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:

#4672020-03-19:-1×SPG 15 May 2020 $40.00 P $       560.00 ( $  -0.81 )
#4552020-03-02:-1×UNP 15 May 2020 $145.00 P $       535.00 ( $  -0.81 )
#4472020-01-21:-2×GILD 15 May 2020 $55.00 P $       162.00 ( $ -0.89 )
#4312019-12-18:-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:

#4702020-05-28:-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 shareDiscount at Strike Price : 11.50%
Strike Price :  $35.00 per share
Number of Contracts : 3Number of Shares :300
Put Premium :  $0.50 per shareOptions Income : $150.00
Commission : -$2.21
Net Premium :  $0.493 per shareNet Options Income : $147.79
Options Yield :  1.25%Annualized Options Yield : 9.10%
----------------------------  ----------------------------------------------------  -----------
Commission if Exercised : $0.00
Cost Basis if Exercised : $34.49Discount 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 

IDDATE:NO×TICKER OPTIONINCOME( EXPENSES )ROLLEDTOTAL➤ SECURED
#4702020-05-28:-3×CMCSA 17 Jul 2020 $35.00 P $       150.00 ( $          -2.21 )$    70,229.92 ➤ $    41,147.92 
#4692020-04-17:-1×TXN 18 Sep 2020 $95.00 P $       660.00 ( $          -0.66 )$    70,082.13 ➤ $    41,150.13 
#4682020-04-17:-1×LOW 17 Jul 2020 $90.00 P $       702.00 ( $          -0.66 )$    69,422.79 ➤ $    41,150.79 
#4672020-03-19:-1×SPG 15 May 2020 $40.00 P $       560.00 ( $          -0.81 )$    68,721.45 ➤ $    41,151.45 
#4662020-03-19:-1×O 19 Jun 2020 $37.50 P $       350.00 ( $          -0.30 )$    68,162.26 ➤ $    40,592.26 
#4652020-03-19:-1×NNN 19 Jun 2020 $22.50 P $       190.00 ( $          -0.30 )$    67,812.56 ➤ $    40,592.56 
#4642020-03-19:-2×MAIN 17 Apr 2020 $15.00 P $       380.00 ( $            0.00 )$    67,622.86 ➤ $    40,592.86 
#4632020-03-18:-1×HRL 15 Jan 2021 $52.50 C $       520.00 ( $          -0.25 )$    67,242.86 ➤ $    40,212.86 
#4622020-03-16:-3×TJX 15 Jan 2021 $45.00 P $    2,450.00 ( $          -1.83 )$    66,723.11 ➤ $    40,213.11 
#4612020-03-16:-2×SBUX 15 Jan 2021 $65.00 P $    2,603.00 ( $          -1.35 )$    64,274.94 ➤ $    40,214.94 
#4602020-03-16:-1×MMM 15 Jan 2021 $130.00 P $    2,344.00 ( $          -0.70 )$    61,673.29 ➤ $    40,216.29 
#4592020-03-16:-2×ICE 15 Jan 2021 $75.00 P $    2,235.00 ( $          -0.63 )$    59,329.99 ➤ $    40,216.99 
#4582020-03-09:-1×LYB 15 Jan 2021 $70.00 P $    1,590.00 ( $   -3,100.61 )$    57,095.62 ➤ $    40,217.62 
#4572020-03-09:-1×HRL 19 Jun 2020 $40.00 P $       155.00 ( $          -0.35 )$    58,606.23 ➤ $    41,728.23 
#4562020-03-09:-3×BEN 20 Nov 2020 $22.50 P $    1,366.00 ( $          -1.44 )$    58,451.58 ➤ $    41,728.58 
#4552020-03-02:-1×UNP 15 May 2020 $145.00 P $       535.00 ( $          -0.81 )$    57,087.02 ➤ $    41,730.02 
#4542020-03-02:-1×SBUX 17 Apr 2020 $70.00 P $       111.00 ( $      -978.44 )→ #461$    56,552.83 ➤ $    41,195.83 
#4532020-02-11:-1×MSFT 15 Jan 2021 $155.00 P $       633.00 ( $          -1.11 )$    57,420.27 ➤ $    42,063.27 
#4522020-02-11:-1×INTC 15 Jan 2021 $50.00 P $       139.00 ( $          -0.80 )$    56,788.38 ➤ $    42,064.38 
#4512020-02-11:-1×AAPL 15 Jan 2021 $255.00 P $       865.00 ( $          -1.10 )$    56,650.18 ➤ $    42,065.18 
#4502020-01-21:-1×TXN 17 Apr 2020 $115.00 P $       128.00 ( $      -306.44 )→ #469$    55,786.28 ➤ $    42,066.28 
#4492020-01-21:-2×TJX 17 Apr 2020 $67.50 C $       110.00 ( $          -0.01 )$    55,964.72 ➤ $    42,244.72 
#4482020-01-21:-2×ORCL 19 Jun 2020 $47.50 P $       150.00 ( $          -1.49 )$    55,854.73 ➤ $    42,134.73 
#4472020-01-21:-2×GILD 15 May 2020 $55.00 P $       162.00 ( $          -0.89 )$    55,706.22 ➤ $    42,136.22 
#4462020-01-21:-2×CSX 15 May 2020 $67.50 P $       240.00 ( $   -3,201.79 )$    55,545.11 ➤ $    41,975.11 
#4452020-01-15:-2×KO 18 Sep 2020 $55.00 C $       717.00 ( $          -1.70 )$    58,506.90 ➤ $    44,936.90 
#4442020-01-15:-1×D 17 Jul 2020 $82.50 C $       267.00 ( $          -0.30 )$    57,791.60 ➤ $    44,938.60 
#4432020-01-15:-2×CMCSA 17 Jul 2020 $47.50 C $       402.00 ( $          -1.50 )$    57,524.90 ➤ $    44,938.90 
#4422020-01-15:-3×BEN 17 Jul 2020 $27.50 P $       978.00 ( $   -2,502.74 )→ #456$    57,124.40 ➤ $    44,940.40 
#4412020-01-08:-5×T 21 Jan 2022 $40.00 C $    1,452.00 ( $          -2.11 )$    58,649.14 ➤ $    46,465.14 
#4402019-12-18:-2×XEL 17 Jun 2020 $55.00 P $       150.00 ( $          -0.21 )$    57,199.25 ➤ $    46,467.25 
#4392019-12-18:-1×TSM 21 Jan 2022 $60.00 C $       808.00 ( $          -0.31 )$    57,049.46 ➤ $    46,467.46 
#4382019-12-18:-2×TJX 17 Apr 2020 $55.00 P $       174.00 ( $   -2,476.67 )→ #462$    56,241.77 ➤ $    46,467.77 
#4372019-12-18:-1×SBUX 21 Feb 2020 $85.00 P $       187.00 ( $          -0.80 )$    58,544.44 ➤ $    48,770.44 
#4362019-12-18:-1×PSX 21 Feb 2020 $110.00 P $       270.00 ( $          -0.35 )$    58,358.24 ➤ $    48,584.24 
#4352019-12-18:-1×LYB 20 Mar 2020 $80.00 P $       120.00 ( $   -1,755.58 )→ #458$    58,088.59 ➤ $    48,314.59 
#4342019-12-18:-1×ICE 19 Jun 2020 $85.00 P $       195.00 ( $   -1,285.58 )→ #459$    59,724.17 ➤ $    49,950.17 
#4332019-12-18:-2×HRL 20 Mar 2020 $40.00 P $       104.00 ( $        -19.90 )$    60,814.75 ➤ $    51,040.75 
#4322019-12-18:-1×AMT 17 Apr 2020 $180.00 P $       200.00 ( $          -0.35 )$    60,730.65 ➤ $    50,956.65 
#4312019-12-18:-1×ABT 15 May 2020 $75.00 P $       117.00 ( $          -0.80 )$    60,531.00 ➤ $    50,757.00 
#4302019-12-12:-2×TROW 17 Jul 2020 $120.00 C $    2,209.00 ( $          -1.64 )$    60,414.80 ➤ $    50,640.80 
#4292019-11-27:-1×SBUX 17 Apr 2020 $77.50 P $       158.00 ( $   -1,543.17 )→ #461$    58,207.44 ➤ $    50,642.44 
#4282019-11-26:-1×WMT 19 Jun 2020 $100.00 P $       158.00 ( $          -0.65 )$    59,592.61 ➤ $    52,027.61 
#4272019-11-26:-1×V 20 Mar 2020 $155.00 P $       127.00 ( $        -11.19 )$    59,435.26 ➤ $    52,028.26 
#4262019-11-26:-1×UNP 21 Feb 2020 $160.00 P $       217.00 ( $          -0.80 )$    59,319.45 ➤ $    51,912.45 
#4252019-11-26:-1×NKE 17 Apr 2020 $77.50 P $       102.00 ( $          -1.10 )$    59,103.25 ➤ $    51,696.25 
#4242019-11-26:-1×MSFT 20 Mar 2020 $130.00 P $       119.00 ( $          -8.37 )$    59,002.35 ➤ $    51,595.35 
#4232019-11-26:-1×MRK 17 Apr 2020 $75.00 P $       107.00 ( $          -0.80 )$    58,891.72 ➤ $    51,484.72 
#4222019-11-26:-1×MMM 17 Apr 2020 $160.00 P $    3,441.00 ( $          -1.45 )→ #460$    58,785.52 ➤ $    51,378.52 
#4212019-11-26:-1×MCD 20 Mar 2020 $170.00 P $       126.00 ( $        -10.32 )$    55,345.97 ➤ $    47,938.97 
#4202019-11-26:-1×LOW 17 Apr 2020 $95.00 P $       111.00 ( $        -41.44 )→ #468$    55,230.29 ➤ $    47,823.29 
#4192019-11-26:-1×LLY 17 Apr 2020 $100.00 P $       140.00 ( $        -10.74 )$    55,160.73 ➤ $    47,753.73 
#4182019-11-26:-1×JNJ 20 Mar 2020 $120.00 P $       115.00 ( $          -9.89 )$    55,031.47 ➤ $    47,624.47 
#4172019-11-26:-1×ICE 19 Jun 2020 $80.00 P $       133.00 ( $   -1,000.59 )→ #459$    54,926.36 ➤ $    47,519.36 
#4162019-11-13:-2×XOM 17 Apr 2020 $75.00 C $       194.00 ( $        -11.74 )$    55,793.95 ➤ $    48,386.95 
#4152019-11-13:-1×WFC 19 Jun 2020 $60.00 C $       112.00 ( $        -10.19 )$    55,611.69 ➤ $    48,204.69 
#4142019-11-13:-1×TXN 17 Jan 2020 $110.00 P $       144.00 ( $          -1.10 )$    55,509.88 ➤ $    48,102.88 
#4132019-11-13:-5×SKT 19 Jun 2020 $20.00 C $       120.00 ( $        -30.70 )$    55,366.98 ➤ $    47,959.98 
#4122019-11-13:-1×PM 19 Jun 2020 $100.00 C $       102.00 ( $          -0.65 )$    55,277.68 ➤ $    47,870.68 
#4112019-11-13:-1×JNJ 20 Mar 2020 $140.00 C $       163.00 ( $          -0.65 )$    55,176.33 ➤ $    47,871.33 
#4102019-11-13:-1×IBM 17 Apr 2020 $120.00 P $       269.00 ( $        -10.59 )$    55,013.98 ➤ $    47,708.98 
#4092019-11-13:-2×ABBV 15 Jan 2021 $90.00 C $    1,310.00 ( $          -1.52 )$    54,755.57 ➤ $    47,450.57 
#4082019-10-18:-2×TSM 15 Jan 2021 $50.00 C $    1,083.00 ( $            0.00 )$    53,447.09 ➤ $    47,452.09 
#4072019-10-18:-2×TROW 20 Dec 2019 $115.00 C $       339.00 ( $   -2,090.59 )→ #430$    52,364.09 ➤ $    47,452.09 
#4062019-10-18:-2×TJX 17 Jan 2020 $65.00 C $       188.00 ( $            0.00 )$    54,115.68 ➤ $    49,203.68 
#4052019-10-18:-1×ADM 20 Mar 2020 $45.00 C $         53.00 ( $          -1.10 )$    53,927.68 ➤ $    49,015.68 
#4042019-10-01:-1×TJX 17 Apr 2020 $50.00 P $       180.00 ( $      -802.24 )→ #462$    53,875.78 ➤ $    48,963.78 
#4032019-10-01:-1×SNA 15 Nov 2019 $145.00 P $       260.00 ( $          -0.35 )$    54,498.02 ➤ $    49,586.02 
#4022019-10-01:-3×PFE 20 Mar 2020 $40.00 C $       132.00 ( $          -1.13 )$    54,238.37 ➤ $    49,326.37 
#4012019-10-01:-1×MRK 15 Nov 2019 $80.00 P $       127.00 ( $          -1.58 )$    54,107.50 ➤ $    49,195.50 
#4002019-10-01:-1×MDT 17 Jan 2020 $100.00 P $       196.00 ( $          -0.80 )$    53,982.08 ➤ $    49,070.08 
#3992019-10-01:-1×HRL 20 Mar 2020 $47.50 C $       125.00 ( $      -280.83 )→ #463$    53,786.88 ➤ $    48,874.88 
#3982019-10-01:-2×ADM 20 Mar 2020 $45.00 C $       160.00 ( $          -0.99 )$    53,942.71 ➤ $    49,030.71 
#3972019-10-01:-2×ADM 15 Nov 2019 $40.00 P $       228.00 ( $          -1.00 )$    53,783.70 ➤ $    48,871.70 
#3962019-09-20:-1×ORCL 17 Jan 2020 $52.50 P $       213.00 ( $          -1.59 )$    53,556.70 ➤ $    48,644.70 
#3952019-09-20:-1×MSFT 21 Jan 2022 $155.00 C $    1,490.00 ( $          -0.68 )$    53,345.29 ➤ $    48,433.29 
#3942019-09-20:-2×MO 20 Mar 2020 $50.00 C $       120.00 ( $        -20.18 )$    51,855.97 ➤ $    48,433.97 
#3932019-09-20:-2×MO 15 Jan 2021 $45.00 P $    2,029.00 ( $   -2,101.77 )$    51,756.15 ➤ $    48,334.15 
#3922019-09-20:-1×LOW 17 Jan 2020 $125.00 C $       182.00 ( $          -0.80 )$    51,828.92 ➤ $    48,406.92 
#3912019-09-20:-3×INTC 15 Nov 2019 $45.00 P $       129.00 ( $          -3.83 )$    51,647.72 ➤ $    48,225.72 
#3902019-09-20:-2×INTC 15 Nov 2019 $55.00 C $       168.00 ( $          -1.59 )$    51,522.55 ➤ $    48,100.55 
#3892019-09-20:-2×GILD 21 Feb 2020 $75.00 C $       266.00 ( $        -13.23 )$    51,356.14 ➤ $    47,934.14 
#3882019-09-20:-2×GILD 17 Jan 2020 $60.00 P $       270.00 ( $          -2.56 )$    51,103.37 ➤ $    47,681.37 
#3872019-09-20:-2×CSX 17 Jan 2020 $70.00 P $       820.00 ( $          -1.80 )$    50,835.93 ➤ $    47,413.93 
#3862019-08-16:-1×XOM 17 Jan 2020 $80.00 C $         33.00 ( $          -4.69 )→ #416$    50,017.73 ➤ $    46,595.73 
#3852019-08-16:-1×DGX 21 Feb 2020 $100.00 C $       675.00 ( $          -0.31 )$    49,989.42 ➤ $    46,567.42 
#3842019-08-14:-1×TIF 17 Jan 2020 $85.00 P $       769.00 ( $          -1.66 )$    49,314.73 ➤ $    45,892.73 
#3832019-08-02:-1×XOM 18 Oct 2019 $67.50 P $       135.00 ( $          -0.80 )$    48,547.39 ➤ $    45,125.39 
#3822019-08-02:-1×VZ 18 Oct 2019 $52.50 P $       108.00 ( $          -0.96 )$    48,413.19 ➤ $    44,991.19 
#3812019-08-02:-3×PFE 20 Sep 2019 $40.00 C $       138.00 ( $          -2.39 )$    48,306.15 ➤ $    44,884.15 
#3802019-08-02:-1×MRK 20 Sep 2019 $80.00 P $       110.00 ( $          -1.09 )$    48,170.54 ➤ $    44,748.54 
#3792019-08-02:-1×MDT 20 Sep 2019 $97.50 P $       158.00 ( $          -0.80 )$    48,061.63 ➤ $    44,639.63 
#3782019-07-25:-2×NKE 18 Oct 2019 $75.00 P $       124.00 ( $          -0.99 )$    47,904.43 ➤ $    44,482.43 
#3772019-07-25:-2×MS 15 Nov 2019 $42.00 P $       263.00 ( $          -0.85 )$    47,781.42 ➤ $    44,359.42 
#3762019-07-25:-1×LLY 17 Jan 2020 $85.00 P $       106.00 ( $          -7.74 )→ #419$    47,519.27 ➤ $    44,097.27 
#3752019-07-25:-1×AAPL 18 Oct 2019 $180.00 P $       180.00 ( $          -0.65 )$    47,421.01 ➤ $    43,999.01 
#3742019-07-22:-1×XOM 17 Jan 2020 $80.00 C $       127.00 ( $          -5.32 )→ #416$    47,241.66 ➤ $    43,819.66 
#3732019-07-22:-1×VLO 20 Dec 2019 $100.00 C $       105.00 ( $          -0.68 )$    47,119.98 ➤ $    43,697.98 
#3722019-07-22:-2×TSM 18 Oct 2019 $45.00 C $       380.00 ( $      -946.30 )→ #408$    47,015.66 ➤ $    43,593.66 
#3712019-07-22:-1×TRV 18 Oct 2019 $155.00 C $       255.00 ( $          -0.35 )$    47,581.96 ➤ $    44,159.96 
#3702019-07-22:-1×DIS 18 Oct 2019 $145.00 C $       407.00 ( $          -0.80 )$    47,327.31 ➤ $    43,905.31 
#3692019-07-22:-1×D 17 Jan 2020 $80.00 C $       175.00 ( $      -236.64 )→ #444$    46,921.11 ➤ $    43,499.11 
#368b2019-07-16:-1×ORCL 20 Sep 2019 $55.00 P $         76.00 ( $      -109.07 )→ #396$    46,982.75 ➤ $    43,560.75 
#368a2019-07-16:-1×ORCL 20 Sep 2019 $55.00 P $         76.00 ( $          -0.50 )$    47,015.82 ➤ $    43,593.82 
#3672019-07-16:-2×CSX 20 Sep 2019 $72.50 P $       150.00 ( $      -548.77 )→ #387$    46,940.32 ➤ $    43,518.32 
#3662019-06-28:-1×WMT 20 Dec 2019 $100.00 P $       213.00 ( $          -3.44 )→ #428$    47,339.09 ➤ $    43,917.09 
#3652019-06-28:-1×UTX 15 Nov 2019 $115.00 P $       222.00 ( $          -0.80 )$    47,129.53 ➤ $    43,707.53 
#3642019-06-28:-2×PEP 18 Oct 2019 $110.00 P $       118.00 ( $          -0.99 )$    46,908.33 ➤ $    43,486.33 
#3632019-06-28:-2×EMR 20 Dec 2019 $60.00 P $       374.00 ( $          -9.19 )$    46,791.32 ➤ $    43,369.32 
#3622019-06-28:-2×CL 15 Nov 2019 $65.00 P $       248.00 ( $          -1.00 )$    46,426.51 ➤ $    43,004.51 
#3612019-06-28:-3×BEN 17 Jan 2020 $30.00 P $       261.00 ( $   -1,413.35 )→ #442$    46,179.51 ➤ $    42,757.51 
#3602019-06-28:-2×ABBV 15 Nov 2019 $60.00 P $       224.00 ( $          -1.00 )$    47,331.86 ➤ $    43,909.86 
#3592019-06-28:-1×TSM 17 Jan 2020 $45.00 C $       105.00 ( $   -1,380.59 )→ #439$    47,108.86 ➤ $    43,686.86 
#3582019-06-28:-2×ABBV 15 Nov 2019 $80.00 C $       303.00 ( $   -1,332.34 )→ #409$    48,384.45 ➤ $    44,962.45 
#3572019-06-21:-3×GPS 17 Jan 2020 $20.00 C $       345.00 ( $      -111.72 )$    49,413.79 ➤ $    45,991.79 
#3562019-06-21:-1×CSCO 18 Oct 2019 $52.50 P $       120.00 ( $          -1.10 )$    49,180.51 ➤ $    45,758.51 
#3552019-05-29:-2×MS 16 Aug 2019 $40.00 P $       262.00 ( $        -18.44 )→ #377$    49,061.61 ➤ $    45,639.61 
#3542019-05-28:-2×DAL 20 Sep 2019 $50.00 P $       310.00 ( $          -1.00 )$    48,818.05 ➤ $    45,396.05 
#3532019-05-28:-2×CMCSA 17 Jan 2020 $45.00 C $       396.00 ( $      -260.07 )→ #443$    48,509.05 ➤ $    45,087.05 
#3522019-05-24:-3×SKT 17 Jan 2020 $20.00 C $       188.00 ( $        -26.08 )→ #413$    48,373.12 ➤ $    44,951.12 
#3512019-05-22:-2×SKT 17 Jan 2020 $20.00 C $       112.00 ( $        -16.78 )→ #413$    48,211.20 ➤ $    44,789.20 
#3502019-05-22:-2×GIS 19 Jul 2019 $50.00 P $       176.00 ( $          -1.00 )$    48,115.98 ➤ $    44,693.98 
#3492019-05-22:-2×ADM 20 Sep 2019 $35.00 P $       110.00 ( $          -0.75 )$    47,940.98 ➤ $    44,518.98 
#3482019-05-20:-1×SNA 20 Sep 2019 $140.00 P $       260.00 ( $          -1.10 )$    47,831.73 ➤ $    44,409.73 
#3472019-05-16:-2×GIS 18 Oct 2019 $47.50 P $       260.00 ( $          -1.60 )$    47,572.83 ➤ $    44,150.83 
#3462019-05-16:-1×AOS 18 Oct 2019 $45.00 P $       180.00 ( $          -1.10 )$    47,314.43 ➤ $    43,892.43 
#3452019-05-15:-2×WFC 18 Oct 2019 $42.50 P $       240.00 ( $          -1.00 )$    47,135.53 ➤ $    43,713.53 
#3442019-05-15:-1×TIF 16 Aug 2019 $90.00 P $       302.00 ( $      -638.29 )→ #384$    46,896.53 ➤ $    43,474.53 
#3432019-05-15:-2×SO 15 Nov 2019 $45.00 P $         88.00 ( $          -0.99 )$    47,232.82 ➤ $    43,810.82 
#3422019-05-15:-2×QCOM 18 Oct 2019 $65.00 P $       156.00 ( $          -0.99 )$    47,145.81 ➤ $    43,723.81 
#3412019-05-15:-1×INTC 20 Sep 2019 $40.00 P $       105.00 ( $          -0.80 )$    46,990.80 ➤ $    43,568.80 
#3402019-05-15:-1×DIS 19 Jul 2019 $140.00 C $       242.00 ( $          -0.80 )$    46,886.60 ➤ $    43,464.60 
#3392019-05-15:-1×AAPL 18 Jun 2021 $205.00 C $    2,323.00 ( $          -0.69 )$    46,645.40 ➤ $    43,223.40 
#3382019-04-23:-1×PG 15 Jan 2021 $105.00 C $       896.00 ( $   -2,201.60 )$    44,323.09 ➤ $    43,224.09 
#3372019-04-22:-1×WBA 17 Jan 2020 $65.00 C $       163.00 ( $          -0.80 )$    45,628.69 ➤ $    44,529.69 
#3362019-04-22:-2×WBA 17 Jan 2020 $65.00 C $       328.00 ( $          -0.85 )$    45,466.49 ➤ $    44,367.49 
#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 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:

#4662020-03-19:-1×O 19 Jun 2020 $37.50 P $       350.00 ( $ -0.30 )→ Out of the money with a  61% safety margin  
#4652020-03-19:-1×NNN 19 Jun 2020 $22.50 P $       190.00 ( $ -0.30 )→ Out of the money with a  58% safety margin  
#4572020-03-09:-1×HRL 19 Jun 2020 $40.00 P $       155.00 ( $ -0.35 )→ Out of the money with a  17% safety margin  
#4482020-01-21:-2×ORCL 19 Jun 2020 $47.50 P $       150.00 ( $ -1.49 )→ Out of the money with a  9% safety margin  
#4402019-12-18:-2×XEL 17 Jun 2020 $55.00 P $       150.00 ( $ -0.21 )→ Out of the money with a  16% safety margin   
#4282019-11-26:-1×WMT 19 Jun 2020 $100.00 P $       158.00 ( $ -0.65 )→ Out of the money with an  18% 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  

 July 2020:


#4702020-05-28:-3×CMCSA 17 Jul 2020 $35.00 P $       150.00 ( $ -2.21 )→ Out of the money with a  13% safety margin  
#4682020-04-17:-1×LOW 17 Jul 2020 $90.00 P $       702.00 ( $ -0.66 )→ Out of the money with a  40% safety margin    
#4442020-01-15:-1×D 17 Jul 2020 $82.50 C $       267.00 ( $ -0.30 )→ In the money by  1% — caution!   
#4432020-01-15:-2×CMCSA 17 Jul 2020 $47.50 C $       402.00 ( $ -1.50 )→ Out of the money with a  17% safety margin  
#4302019-12-12:-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.

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