17 Apr 2020 $95.00 P $       111.00 ( $        -41.44 )→ #468
#4632020-03-18:-1×HRL 15 Jan 2021 $52.50 C $       520.00 ( $          -0.25 )
#3992019-10-01:-1×HRL 20 Mar 2020 $47.50 C $       125.00 ( $      -280.83 )→ #463
#4622020-03-16:-3×TJX 15 Jan 2021 $45.00 P $    2,450.00 ( $          -1.83 )
#4382019-12-18:-2×TJX 17 Apr 2020 $55.00 P $       174.00 ( $   -2,476.67 )→ #462
#4042019-10-01:-1×TJX 17 Apr 2020 $50.00 P $       180.00 ( $      -802.24 )→ #462
#4612020-03-16:-2×SBUX 15 Jan 2021 $65.00 P $    2,603.00 ( $          -1.35 )
#4542020-03-02:-1×SBUX 17 Apr 2020 $70.00 P $       111.00 ( $      -978.44 )→ #461
#4292019-11-27:-1×SBUX 17 Apr 2020 $77.50 P $       158.00 ( $   -1,543.17 )→ #461
#4602020-03-16:-1×MMM 15 Jan 2021 $130.00 P $    2,344.00 ( $          -0.70 )
#4222019-11-26:-1×MMM 17 Apr 2020 $160.00 P $    3,441.00 ( $          -1.45 )→ #460
#4592020-03-16:-2×ICE 15 Jan 2021 $75.00 P $    2,235.00 ( $          -0.63 )
#4342019-12-18:-1×ICE 19 Jun 2020 $85.00 P $       195.00 ( $   -1,285.58 )→ #459
#4172019-11-26:-1×ICE 19 Jun 2020 $80.00 P $       133.00 ( $   -1,000.59 )→ #459
#4582020-03-09:-1×LYB 15 Jan 2021 $70.00 P $    1,590.00 ( $   -3,100.61 )
#4352019-12-18:-1×LYB 20 Mar 2020 $80.00 P $       120.00 ( $   -1,755.58 )→ #458
#4562020-03-09:-3×BEN 20 Nov 2020 $22.50 P $    1,366.00 ( $          -1.44 )
#4422020-01-15:-3×BEN 17 Jul 2020 $27.50 P $       978.00 ( $   -2,502.74 )→ #456

I netted $4,241 with all these trades, which mostly covered the losses I sustained with the closing trades mentioned earlier.

Covered Calls


Selling covered calls is a way to collect extra income on stocks you already own. I didn't sell any covered calls in March and April.

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 March:

#4672020-03-19:-1×SPG 15 May 2020 $40.00 P $       560.00 ( $          -0.81 )
#4662020-03-19:-1×O 19 Jun 2020 $37.50 P $       350.00 ( $          -0.30 )
#4652020-03-19:-1×NNN 19 Jun 2020 $22.50 P $       190.00 ( $          -0.30 )
#4642020-03-19:-2×MAIN 17 Apr 2020 $15.00 P $       380.00 ( $            0.00 )
#4572020-03-09:-1×HRL 19 Jun 2020 $40.00 P $       155.00 ( $          -0.35 )
#4562020-03-09:-3×BEN 20 Nov 2020 $22.50 P $    1,366.00 ( $          -1.44 )
#4552020-03-02:-1×UNP 15 May 2020 $145.00 P $       535.00 ( $          -0.81 )
#4542020-03-02:-1×SBUX 17 Apr 2020 $70.00 P $       111.00 ( $      -978.44 )→ #461

The options I sold on MAIN expired, while I rolled forward the SBUX put option before expiration.

#467 : 2020-03-19: Sold to Open 1 Contract of Option SPG May 15 2020 40.00 P

I'm willing to buy 100 shares of Simon Property Group, Inc. (SPG) for $40.00 per share on or before 15 May. SPG closed at $55.74 per share on the date of my trade:

Open Date :  2020-03-19
Expiration Date :  2020-05-15    Number of Days in Trade : 57
Price at Close :  $55.74 per shareDiscount at Strike Price : 28.24%
Strike Price :  $40.00 per share
Number of Contracts : 1Number of Shares :100
Put Premium :  $5.60 per shareOptions Income : $560.00
Commission : -$0.81
Net Premium :  $5.592 per shareNet Options Income : $559.19
Options Yield :  10.03%Annualized Options Yield : 64.28%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $34.39Discount if Exercised : 38.30%

This put option trade yields 10.03%, or 64.28% on an annualized basis. At $55.74 per share, SPG yields 15.07%, so I'm boosting dividend income by a factor of 4.27. If the option is exercised, I'll buy 100 shares at a cost basis of $34.39 per share, a discount of 38.30%.


#466 : 2020-03-19: Sold to Open 1 Contract of Option O Jun 19 2020 37.50 P

I'm willing to buy 100 shares of Realty Income Corporation (O) for $37.50 per share on or before 19 June. O closed at $48.08 per share on the date of my trade:

Open Date :  2020-03-19
Expiration Date :  2020-06-19    Number of Days in Trade : 92
Price at Close :  $48.08 per shareDiscount at Strike Price : 22.00%
Strike Price :  $37.50 per share
Number of Contracts : 1Number of Shares :100
Put Premium :  $3.50 per shareOptions Income : $350.00
Commission : -$0.30
Net Premium :  $3.497 per shareNet Options Income : $349.70
Options Yield :  7.27%Annualized Options Yield : 28.88%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $34.00Discount if Exercised : 29.29%

This put option trade yields 7.27%, or 28.88% on an annualized basis. At $48.08 per share, O yields 5.82%, so I'm boosting dividend income by a factor of 4.97. If the option is exercised, I'll buy 100 shares at a cost basis of $34.00 per share, a discount of 29.29%.


#465 : 2020-03-19: Sold to Open 1 Contract of Option NNN Jun 19 2020 22.50 P

I'm willing to buy 100 shares of National Retail Properties, Inc. (NNN) for $22.50 per share on or before 19 June. NNN closed at $30.15 per share on the date of my trade:

Open Date :  2020-03-19
Expiration Date :  2020-06-19    Number of Days in Trade : 92
Price at Close :  $30.15 per shareDiscount at Strike Price : 25.37%
Strike Price :  $22.50 per share
Number of Contracts : 1Number of Shares :100
Put Premium :  $1.90 per shareOptions Income : $190.00
Commission : -$0.30
Net Premium :  $1.897 per shareNet Options Income : $189.70
Options Yield :  6.29%Annualized Options Yield : 24.98%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $20.60Discount if Exercised : 31.68%

This put option trade yields 6.29%, or 24.98% on an annualized basis. At $30.15 per share, NNN yields 6.83%, so I'm boosting dividend income by a factor of 3.66. If the option is exercised, I'll buy 100 shares at a cost basis of $20.60 per share, a discount of 31.68%.


#464 : 2020-03-19: Sold to Open 2 Contracts of Option MAIN Apr 17 2020 15.00 P

I'm willing to buy 200 shares of Main Street Capital Corporation (MAIN) for $15.00 per share on or before 17 April. MAIN closed at $19.04 per share on the date of my trade:

Open Date :  2020-03-19
Expiration Date :  2020-04-17    Number of Days in Trade : 29
Price at Close :  $19.04 per shareDiscount at Strike Price : 21.22%
Strike Price :  $15.00 per share
Number of Contracts : 2Number of Shares :200
Put Premium :  $1.90 per shareOptions Income : $380.00
Commission : $0.00
Net Premium :  $1.900 per shareNet Options Income : $380.00
Options Yield :  9.98%Annualized Options Yield : 125.68%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $13.10Discount if Exercised : 31.20%

This put option trade yields 9.98%, or 125.68% on an annualized basis. At $19.04 per share, MAIN yields 12.92%, so I'm boosting dividend income by a factor of 9.73. If the options are exercised, I'll buy 200 shares at a cost basis of $13.10 per share, a discount of 31.20%.


#457 : 2020-03-09: Sold to Open 1 Contract of Option HRL Jun 19 2020 40.00 P

I'm willing to buy 100 shares of Hormel Foods Corporation (HRL) for $40.00 per share on or before 19 June. HRL closed at $43.41 per share on the date of my trade:

Open Date :  2020-03-09
Expiration Date :  2020-06-19    Number of Days in Trade : 102
Price at Close :  $43.41 per shareDiscount at Strike Price : 7.86%
Strike Price :  $40.00 per share
Number of Contracts : 1Number of Shares :100
Put Premium :  $1.55 per shareOptions Income : $155.00
Commission : -$0.35
Net Premium :  $1.547 per shareNet Options Income : $154.65
Options Yield :  3.56%Annualized Options Yield : 12.76%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $38.45Discount if Exercised : 11.43%

This put option trade yields 3.56%, or 12.76% on an annualized basis. At $43.41 per share, HRL yields 2.14%, so I'm boosting dividend income by a factor of 5.95. If the option is exercised, I'll buy 100 shares at a cost basis of $38.45 per share, a discount of 11.43%.


#456 : 2020-03-09: Sold to Open 3 Contracts of Option BEN Nov 20 2020 22.50 P

I'm willing to buy 300 shares of Franklin Resources, Inc. (BEN) for $22.50 per share on or before 20 November. BEN closed at $19.51 per share on the date of my trade:

Open Date :  2020-03-09
Expiration Date :  2020-11-20    Number of Days in Trade : 256
Price at Close :  $19.51 per shareDiscount at Strike Price : -15.33%
Strike Price :  $22.50 per share
Number of Contracts : 3Number of Shares :300
Put Premium :  $4.55 per shareOptions Income : $1,366.00
Commission : -$1.44
Net Premium :  $4.549 per shareNet Options Income : $1,364.56
Options Yield :  23.31%Annualized Options Yield : 33.26%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $17.94Discount if Exercised : 8.04%

This put option trade yields 23.31%, or 33.26% on an annualized basis. At $19.51 per share, BEN yields 5.54%, so I'm boosting dividend income by a factor of 6.01. If the options are exercised, I'll buy 300 shares at a cost basis of $17.94 per share, a discount of 8.04%.


#455 : 2020-03-02: Sold to Open 1 Contract of Option UNP May 15 2020 145.00 P

I'm willing to buy 100 shares of Union Pacific Corporation (UNP) for $145.00 per share on or before 15 May. UNP closed at $160.34 per share on the date of my trade:

Open Date :  2020-03-02
Expiration Date :  2020-05-15    Number of Days in Trade : 74
Price at Close :  $160.34 per shareDiscount at Strike Price : 9.57%
Strike Price :  $145.00 per share
Number of Contracts : 1Number of Shares :100
Put Premium :  $5.35 per shareOptions Income : $535.00
Commission : -$0.81
Net Premium :  $5.342 per shareNet Options Income : $534.19
Options Yield :  3.33%Annualized Options Yield : 16.44%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $139.64Discount if Exercised : 12.91%

This put option trade yields 3.33%, or 16.44% on an annualized basis. At $160.34 per share, UNP yields 2.42%, so I'm boosting dividend income by a factor of 6.80. If the option is exercised, I'll buy 100 shares at a cost basis of $139.64 per share, a discount of 12.91%.


#454 : 2020-03-02: Sold to Open 1 Contract of Option SBUX Apr 17 2020 70.00 P

I'm willing to buy 100 shares of Starbucks Corporation (SBUX) for $70.00 per share on or before 17 April. SBUX closed at $82.38 per share on the date of my trade:

Open Date :  2020-03-02
Expiration Date :  2020-04-17    Number of Days in Trade : 46
Price at Close :  $82.38 per shareDiscount at Strike Price : 15.03%
Strike Price :  $70.00 per share
Number of Contracts : 1Number of Shares :100
Put Premium :  $1.11 per shareOptions Income : $111.00
Commission : -$1.00
Net Premium :  $1.100 per shareNet Options Income : $110.00
Options Yield :  1.34%Annualized Options Yield : 10.60%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $68.88Discount if Exercised : 16.39%

This put option trade yields 1.34%, or 10.60% on an annualized basis. At $82.38 per share, SBUX yields 1.99%, so I'm boosting dividend income by a factor of 5.33. If the option is exercised, I'll buy 100 shares at a cost basis of $68.88 per share, a discount of 16.39%.


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%. Given market volatility, all of these put trades easily will result in discounts of at least 10% or boost factors of at least 5.

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 


IDDATE:NO×TICKER OPTIONINCOME( EXPENSES )ROLLEDTOTAL➤ SECURED
#4692020-04-17:-1×TXN 18 Sep 2020 $95.00 P $       660.00 ( $          -0.66 )$    70,082.13 ➤ $    39,448.13 
#4682020-04-17:-1×LOW 17 Jul 2020 $90.00 P $       702.00 ( $          -0.66 )$    69,422.79 ➤ $    39,448.79 
#4672020-03-19:-1×SPG 15 May 2020 $40.00 P $       560.00 ( $          -0.81 )$    68,721.45 ➤ $    39,449.45 
#4662020-03-19:-1×O 19 Jun 2020 $37.50 P $       350.00 ( $          -0.30 )$    68,162.26 ➤ $    39,450.26 
#4652020-03-19:-1×NNN 19 Jun 2020 $22.50 P $       190.00 ( $          -0.30 )$    67,812.56 ➤ $    39,450.56 
#4642020-03-19:-2×MAIN 17 Apr 2020 $15.00 P $       380.00 ( $            0.00 )$    67,622.86 ➤ $    39,450.86 
#4632020-03-18:-1×HRL 15 Jan 2021 $52.50 C $       520.00 ( $          -0.25 )$    67,242.86 ➤ $    39,070.86 
#4622020-03-16:-3×TJX 15 Jan 2021 $45.00 P $    2,450.00 ( $          -1.83 )$    66,723.11 ➤ $    39,071.11 
#4612020-03-16:-2×SBUX 15 Jan 2021 $65.00 P $    2,603.00 ( $          -1.35 )$    64,274.94 ➤ $    39,072.94 
#4602020-03-16:-1×MMM 15 Jan 2021 $130.00 P $    2,344.00 ( $          -0.70 )$    61,673.29 ➤ $    39,074.29 
#4592020-03-16:-2×ICE 15 Jan 2021 $75.00 P $    2,235.00 ( $          -0.63 )$    59,329.99 ➤ $    39,074.99 
#4582020-03-09:-1×LYB 15 Jan 2021 $70.00 P $    1,590.00 ( $   -3,100.61 )$    57,095.62 ➤ $    39,075.62 
#4572020-03-09:-1×HRL 19 Jun 2020 $40.00 P $       155.00 ( $          -0.35 )$    58,606.23 ➤ $    40,586.23 
#4562020-03-09:-3×BEN 20 Nov 2020 $22.50 P $    1,366.00 ( $          -1.44 )$    58,451.58 ➤ $    40,586.58 
#4552020-03-02:-1×UNP 15 May 2020 $145.00 P $       535.00 ( $          -0.81 )$    57,087.02 ➤ $    40,588.02 
#4542020-03-02:-1×SBUX 17 Apr 2020 $70.00 P $       111.00 ( $      -978.44 )→ #461$    56,552.83 ➤ $    40,588.83 
#4532020-02-11:-1×MSFT 15 Jan 2021 $155.00 P $       633.00 ( $          -1.11 )$    57,420.27 ➤ $    41,456.27 
#4522020-02-11:-1×INTC 15 Jan 2021 $50.00 P $       139.00 ( $          -0.80 )$    56,788.38 ➤ $    41,457.38 
#4512020-02-11:-1×AAPL 15 Jan 2021 $255.00 P $       865.00 ( $          -1.10 )$    56,650.18 ➤ $    41,458.18 
#4502020-01-21:-1×TXN 17 Apr 2020 $115.00 P $       128.00 ( $      -306.44 )→ #469$    55,786.28 ➤ $    41,459.28 
#4492020-01-21:-2×TJX 17 Apr 2020 $67.50 C $       110.00 ( $          -0.01 )$    55,964.72 ➤ $    41,637.72 
#4482020-01-21:-2×ORCL 19 Jun 2020 $47.50 P $       150.00 ( $          -1.49 )$    55,854.73 ➤ $    41,527.73 
#4472020-01-21:-2×GILD 15 May 2020 $55.00 P $       162.00 ( $          -0.89 )$    55,706.22 ➤ $    41,529.22 
#4462020-01-21:-2×CSX 15 May 2020 $67.50 P $       240.00 ( $   -3,201.79 )$    55,545.11 ➤ $    41,530.11 
#4452020-01-15:-2×KO 18 Sep 2020 $55.00 C $       717.00 ( $          -1.70 )$    58,506.90 ➤ $    44,491.90 
#4442020-01-15:-1×D 17 Jul 2020 $82.50 C $       267.00 ( $          -0.30 )$    57,791.60 ➤ $    44,493.60 
#4432020-01-15:-2×CMCSA 17 Jul 2020 $47.50 C $       402.00 ( $          -1.50 )$    57,524.90 ➤ $    44,493.90 
#4422020-01-15:-3×BEN 17 Jul 2020 $27.50 P $       978.00 ( $   -2,502.74 )→ #456$    57,124.40 ➤ $    44,495.40 
#4412020-01-08:-5×T 21 Jan 2022 $40.00 C $    1,452.00 ( $          -2.11 )$    58,649.14 ➤ $    46,020.14 
#4402019-12-18:-2×XEL 17 Jun 2020 $55.00 P $       150.00 ( $          -0.21 )$    57,199.25 ➤ $    46,022.25 
#4392019-12-18:-1×TSM 21 Jan 2022 $60.00 C $       808.00 ( $          -0.31 )$    57,049.46 ➤ $    46,022.46 
#4382019-12-18:-2×TJX 17 Apr 2020 $55.00 P $       174.00 ( $   -2,476.67 )→ #462$    56,241.77 ➤ $    46,022.77 
#4372019-12-18:-1×SBUX 21 Feb 2020 $85.00 P $       187.00 ( $          -0.80 )$    58,544.44 ➤ $    48,325.44 
#4362019-12-18:-1×PSX 21 Feb 2020 $110.00 P $       270.00 ( $          -0.35 )$    58,358.24 ➤ $    48,139.24 
#4352019-12-18:-1×LYB 20 Mar 2020 $80.00 P $       120.00 ( $   -1,755.58 )→ #458$    58,088.59 ➤ $    47,869.59 
#4342019-12-18:-1×ICE 19 Jun 2020 $85.00 P $       195.00 ( $   -1,285.58 )→ #459$    59,724.17 ➤ $    49,505.17 
#4332019-12-18:-2×HRL 20 Mar 2020 $40.00 P $       104.00 ( $        -19.90 )$    60,814.75 ➤ $    50,595.75 
#4322019-12-18:-1×AMT 17 Apr 2020 $180.00 P $       200.00 ( $          -0.35 )$    60,730.65 ➤ $    50,511.65 
#4312019-12-18:-1×ABT 15 May 2020 $75.00 P $       117.00 ( $          -0.80 )$    60,531.00 ➤ $    50,312.00 
#4302019-12-12:-2×TROW 17 Jul 2020 $120.00 C $    2,209.00 ( $          -1.64 )$    60,414.80 ➤ $    50,312.80 
#4292019-11-27:-1×SBUX 17 Apr 2020 $77.50 P $       158.00 ( $   -1,543.17 )→ #461$    58,207.44 ➤ $    50,314.44 
#4282019-11-26:-1×WMT 19 Jun 2020 $100.00 P $       158.00 ( $          -0.65 )$    59,592.61 ➤ $    51,699.61 
#4272019-11-26:-1×V 20 Mar 2020 $155.00 P $       127.00 ( $        -11.19 )$    59,435.26 ➤ $    51,700.26 
#4262019-11-26:-1×UNP 21 Feb 2020 $160.00 P $       217.00 ( $          -0.80 )$    59,319.45 ➤ $    51,584.45 
#4252019-11-26:-1×NKE 17 Apr 2020 $77.50 P $       102.00 ( $          -1.10 )$    59,103.25 ➤ $    51,368.25 
#4242019-11-26:-1×MSFT 20 Mar 2020 $130.00 P $       119.00 ( $          -8.37 )$    59,002.35 ➤ $    51,267.35 
#4232019-11-26:-1×MRK 17 Apr 2020 $75.00 P $       107.00 ( $          -0.80 )$    58,891.72 ➤ $    51,156.72 
#4222019-11-26:-1×MMM 17 Apr 2020 $160.00 P $    3,441.00 ( $          -1.45 )→ #460$    58,785.52 ➤ $    51,050.52 
#4212019-11-26:-1×MCD 20 Mar 2020 $170.00 P $       126.00 ( $        -10.32 )$    55,345.97 ➤ $    47,610.97 
#4202019-11-26:-1×LOW 17 Apr 2020 $95.00 P $       111.00 ( $        -41.44 )→ #468$    55,230.29 ➤ $    47,495.29 
#4192019-11-26:-1×LLY 17 Apr 2020 $100.00 P $       140.00 ( $        -10.74 )$    55,160.73 ➤ $    47,425.73 
#4182019-11-26:-1×JNJ 20 Mar 2020 $120.00 P $       115.00 ( $          -9.89 )$    55,031.47 ➤ $    47,296.47 
#4172019-11-26:-1×ICE 19 Jun 2020 $80.00 P $       133.00 ( $   -1,000.59 )→ #459$    54,926.36 ➤ $    47,191.36 
#4162019-11-13:-2×XOM 17 Apr 2020 $75.00 C $       194.00 ( $        -11.74 )$    55,793.95 ➤ $    48,058.95 
#4152019-11-13:-1×WFC 19 Jun 2020 $60.00 C $       112.00 ( $        -10.19 )$    55,611.69 ➤ $    47,876.69 
#4142019-11-13:-1×TXN 17 Jan 2020 $110.00 P $       144.00 ( $          -1.10 )$    55,509.88 ➤ $    47,774.88 
#4132019-11-13:-5×SKT 19 Jun 2020 $20.00 C $       120.00 ( $        -30.70 )$    55,366.98 ➤ $    47,631.98 
#4122019-11-13:-1×PM 19 Jun 2020 $100.00 C $       102.00 ( $          -0.65 )$    55,277.68 ➤ $    47,542.68 
#4112019-11-13:-1×JNJ 20 Mar 2020 $140.00 C $       163.00 ( $          -0.65 )$    55,176.33 ➤ $    47,543.33 
#4102019-11-13:-1×IBM 17 Apr 2020 $120.00 P $       269.00 ( $        -10.59 )$    55,013.98 ➤ $    47,380.98 
#4092019-11-13:-2×ABBV 15 Jan 2021 $90.00 C $    1,310.00 ( $          -1.52 )$    54,755.57 ➤ $    47,122.57 
#4082019-10-18:-2×TSM 15 Jan 2021 $50.00 C $    1,083.00 ( $            0.00 )$    53,447.09 ➤ $    47,124.09 
#4072019-10-18:-2×TROW 20 Dec 2019 $115.00 C $       339.00 ( $   -2,090.59 )→ #430$    52,364.09 ➤ $    47,124.09 
#4062019-10-18:-2×TJX 17 Jan 2020 $65.00 C $       188.00 ( $            0.00 )$    54,115.68 ➤ $    48,875.68 
#4052019-10-18:-1×ADM 20 Mar 2020 $45.00 C $         53.00 ( $          -1.10 )$    53,927.68 ➤ $    48,687.68 
#4042019-10-01:-1×TJX 17 Apr 2020 $50.00 P $       180.00 ( $      -802.24 )→ #462$    53,875.78 ➤ $    48,635.78 
#4032019-10-01:-1×SNA 15 Nov 2019 $145.00 P $       260.00 ( $          -0.35 )$    54,498.02 ➤ $    49,258.02 
#4022019-10-01:-3×PFE 20 Mar 2020 $40.00 C $       132.00 ( $          -1.13 )$    54,238.37 ➤ $    48,998.37 
#4012019-10-01:-1×MRK 15 Nov 2019 $80.00 P $       127.00 ( $          -1.58 )$    54,107.50 ➤ $    48,867.50 
#4002019-10-01:-1×MDT 17 Jan 2020 $100.00 P $       196.00 ( $          -0.80 )$    53,982.08 ➤ $    48,742.08 
#3992019-10-01:-1×HRL 20 Mar 2020 $47.50 C $       125.00 ( $      -280.83 )→ #463$    53,786.88 ➤ $    48,546.88 
#3982019-10-01:-2×ADM 20 Mar 2020 $45.00 C $       160.00 ( $          -0.99 )$    53,942.71 ➤ $    48,702.71 
#3972019-10-01:-2×ADM 15 Nov 2019 $40.00 P $       228.00 ( $          -1.00 )$    53,783.70 ➤ $    48,543.70 
#3962019-09-20:-1×ORCL 17 Jan 2020 $52.50 P $       213.00 ( $          -1.59 )$    53,556.70 ➤ $    48,316.70 
#3952019-09-20:-1×MSFT 21 Jan 2022 $155.00 C $    1,490.00 ( $          -0.68 )$    53,345.29 ➤ $    48,105.29 
#3942019-09-20:-2×MO 20 Mar 2020 $50.00 C $       120.00 ( $        -20.18 )$    51,855.97 ➤ $    48,105.97 
#3932019-09-20:-2×MO 15 Jan 2021 $45.00 P $    2,029.00 ( $   -2,101.77 )$    51,756.15 ➤ $    48,006.15 
#3922019-09-20:-1×LOW 17 Jan 2020 $125.00 C $       182.00 ( $          -0.80 )$    51,828.92 ➤ $    48,078.92 
#3912019-09-20:-3×INTC 15 Nov 2019 $45.00 P $       129.00 ( $          -3.83 )$    51,647.72 ➤ $    47,897.72 
#3902019-09-20:-2×INTC 15 Nov 2019 $55.00 C $       168.00 ( $          -1.59 )$    51,522.55 ➤ $    47,772.55 
#3892019-09-20:-2×GILD 21 Feb 2020 $75.00 C $       266.00 ( $        -13.23 )$    51,356.14 ➤ $    47,606.14 
#3882019-09-20:-2×GILD 17 Jan 2020 $60.00 P $       270.00 ( $          -2.56 )$    51,103.37 ➤ $    47,353.37 
#3872019-09-20:-2×CSX 17 Jan 2020 $70.00 P $       820.00 ( $          -1.80 )$    50,835.93 ➤ $    47,085.93 
#3862019-08-16:-1×XOM 17 Jan 2020 $80.00 C $         33.00 ( $          -4.69 )→ #416$    50,017.73 ➤ $    46,267.73 
#3852019-08-16:-1×DGX 21 Feb 2020 $100.00 C $       675.00 ( $          -0.31 )$    49,989.42 ➤ $    46,239.42 
#3842019-08-14:-1×TIF 17 Jan 2020 $85.00 P $       769.00 ( $          -1.66 )$    49,314.73 ➤ $    45,564.73 
#3832019-08-02:-1×XOM 18 Oct 2019 $67.50 P $       135.00 ( $          -0.80 )$    48,547.39 ➤ $    44,797.39 
#3822019-08-02:-1×VZ 18 Oct 2019 $52.50 P $       108.00 ( $          -0.96 )$    48,413.19 ➤ $    44,663.19 
#3812019-08-02:-3×PFE 20 Sep 2019 $40.00 C $       138.00 ( $          -2.39 )$    48,306.15 ➤ $    44,556.15 
#3802019-08-02:-1×MRK 20 Sep 2019 $80.00 P $       110.00 ( $          -1.09 )$    48,170.54 ➤ $    44,420.54 
#3792019-08-02:-1×MDT 20 Sep 2019 $97.50 P $       158.00 ( $          -0.80 )$    48,061.63 ➤ $    44,311.63 
#3782019-07-25:-2×NKE 18 Oct 2019 $75.00 P $       124.00 ( $          -0.99 )$    47,904.43 ➤ $    44,154.43 
#3772019-07-25:-2×MS 15 Nov 2019 $42.00 P $       263.00 ( $          -0.85 )$    47,781.42 ➤ $    44,031.42 
#3762019-07-25:-1×LLY 17 Jan 2020 $85.00 P $       106.00 ( $          -7.74 )→ #419$    47,519.27 ➤ $    43,769.27 
#3752019-07-25:-1×AAPL 18 Oct 2019 $180.00 P $       180.00 ( $          -0.65 )$    47,421.01 ➤ $    43,671.01 
#3742019-07-22:-1×XOM 17 Jan 2020 $80.00 C $       127.00 ( $          -5.32 )→ #416$    47,241.66 ➤ $    43,491.66 
#3732019-07-22:-1×VLO 20 Dec 2019 $100.00 C $       105.00 ( $          -0.68 )$    47,119.98 ➤ $    43,369.98 
#3722019-07-22:-2×TSM 18 Oct 2019 $45.00 C $       380.00 ( $      -946.30 )→ #408$    47,015.66 ➤ $    43,265.66 
#3712019-07-22:-1×TRV 18 Oct 2019 $155.00 C $       255.00 ( $          -0.35 )$    47,581.96 ➤ $    43,831.96 
#3702019-07-22:-1×DIS 18 Oct 2019 $145.00 C $       407.00 ( $          -0.80 )$    47,327.31 ➤ $    43,577.31 
#3692019-07-22:-1×D 17 Jan 2020 $80.00 C $       175.00 ( $      -236.64 )→ #444$    46,921.11 ➤ $    43,171.11 
#368b2019-07-16:-1×ORCL 20 Sep 2019 $55.00 P $         76.00 ( $      -109.07 )→ #396$    46,982.75 ➤ $    43,232.75 
#368a2019-07-16:-1×ORCL 20 Sep 2019 $55.00 P $         76.00 ( $          -0.50 )$    47,015.82 ➤ $    43,265.82 
#3672019-07-16:-2×CSX 20 Sep 2019 $72.50 P $       150.00 ( $      -548.77 )→ #387$    46,940.32 ➤ $    43,190.32 
#3662019-06-28:-1×WMT 20 Dec 2019 $100.00 P $       213.00 ( $          -3.44 )→ #428$    47,339.09 ➤ $    43,589.09 
#3652019-06-28:-1×UTX 15 Nov 2019 $115.00 P $       222.00 ( $          -0.80 )$    47,129.53 ➤ $    43,379.53 
#3642019-06-28:-2×PEP 18 Oct 2019 $110.00 P $       118.00 ( $          -0.99 )$    46,908.33 ➤ $    43,158.33 
#3632019-06-28:-2×EMR 20 Dec 2019 $60.00 P $       374.00 ( $          -9.19 )$    46,791.32 ➤ $    43,041.32 
#3622019-06-28:-2×CL 15 Nov 2019 $65.00 P $       248.00 ( $          -1.00 )$    46,426.51 ➤ $    42,676.51 
#3612019-06-28:-3×BEN 17 Jan 2020 $30.00 P $       261.00 ( $   -1,413.35 )→ #442$    46,179.51 ➤ $    42,429.51 
#3602019-06-28:-2×ABBV 15 Nov 2019 $60.00 P $       224.00 ( $          -1.00 )$    47,331.86 ➤ $    43,581.86 
#3592019-06-28:-1×TSM 17 Jan 2020 $45.00 C $       105.00 ( $   -1,380.59 )→ #439$    47,108.86 ➤ $    43,358.86 
#3582019-06-28:-2×ABBV 15 Nov 2019 $80.00 C $       303.00 ( $   -1,332.34 )→ #409$    48,384.45 ➤ $    44,634.45 
#3572019-06-21:-3×GPS 17 Jan 2020 $20.00 C $       345.00 ( $      -111.72 )$    49,413.79 ➤ $    45,663.79 
#3562019-06-21:-1×CSCO 18 Oct 2019 $52.50 P $       120.00 ( $          -1.10 )$    49,180.51 ➤ $    45,430.51 
#3552019-05-29:-2×MS 16 Aug 2019 $40.00 P $       262.00 ( $        -18.44 )→ #377$    49,061.61 ➤ $    45,311.61 
#3542019-05-28:-2×DAL 20 Sep 2019 $50.00 P $       310.00 ( $          -1.00 )$    48,818.05 ➤ $    45,068.05 
#3532019-05-28:-2×CMCSA 17 Jan 2020 $45.00 C $       396.00 ( $      -260.07 )→ #443$    48,509.05 ➤ $    44,759.05 
#3522019-05-24:-3×SKT 17 Jan 2020 $20.00 C $       188.00 ( $        -26.08 )→ #413$    48,373.12 ➤ $    44,623.12 
#3512019-05-22:-2×SKT 17 Jan 2020 $20.00 C $       112.00 ( $        -16.78 )→ #413$    48,211.20 ➤ $    44,461.20 
#3502019-05-22:-2×GIS 19 Jul 2019 $50.00 P $       176.00 ( $          -1.00 )$    48,115.98 ➤ $    44,365.98 
#3492019-05-22:-2×ADM 20 Sep 2019 $35.00 P $       110.00 ( $          -0.75 )$    47,940.98 ➤ $    44,190.98 
#3482019-05-20:-1×SNA 20 Sep 2019 $140.00 P $       260.00 ( $          -1.10 )$    47,831.73 ➤ $    44,081.73 
#3472019-05-16:-2×GIS 18 Oct 2019 $47.50 P $       260.00 ( $          -1.60 )$    47,572.83 ➤ $    43,822.83 
#3462019-05-16:-1×AOS 18 Oct 2019 $45.00 P $       180.00 ( $          -1.10 )$    47,314.43 ➤ $    43,564.43 
#3452019-05-15:-2×WFC 18 Oct 2019 $42.50 P $       240.00 ( $          -1.00 )$    47,135.53 ➤ $    43,385.53 
#3442019-05-15:-1×TIF 16 Aug 2019 $90.00 P $       302.00 ( $      -638.29 )→ #384$    46,896.53 ➤ $    43,146.53 
#3432019-05-15:-2×SO 15 Nov 2019 $45.00 P $         88.00 ( $          -0.99 )$    47,232.82 ➤ $    43,482.82 
#3422019-05-15:-2×QCOM 18 Oct 2019 $65.00 P $       156.00 ( $          -0.99 )$    47,145.81 ➤ $    43,395.81 
#3412019-05-15:-1×INTC 20 Sep 2019 $40.00 P $       105.00 ( $          -0.80 )$    46,990.80 ➤ $    43,240.80 
#3402019-05-15:-1×DIS 19 Jul 2019 $140.00 C $       242.00 ( $          -0.80 )$    46,886.60 ➤ $    43,136.60 
#3392019-05-15:-1×AAPL 18 Jun 2021 $205.00 C $    2,323.00 ( $          -0.69 )$    46,645.40 ➤ $    42,895.40 
#3382019-04-23:-1×PG 15 Jan 2021 $105.00 C $       896.00 ( $   -2,201.60 )$    44,323.09 ➤ $    42,896.09 
#3372019-04-22:-1×WBA 17 Jan 2020 $65.00 C $       163.00 ( $          -0.80 )$    45,628.69 ➤ $    44,201.69 
#3362019-04-22:-2×WBA 17 Jan 2020 $65.00 C $       328.00 ( $          -0.85 )$    45,466.49 ➤ $    44,039.49 
#3352019-04-04:-1×WBA 18 Apr 2019 $55.00 P $       145.00 ( $          -3.16 )$    45,139.34 ➤ $    44,040.34 
#3342019-04-04:-1×HRL 20 Sep 2019 $45.00 C $       121.00 ( $          -0.30 )$    44,997.50 ➤ $    43,898.50 
#3332019-03-27:-1×XOM 20 Sep 2019 $85.00 C $       151.00 ( $        -10.73 )→ #374$    44,876.80 ➤ $    43,777.80 
#3322019-03-27:-2×PFE 20 Sep 2019 $45.00 C $       173.00 ( $        -20.02 )$    44,736.53 ➤ $    43,637.53 
#331b2019-03-27:-1×DGX 16 Aug 2019 $95.00 C $       170.50 ( $      -585.12 )→ #385$    44,583.55 ➤ $    43,484.55 
#331a2019-03-27:-1×DGX 16 Aug 2019 $95.00 C $       170.50 ( $          -0.84 )$    44,998.17 ➤ $    43,899.17 
#3302019-03-27:-2×ABBV 16 Aug 2019 $90.00 C $       264.00 ( $        -22.68 )→ #358$    44,828.50 ➤ $    43,729.50 
#3292019-03-27:-1×AAPL 16 Aug 2019 $170.00 P $       492.00 ( $        -28.19 )→ #375$    44,587.18 ➤ $    43,488.18 
#3282019-03-25:-1×VLO 21 Jun 2019 $95.00 C $       114.00 ( $          -0.79 )$    44,123.37 ➤ $    43,024.37 
#3272019-03-25:-1×VLO 17 May 2019 $80.00 P $       224.00 ( $          -0.79 )$    44,010.16 ➤ $    42,911.16 
#3262019-03-25:-1×TIF 17 May 2019 $100.00 P $       220.00 ( $      -211.48 )→ #344$    43,786.95 ➤ $    42,687.95 
#3252019-03-25:-2×GILD 16 Aug 2019 $70.00 C $       314.00 ( $          -0.99 )$    43,778.43 ➤ $    42,679.43 
#3242019-03-25:-1×DIS 21 Jun 2019 $105.00 P $       295.00 ( $        -10.46 )$    43,465.42 ➤ $    42,366.42 
#3232019-02-28:-1×MSFT 17 May 2019 $100.00 P $       105.00 ( $          -9.31 )$    43,180.88 ➤ $    42,081.88 
#3222019-02-28:-2×JPM 21 Jun 2019 $95.00 P $       294.00 ( $        -21.78 )$    43,085.19 ➤ $    41,986.19 
#3212019-02-28:-1×AAPL 17 May 2019 $155.00 P $       170.00 ( $        -68.73 )→ #329$    42,812.97 ➤ $    41,713.97 
#3202019-02-22:-1×TROW 18 Oct 2019 $110.00 C $       220.00 ( $        -10.59 )→ #407$    42,711.70 ➤ $    41,612.70 
#3192019-02-22:-2×TJX 18 Oct 2019 $60.00 C $       130.00 ( $      -128.08 )→ #406$    42,502.29 ➤ $    41,403.29 
#3182019-02-22:-3×SKT 17 Jan 2020 $25.00 C $       195.00 ( $        -39.41 )→ #352$    42,500.37 ➤ $    41,401.37 
#3172019-02-22:-1×PM 17 Jan 2020 $105.00 C $         95.00 ( $        -10.43 )→ #412$    42,344.78 ➤ $    41,245.78 
#3162019-02-22:-1×MSFT 18 Oct 2019 $125.00 C $       287.00 ( $   -1,486.73 )→ #395$    42,260.21 ➤ $    41,161.21 
#3152019-02-22:-1×MO 17 Jan 2020 $50.00 P $       448.00 ( $   -1,065.52 )→ #393$    43,459.94 ➤ $    42,360.94 
#3142019-02-22:-1×MO 17 Jan 2020 $50.00 P $       448.00 ( $   -1,065.52 )→ #393$    44,077.46 ➤ $    42,978.46 
#3132019-02-22:-2×KO 17 Jan 2020 $52.50 C $         67.00 ( $      -810.26 )→ #445$    44,694.98 ➤ $    43,595.98 
#3122019-02-22:-2×INTC 18 Oct 2019 $55.00 C $       670.00 ( $        -98.14 )$    45,438.24 ➤ $    44,339.24 
#3112019-02-22:-1×HSY 18 Apr 2019 $110.00 P $       250.00 ( $          -0.79 )$    44,866.38 ➤ $    43,767.38 
#3102019-02-20:-1×TROW 18 Oct 2019 $110.00 C $       209.00 ( $        -10.59 )→ #407$    44,617.17 ➤ $    43,518.17 
#3092019-02-20:-1×T 17 Jan 2020 $35.00 C $         52.00 ( $      -450.40 )→ #441$    44,418.76 ➤ $    43,319.76 
#3082019-02-20:-4×T 17 Jan 2020 $35.00 C $       213.00 ( $   -1,801.62 )→ #441$    44,817.16 ➤ $    43,718.16 
#3072019-02-20:-2×ADM 20 Sep 2019 $45.00 C $       234.00 ( $          -0.98 )$    46,405.78 ➤ $    45,306.78 
#3062019-02-07:-1×IP 17 Jan 2020 $47.50 C $       337.00 ( $        -59.18 )$    46,172.76 ➤ $    45,073.76 
#3052019-02-07:-1×INTC 14 Jan 2021 $50.00 C $       679.00 ( $          -1.10 )$    45,894.94 ➤ $    44,795.94 
#3042019-02-07:-1×AAPL 17 Jan 2020 $180.00 C $    1,380.00 ( $   -2,246.75 )→ #339$    45,217.04 ➤ $    44,797.04 
#3032019-01-24:-1×WSM 15 Feb 2019 $55.00 C $         42.00 ( $          -1.09 )$    46,083.79 ➤ $    45,663.79 
#3022019-01-24:-19×F 17 Jan 2020 $10.00 C $       722.00 ( $      -238.39 )$    46,042.88 ➤ $    45,622.88 
#3012019-01-24:-1×F 17 Jan 2020 $10.00 C $         36.00 ( $        -13.32 )$    45,559.27 ➤ $    45,139.27 
#3002019-01-24:-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 next month. On expiration day, in the money options will result in options assignment, which I'd like to avoid in some cases, if possible.

June 2020:


#4662020-03-19:-1×O 19 Jun 2020 $37.50 P $       350.00 ( $ -0.30 )→ Out of the money with a  39% safety margin   
#4652020-03-19:-1×NNN 19 Jun 2020 $22.50 P $       190.00 ( $ -0.30 )→ Out of the money with a  37% safety margin   
#4572020-03-09:-1×HRL 19 Jun 2020 $40.00 P $       155.00 ( $ -0.35 )→ Out of the money with a  18% safety margin   
#4482020-01-21:-2×ORCL 19 Jun 2020 $47.50 P $       150.00 ( $ -1.49 )→ Out of the money with a  11% safety margin   
#4402019-12-18:-2×XEL 17 Jun 2020 $55.00 P $       150.00 ( $ -0.21 )→ Out of the money with a  10% safety margin   
#4282019-11-26:-1×WMT 19 Jun 2020 $100.00 P $       158.00 ( $ -0.65 )→ Out of the money with a  24% safety margin   
#4122019-11-13:-1×PM 19 Jun 2020 $100.00 C $       102.00 ( $ -0.65 )→ Out of the money with a  30% safety margin   

All the options expiring in June are deep out of the money, so I'm in good shape here.

Concluding Remarks


April 2020

Total
Options Income
Secured
Options Income
End of Month:
$ 70,082
$  39,448
Previous Month:
$ 72,825
$  49,871
This Month:
$ -2,743
$ -10,423

In 46 months of options trading, I've collected options income totaling $70,082.

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