DivGro: Options Update: May 2020

Saturday, June 13, 2020

Options Update: May 2020

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.

My options activity has quieted down significantly since the Covid-19 pandemic struck, and May was no exception. It is not that there are fewer opportunities; rather, I've been working from home and consumed with other activities that have kept me away from my usual routine. We'll see how it goes in the next month or so!

I've dug myself into a hole and it remains highly unlikely that I will achieve my 2020 goal of collecting at least $24,000 in options income.

Recap

In May, I had four expirations and a single income-generating trade:

Assigned Options

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

I had no assignments in May.

Expired Options

In May, the following option expired:

#467	2020-03-19	:	-1	×	SPG 15 May 2020 $40.00 P	$ 560.00	( $ -0.81 )
#455	2020-03-02	:	-1	×	UNP 15 May 2020 $145.00 P	$ 535.00	( $ -0.81 )
#447	2020-01-21	:	-2	×	GILD 15 May 2020 $55.00 P	$ 162.00	( $ -0.89 )
#431	2019-12-18	:	-1	×	ABT 15 May 2020 $75.00 P	$ 117.00	( $ -0.80 )

Simon Property Group (SPG) traded above $51 on options expiration day, well above the $40 strike price of the put I'd sold. So the option expired and I secured $559 in options income.

Union Pacific (UNP) traded above $150 on options expiration day, about $5 above the $145 strike price of the put I'd sold. So the option expired and I secured $535 in options income.

The $55 puts I'd sold on Gilead Sciences (GILD) also expired, as the stock traded above $75 per share on options expiration day. As a result, I secured $161 in options income.

Finally, Abbot Labs (ABT) traded above $89 on options expiration day, so the $75 put I'd sold on ABT expired and I secured $116 in options income as a result.

I all, these expiring options secured options income totaling $1,371.

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 May, I didn't close any options early.

Rolled Options

Rolling forward options means buying back an option and selling another option with a later expiration date. You can do this to avoid options assignment for in the money options or to collect more options income for out of the money options.

I did not roll forward any options in May.

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 May.

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 May:

#470

2020-05-28

-3

CMCSA 17 Jul 2020 $35.00 P

$ 150.00

( $ -2.21 )

#470 : 2020-05-28: Sold to Open 3 Contracts of Option CMCSA Jul 17 2020 35.00 P

I'm willing to buy 300 shares of Comcast (CMCSA) for $35.00 per share on or before 17 July. CMCSA closed at $39.55 per share on the date of my trade:

Open Date :	2020-05-28
Expiration Date :	2020-07-17	Number of Days in Trade :	50
Price at Close :	$39.55 per share	Discount at Strike Price :	11.50%
Strike Price :	$35.00 per share	Discount at Strike Price :	11.50%
Number of Contracts :	3	Number of Shares :	300
Put Premium :	$0.50 per share	Options Income :	$150.00
		Commission :	-$2.21
Net Premium :	$0.493 per share	Net Options Income :	$147.79
Options Yield :	1.25%	Annualized Options Yield :	9.10%
----------------------------	---------------------	-------------------------------	-----------
		Commission if Exercised :	$0.00
Cost Basis if Exercised :	$34.49	Discount if Exercised :	12.79%

This put option trade yields 1.25%, or 9.10% on an annualized basis. At $39.55 per share, CMCSA yields 2.33%, so I'm boosting dividend income by a factor of 3.91. If the options are exercised, I'll buy 300 shares at a cost basis of $34.49 per share, a discount of 12.79%.

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%. While close, this put trade does not quite match that trading goal.

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
#470	2020-05-28	:	-3	×	CMCSA 17 Jul 2020 $35.00 P	$ 150.00	( $ -2.21 )		$ 70,229.92	➤ $ 41,147.92
#469	2020-04-17	:	-1	×	TXN 18 Sep 2020 $95.00 P	$ 660.00	( $ -0.66 )		$ 70,082.13	➤ $ 41,150.13
#468	2020-04-17	:	-1	×	LOW 17 Jul 2020 $90.00 P	$ 702.00	( $ -0.66 )		$ 69,422.79	➤ $ 41,150.79
#467	2020-03-19	:	-1	×	SPG 15 May 2020 $40.00 P	$ 560.00	( $ -0.81 )		$ 68,721.45	➤ $ 41,151.45
#466	2020-03-19	:	-1	×	O 19 Jun 2020 $37.50 P	$ 350.00	( $ -0.30 )		$ 68,162.26	➤ $ 40,592.26
#465	2020-03-19	:	-1	×	NNN 19 Jun 2020 $22.50 P	$ 190.00	( $ -0.30 )		$ 67,812.56	➤ $ 40,592.56
#464	2020-03-19	:	-2	×	MAIN 17 Apr 2020 $15.00 P	$ 380.00	( $ 0.00 )		$ 67,622.86	➤ $ 40,592.86
#463	2020-03-18	:	-1	×	HRL 15 Jan 2021 $52.50 C	$ 520.00	( $ -0.25 )		$ 67,242.86	➤ $ 40,212.86
#462	2020-03-16	:	-3	×	TJX 15 Jan 2021 $45.00 P	$ 2,450.00	( $ -1.83 )		$ 66,723.11	➤ $ 40,213.11
#461	2020-03-16	:	-2	×	SBUX 15 Jan 2021 $65.00 P	$ 2,603.00	( $ -1.35 )		$ 64,274.94	➤ $ 40,214.94
#460	2020-03-16	:	-1	×	MMM 15 Jan 2021 $130.00 P	$ 2,344.00	( $ -0.70 )		$ 61,673.29	➤ $ 40,216.29
#459	2020-03-16	:	-2	×	ICE 15 Jan 2021 $75.00 P	$ 2,235.00	( $ -0.63 )		$ 59,329.99	➤ $ 40,216.99
#458	2020-03-09	:	-1	×	LYB 15 Jan 2021 $70.00 P	$ 1,590.00	( $ -3,100.61 )		$ 57,095.62	➤ $ 40,217.62
#457	2020-03-09	:	-1	×	HRL 19 Jun 2020 $40.00 P	$ 155.00	( $ -0.35 )		$ 58,606.23	➤ $ 41,728.23
#456	2020-03-09	:	-3	×	BEN 20 Nov 2020 $22.50 P	$ 1,366.00	( $ -1.44 )		$ 58,451.58	➤ $ 41,728.58
#455	2020-03-02	:	-1	×	UNP 15 May 2020 $145.00 P	$ 535.00	( $ -0.81 )		$ 57,087.02	➤ $ 41,730.02
#454	2020-03-02	:	-1	×	SBUX 17 Apr 2020 $70.00 P	$ 111.00	( $ -978.44 )	→ #461	$ 56,552.83	➤ $ 41,195.83
#453	2020-02-11	:	-1	×	MSFT 15 Jan 2021 $155.00 P	$ 633.00	( $ -1.11 )		$ 57,420.27	➤ $ 42,063.27
#452	2020-02-11	:	-1	×	INTC 15 Jan 2021 $50.00 P	$ 139.00	( $ -0.80 )		$ 56,788.38	➤ $ 42,064.38
#451	2020-02-11	:	-1	×	AAPL 15 Jan 2021 $255.00 P	$ 865.00	( $ -1.10 )		$ 56,650.18	➤ $ 42,065.18
#450	2020-01-21	:	-1	×	TXN 17 Apr 2020 $115.00 P	$ 128.00	( $ -306.44 )	→ #469	$ 55,786.28	➤ $ 42,066.28
#449	2020-01-21	:	-2	×	TJX 17 Apr 2020 $67.50 C	$ 110.00	( $ -0.01 )		$ 55,964.72	➤ $ 42,244.72
#448	2020-01-21	:	-2	×	ORCL 19 Jun 2020 $47.50 P	$ 150.00	( $ -1.49 )		$ 55,854.73	➤ $ 42,134.73
#447	2020-01-21	:	-2	×	GILD 15 May 2020 $55.00 P	$ 162.00	( $ -0.89 )		$ 55,706.22	➤ $ 42,136.22
#446	2020-01-21	:	-2	×	CSX 15 May 2020 $67.50 P	$ 240.00	( $ -3,201.79 )		$ 55,545.11	➤ $ 41,975.11
#445	2020-01-15	:	-2	×	KO 18 Sep 2020 $55.00 C	$ 717.00	( $ -1.70 )		$ 58,506.90	➤ $ 44,936.90
#444	2020-01-15	:	-1	×	D 17 Jul 2020 $82.50 C	$ 267.00	( $ -0.30 )		$ 57,791.60	➤ $ 44,938.60
#443	2020-01-15	:	-2	×	CMCSA 17 Jul 2020 $47.50 C	$ 402.00	( $ -1.50 )		$ 57,524.90	➤ $ 44,938.90
#442	2020-01-15	:	-3	×	BEN 17 Jul 2020 $27.50 P	$ 978.00	( $ -2,502.74 )	→ #456	$ 57,124.40	➤ $ 44,940.40
#441	2020-01-08	:	-5	×	T 21 Jan 2022 $40.00 C	$ 1,452.00	( $ -2.11 )		$ 58,649.14	➤ $ 46,465.14
#440	2019-12-18	:	-2	×	XEL 17 Jun 2020 $55.00 P	$ 150.00	( $ -0.21 )		$ 57,199.25	➤ $ 46,467.25
#439	2019-12-18	:	-1	×	TSM 21 Jan 2022 $60.00 C	$ 808.00	( $ -0.31 )		$ 57,049.46	➤ $ 46,467.46
#438	2019-12-18	:	-2	×	TJX 17 Apr 2020 $55.00 P	$ 174.00	( $ -2,476.67 )	→ #462	$ 56,241.77	➤ $ 46,467.77
#437	2019-12-18	:	-1	×	SBUX 21 Feb 2020 $85.00 P	$ 187.00	( $ -0.80 )		$ 58,544.44	➤ $ 48,770.44
#436	2019-12-18	:	-1	×	PSX 21 Feb 2020 $110.00 P	$ 270.00	( $ -0.35 )		$ 58,358.24	➤ $ 48,584.24
#435	2019-12-18	:	-1	×	LYB 20 Mar 2020 $80.00 P	$ 120.00	( $ -1,755.58 )	→ #458	$ 58,088.59	➤ $ 48,314.59
#434	2019-12-18	:	-1	×	ICE 19 Jun 2020 $85.00 P	$ 195.00	( $ -1,285.58 )	→ #459	$ 59,724.17	➤ $ 49,950.17
#433	2019-12-18	:	-2	×	HRL 20 Mar 2020 $40.00 P	$ 104.00	( $ -19.90 )		$ 60,814.75	➤ $ 51,040.75
#432	2019-12-18	:	-1	×	AMT 17 Apr 2020 $180.00 P	$ 200.00	( $ -0.35 )		$ 60,730.65	➤ $ 50,956.65
#431	2019-12-18	:	-1	×	ABT 15 May 2020 $75.00 P	$ 117.00	( $ -0.80 )		$ 60,531.00	➤ $ 50,757.00
#430	2019-12-12	:	-2	×	TROW 17 Jul 2020 $120.00 C	$ 2,209.00	( $ -1.64 )		$ 60,414.80	➤ $ 50,640.80
#429	2019-11-27	:	-1	×	SBUX 17 Apr 2020 $77.50 P	$ 158.00	( $ -1,543.17 )	→ #461	$ 58,207.44	➤ $ 50,642.44
#428	2019-11-26	:	-1	×	WMT 19 Jun 2020 $100.00 P	$ 158.00	( $ -0.65 )		$ 59,592.61	➤ $ 52,027.61
#427	2019-11-26	:	-1	×	V 20 Mar 2020 $155.00 P	$ 127.00	( $ -11.19 )		$ 59,435.26	➤ $ 52,028.26
#426	2019-11-26	:	-1	×	UNP 21 Feb 2020 $160.00 P	$ 217.00	( $ -0.80 )		$ 59,319.45	➤ $ 51,912.45
#425	2019-11-26	:	-1	×	NKE 17 Apr 2020 $77.50 P	$ 102.00	( $ -1.10 )		$ 59,103.25	➤ $ 51,696.25
#424	2019-11-26	:	-1	×	MSFT 20 Mar 2020 $130.00 P	$ 119.00	( $ -8.37 )		$ 59,002.35	➤ $ 51,595.35
#423	2019-11-26	:	-1	×	MRK 17 Apr 2020 $75.00 P	$ 107.00	( $ -0.80 )		$ 58,891.72	➤ $ 51,484.72
#422	2019-11-26	:	-1	×	MMM 17 Apr 2020 $160.00 P	$ 3,441.00	( $ -1.45 )	→ #460	$ 58,785.52	➤ $ 51,378.52
#421	2019-11-26	:	-1	×	MCD 20 Mar 2020 $170.00 P	$ 126.00	( $ -10.32 )		$ 55,345.97	➤ $ 47,938.97
#420	2019-11-26	:	-1	×	LOW 17 Apr 2020 $95.00 P	$ 111.00	( $ -41.44 )	→ #468	$ 55,230.29	➤ $ 47,823.29
#419	2019-11-26	:	-1	×	LLY 17 Apr 2020 $100.00 P	$ 140.00	( $ -10.74 )		$ 55,160.73	➤ $ 47,753.73
#418	2019-11-26	:	-1	×	JNJ 20 Mar 2020 $120.00 P	$ 115.00	( $ -9.89 )		$ 55,031.47	➤ $ 47,624.47
#417	2019-11-26	:	-1	×	ICE 19 Jun 2020 $80.00 P	$ 133.00	( $ -1,000.59 )	→ #459	$ 54,926.36	➤ $ 47,519.36
#416	2019-11-13	:	-2	×	XOM 17 Apr 2020 $75.00 C	$ 194.00	( $ -11.74 )		$ 55,793.95	➤ $ 48,386.95
#415	2019-11-13	:	-1	×	WFC 19 Jun 2020 $60.00 C	$ 112.00	( $ -10.19 )		$ 55,611.69	➤ $ 48,204.69
#414	2019-11-13	:	-1	×	TXN 17 Jan 2020 $110.00 P	$ 144.00	( $ -1.10 )		$ 55,509.88	➤ $ 48,102.88
#413	2019-11-13	:	-5	×	SKT 19 Jun 2020 $20.00 C	$ 120.00	( $ -30.70 )		$ 55,366.98	➤ $ 47,959.98
#412	2019-11-13	:	-1	×	PM 19 Jun 2020 $100.00 C	$ 102.00	( $ -0.65 )		$ 55,277.68	➤ $ 47,870.68
#411	2019-11-13	:	-1	×	JNJ 20 Mar 2020 $140.00 C	$ 163.00	( $ -0.65 )		$ 55,176.33	➤ $ 47,871.33
#410	2019-11-13	:	-1	×	IBM 17 Apr 2020 $120.00 P	$ 269.00	( $ -10.59 )		$ 55,013.98	➤ $ 47,708.98
#409	2019-11-13	:	-2	×	ABBV 15 Jan 2021 $90.00 C	$ 1,310.00	( $ -1.52 )		$ 54,755.57	➤ $ 47,450.57
#408	2019-10-18	:	-2	×	TSM 15 Jan 2021 $50.00 C	$ 1,083.00	( $ 0.00 )		$ 53,447.09	➤ $ 47,452.09
#407	2019-10-18	:	-2	×	TROW 20 Dec 2019 $115.00 C	$ 339.00	( $ -2,090.59 )	→ #430	$ 52,364.09	➤ $ 47,452.09
#406	2019-10-18	:	-2	×	TJX 17 Jan 2020 $65.00 C	$ 188.00	( $ 0.00 )		$ 54,115.68	➤ $ 49,203.68
#405	2019-10-18	:	-1	×	ADM 20 Mar 2020 $45.00 C	$ 53.00	( $ -1.10 )		$ 53,927.68	➤ $ 49,015.68
#404	2019-10-01	:	-1	×	TJX 17 Apr 2020 $50.00 P	$ 180.00	( $ -802.24 )	→ #462	$ 53,875.78	➤ $ 48,963.78
#403	2019-10-01	:	-1	×	SNA 15 Nov 2019 $145.00 P	$ 260.00	( $ -0.35 )		$ 54,498.02	➤ $ 49,586.02
#402	2019-10-01	:	-3	×	PFE 20 Mar 2020 $40.00 C	$ 132.00	( $ -1.13 )		$ 54,238.37	➤ $ 49,326.37
#401	2019-10-01	:	-1	×	MRK 15 Nov 2019 $80.00 P	$ 127.00	( $ -1.58 )		$ 54,107.50	➤ $ 49,195.50
#400	2019-10-01	:	-1	×	MDT 17 Jan 2020 $100.00 P	$ 196.00	( $ -0.80 )		$ 53,982.08	➤ $ 49,070.08
#399	2019-10-01	:	-1	×	HRL 20 Mar 2020 $47.50 C	$ 125.00	( $ -280.83 )	→ #463	$ 53,786.88	➤ $ 48,874.88
#398	2019-10-01	:	-2	×	ADM 20 Mar 2020 $45.00 C	$ 160.00	( $ -0.99 )		$ 53,942.71	➤ $ 49,030.71
#397	2019-10-01	:	-2	×	ADM 15 Nov 2019 $40.00 P	$ 228.00	( $ -1.00 )		$ 53,783.70	➤ $ 48,871.70
#396	2019-09-20	:	-1	×	ORCL 17 Jan 2020 $52.50 P	$ 213.00	( $ -1.59 )		$ 53,556.70	➤ $ 48,644.70
#395	2019-09-20	:	-1	×	MSFT 21 Jan 2022 $155.00 C	$ 1,490.00	( $ -0.68 )		$ 53,345.29	➤ $ 48,433.29
#394	2019-09-20	:	-2	×	MO 20 Mar 2020 $50.00 C	$ 120.00	( $ -20.18 )		$ 51,855.97	➤ $ 48,433.97
#393	2019-09-20	:	-2	×	MO 15 Jan 2021 $45.00 P	$ 2,029.00	( $ -2,101.77 )		$ 51,756.15	➤ $ 48,334.15
#392	2019-09-20	:	-1	×	LOW 17 Jan 2020 $125.00 C	$ 182.00	( $ -0.80 )		$ 51,828.92	➤ $ 48,406.92
#391	2019-09-20	:	-3	×	INTC 15 Nov 2019 $45.00 P	$ 129.00	( $ -3.83 )		$ 51,647.72	➤ $ 48,225.72
#390	2019-09-20	:	-2	×	INTC 15 Nov 2019 $55.00 C	$ 168.00	( $ -1.59 )		$ 51,522.55	➤ $ 48,100.55
#389	2019-09-20	:	-2	×	GILD 21 Feb 2020 $75.00 C	$ 266.00	( $ -13.23 )		$ 51,356.14	➤ $ 47,934.14
#388	2019-09-20	:	-2	×	GILD 17 Jan 2020 $60.00 P	$ 270.00	( $ -2.56 )		$ 51,103.37	➤ $ 47,681.37
#387	2019-09-20	:	-2	×	CSX 17 Jan 2020 $70.00 P	$ 820.00	( $ -1.80 )		$ 50,835.93	➤ $ 47,413.93
#386	2019-08-16	:	-1	×	XOM 17 Jan 2020 $80.00 C	$ 33.00	( $ -4.69 )	→ #416	$ 50,017.73	➤ $ 46,595.73
#385	2019-08-16	:	-1	×	DGX 21 Feb 2020 $100.00 C	$ 675.00	( $ -0.31 )		$ 49,989.42	➤ $ 46,567.42
#384	2019-08-14	:	-1	×	TIF 17 Jan 2020 $85.00 P	$ 769.00	( $ -1.66 )		$ 49,314.73	➤ $ 45,892.73
#383	2019-08-02	:	-1	×	XOM 18 Oct 2019 $67.50 P	$ 135.00	( $ -0.80 )		$ 48,547.39	➤ $ 45,125.39
#382	2019-08-02	:	-1	×	VZ 18 Oct 2019 $52.50 P	$ 108.00	( $ -0.96 )		$ 48,413.19	➤ $ 44,991.19
#381	2019-08-02	:	-3	×	PFE 20 Sep 2019 $40.00 C	$ 138.00	( $ -2.39 )		$ 48,306.15	➤ $ 44,884.15
#380	2019-08-02	:	-1	×	MRK 20 Sep 2019 $80.00 P	$ 110.00	( $ -1.09 )		$ 48,170.54	➤ $ 44,748.54
#379	2019-08-02	:	-1	×	MDT 20 Sep 2019 $97.50 P	$ 158.00	( $ -0.80 )		$ 48,061.63	➤ $ 44,639.63
#378	2019-07-25	:	-2	×	NKE 18 Oct 2019 $75.00 P	$ 124.00	( $ -0.99 )		$ 47,904.43	➤ $ 44,482.43
#377	2019-07-25	:	-2	×	MS 15 Nov 2019 $42.00 P	$ 263.00	( $ -0.85 )		$ 47,781.42	➤ $ 44,359.42
#376	2019-07-25	:	-1	×	LLY 17 Jan 2020 $85.00 P	$ 106.00	( $ -7.74 )	→ #419	$ 47,519.27	➤ $ 44,097.27
#375	2019-07-25	:	-1	×	AAPL 18 Oct 2019 $180.00 P	$ 180.00	( $ -0.65 )		$ 47,421.01	➤ $ 43,999.01
#374	2019-07-22	:	-1	×	XOM 17 Jan 2020 $80.00 C	$ 127.00	( $ -5.32 )	→ #416	$ 47,241.66	➤ $ 43,819.66
#373	2019-07-22	:	-1	×	VLO 20 Dec 2019 $100.00 C	$ 105.00	( $ -0.68 )		$ 47,119.98	➤ $ 43,697.98
#372	2019-07-22	:	-2	×	TSM 18 Oct 2019 $45.00 C	$ 380.00	( $ -946.30 )	→ #408	$ 47,015.66	➤ $ 43,593.66
#371	2019-07-22	:	-1	×	TRV 18 Oct 2019 $155.00 C	$ 255.00	( $ -0.35 )		$ 47,581.96	➤ $ 44,159.96
#370	2019-07-22	:	-1	×	DIS 18 Oct 2019 $145.00 C	$ 407.00	( $ -0.80 )		$ 47,327.31	➤ $ 43,905.31
#369	2019-07-22	:	-1	×	D 17 Jan 2020 $80.00 C	$ 175.00	( $ -236.64 )	→ #444	$ 46,921.11	➤ $ 43,499.11
#368b	2019-07-16	:	-1	×	ORCL 20 Sep 2019 $55.00 P	$ 76.00	( $ -109.07 )	→ #396	$ 46,982.75	➤ $ 43,560.75
#368a	2019-07-16	:	-1	×	ORCL 20 Sep 2019 $55.00 P	$ 76.00	( $ -0.50 )		$ 47,015.82	➤ $ 43,593.82
#367	2019-07-16	:	-2	×	CSX 20 Sep 2019 $72.50 P	$ 150.00	( $ -548.77 )	→ #387	$ 46,940.32	➤ $ 43,518.32
#366	2019-06-28	:	-1	×	WMT 20 Dec 2019 $100.00 P	$ 213.00	( $ -3.44 )	→ #428	$ 47,339.09	➤ $ 43,917.09
#365	2019-06-28	:	-1	×	UTX 15 Nov 2019 $115.00 P	$ 222.00	( $ -0.80 )		$ 47,129.53	➤ $ 43,707.53
#364	2019-06-28	:	-2	×	PEP 18 Oct 2019 $110.00 P	$ 118.00	( $ -0.99 )		$ 46,908.33	➤ $ 43,486.33
#363	2019-06-28	:	-2	×	EMR 20 Dec 2019 $60.00 P	$ 374.00	( $ -9.19 )		$ 46,791.32	➤ $ 43,369.32
#362	2019-06-28	:	-2	×	CL 15 Nov 2019 $65.00 P	$ 248.00	( $ -1.00 )		$ 46,426.51	➤ $ 43,004.51
#361	2019-06-28	:	-3	×	BEN 17 Jan 2020 $30.00 P	$ 261.00	( $ -1,413.35 )	→ #442	$ 46,179.51	➤ $ 42,757.51
#360	2019-06-28	:	-2	×	ABBV 15 Nov 2019 $60.00 P	$ 224.00	( $ -1.00 )		$ 47,331.86	➤ $ 43,909.86
#359	2019-06-28	:	-1	×	TSM 17 Jan 2020 $45.00 C	$ 105.00	( $ -1,380.59 )	→ #439	$ 47,108.86	➤ $ 43,686.86
#358	2019-06-28	:	-2	×	ABBV 15 Nov 2019 $80.00 C	$ 303.00	( $ -1,332.34 )	→ #409	$ 48,384.45	➤ $ 44,962.45
#357	2019-06-21	:	-3	×	GPS 17 Jan 2020 $20.00 C	$ 345.00	( $ -111.72 )		$ 49,413.79	➤ $ 45,991.79
#356	2019-06-21	:	-1	×	CSCO 18 Oct 2019 $52.50 P	$ 120.00	( $ -1.10 )		$ 49,180.51	➤ $ 45,758.51
#355	2019-05-29	:	-2	×	MS 16 Aug 2019 $40.00 P	$ 262.00	( $ -18.44 )	→ #377	$ 49,061.61	➤ $ 45,639.61
#354	2019-05-28	:	-2	×	DAL 20 Sep 2019 $50.00 P	$ 310.00	( $ -1.00 )		$ 48,818.05	➤ $ 45,396.05
#353	2019-05-28	:	-2	×	CMCSA 17 Jan 2020 $45.00 C	$ 396.00	( $ -260.07 )	→ #443	$ 48,509.05	➤ $ 45,087.05
#352	2019-05-24	:	-3	×	SKT 17 Jan 2020 $20.00 C	$ 188.00	( $ -26.08 )	→ #413	$ 48,373.12	➤ $ 44,951.12
#351	2019-05-22	:	-2	×	SKT 17 Jan 2020 $20.00 C	$ 112.00	( $ -16.78 )	→ #413	$ 48,211.20	➤ $ 44,789.20
#350	2019-05-22	:	-2	×	GIS 19 Jul 2019 $50.00 P	$ 176.00	( $ -1.00 )		$ 48,115.98	➤ $ 44,693.98
#349	2019-05-22	:	-2	×	ADM 20 Sep 2019 $35.00 P	$ 110.00	( $ -0.75 )		$ 47,940.98	➤ $ 44,518.98
#348	2019-05-20	:	-1	×	SNA 20 Sep 2019 $140.00 P	$ 260.00	( $ -1.10 )		$ 47,831.73	➤ $ 44,409.73
#347	2019-05-16	:	-2	×	GIS 18 Oct 2019 $47.50 P	$ 260.00	( $ -1.60 )		$ 47,572.83	➤ $ 44,150.83
#346	2019-05-16	:	-1	×	AOS 18 Oct 2019 $45.00 P	$ 180.00	( $ -1.10 )		$ 47,314.43	➤ $ 43,892.43
#345	2019-05-15	:	-2	×	WFC 18 Oct 2019 $42.50 P	$ 240.00	( $ -1.00 )		$ 47,135.53	➤ $ 43,713.53
#344	2019-05-15	:	-1	×	TIF 16 Aug 2019 $90.00 P	$ 302.00	( $ -638.29 )	→ #384	$ 46,896.53	➤ $ 43,474.53
#343	2019-05-15	:	-2	×	SO 15 Nov 2019 $45.00 P	$ 88.00	( $ -0.99 )		$ 47,232.82	➤ $ 43,810.82
#342	2019-05-15	:	-2	×	QCOM 18 Oct 2019 $65.00 P	$ 156.00	( $ -0.99 )		$ 47,145.81	➤ $ 43,723.81
#341	2019-05-15	:	-1	×	INTC 20 Sep 2019 $40.00 P	$ 105.00	( $ -0.80 )		$ 46,990.80	➤ $ 43,568.80
#340	2019-05-15	:	-1	×	DIS 19 Jul 2019 $140.00 C	$ 242.00	( $ -0.80 )		$ 46,886.60	➤ $ 43,464.60
#339	2019-05-15	:	-1	×	AAPL 18 Jun 2021 $205.00 C	$ 2,323.00	( $ -0.69 )		$ 46,645.40	➤ $ 43,223.40
#338	2019-04-23	:	-1	×	PG 15 Jan 2021 $105.00 C	$ 896.00	( $ -2,201.60 )		$ 44,323.09	➤ $ 43,224.09
#337	2019-04-22	:	-1	×	WBA 17 Jan 2020 $65.00 C	$ 163.00	( $ -0.80 )		$ 45,628.69	➤ $ 44,529.69
#336	2019-04-22	:	-2	×	WBA 17 Jan 2020 $65.00 C	$ 328.00	( $ -0.85 )		$ 45,466.49	➤ $ 44,367.49
#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.

June 2020:

#466	2020-03-19	:	-1	×	O 19 Jun 2020 $37.50 P	$ 350.00	( $ -0.30 )	→ Out of the money with a 61% safety margin
#465	2020-03-19	:	-1	×	NNN 19 Jun 2020 $22.50 P	$ 190.00	( $ -0.30 )	→ Out of the money with a 58% safety margin
#457	2020-03-09	:	-1	×	HRL 19 Jun 2020 $40.00 P	$ 155.00	( $ -0.35 )	→ Out of the money with a 17% safety margin
#448	2020-01-21	:	-2	×	ORCL 19 Jun 2020 $47.50 P	$ 150.00	( $ -1.49 )	→ Out of the money with a 9% safety margin
#440	2019-12-18	:	-2	×	XEL 17 Jun 2020 $55.00 P	$ 150.00	( $ -0.21 )	→ Out of the money with a 16% safety margin
#428	2019-11-26	:	-1	×	WMT 19 Jun 2020 $100.00 P	$ 158.00	( $ -0.65 )	→ Out of the money with an 18% safety margin
#412	2019-11-13	:	-1	×	PM 19 Jun 2020 $100.00 C	$ 102.00	( $ -0.65 )	→ Out of the money with a 30% safety margin

July 2020:

#470	2020-05-28	:	-3	×	CMCSA 17 Jul 2020 $35.00 P	$ 150.00	( $ -2.21 )	→ Out of the money with a 13% safety margin
#468	2020-04-17	:	-1	×	LOW 17 Jul 2020 $90.00 P	$ 702.00	( $ -0.66 )	→ Out of the money with a 40% safety margin
#444	2020-01-15	:	-1	×	D 17 Jul 2020 $82.50 C	$ 267.00	( $ -0.30 )	→ In the money by 1% — caution!
#443	2020-01-15	:	-2	×	CMCSA 17 Jul 2020 $47.50 C	$ 402.00	( $ -1.50 )	→ Out of the money with a 17% safety margin
#430	2019-12-12	:	-2	×	TROW 17 Jul 2020 $120.00 C	$ 2,209.00	( $ -1.64 )	→ In the money by 1% — caution!

Except for two call options expiring in July, the options expiring in the next two months are in good shape. I'll probably roll forward the two call options.

Concluding Remarks

May 2020

	Total Options Income	Secured Options Income
End of Month:	$ 70,231	$ 41,148
Previous Month:	$ 70,082	$ 39,448
This Month:	$ 149	$ 1,700

So far this year, I've lost $2,682 in options income. Given my goal to collect $24,000 in options income in 2020, I'll now have to earn $26,682 in the remaining seven months to achieve my options income goal!

It is highly unlikely that I would be able to average $3,812 of options income per month to reach that goal!

In 47 months of options trading, I've collected options income totaling $70,231.

Thanks for reading! Please subscribe to receive an e-mail whenever I post new articles. Soon sections of my blog will only be available to subscribers, so I encourage you to sign up now!

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