$VEEV - everything goes according to plan. We crossed the 200SMA, we might retest back there. There's a huge supply zone around $227-$240 where the stock is struggling today. I own shares and sold covered calls for August 19, 240 strike.
... for a 191.42 credit.
Comments: (Late Post). Paid 187.73 to put this on. (See Post Below). Money, take, run today. 3.69 ($369) winner. Will look to re-up in the next couple of days, as I still have IWM short delta on.
for an 187.73 debit.
Comments: Since I've got IWM short delta hedge still hanging out there and no remaining IWM short puts to offset, doing a heavy long delta covered call (it's 67.48 long delta). Will look to roll out the short call (currently marking at 2.42) at 50% max to a similarly delta'd strike at or above my cost basis.
From a price action...
How high will every go? I sold covered calls in XLE at 80 strike. This is a good position to be in. If it stays above 80 until mid June will buy back in. If below 80 will collect most premium and roll to July.
I predicted everything nearly perfectly to my surprise.
I said we would probably either have a pump or a major dump. Not only did we majorly dump right before the pump, but the pump was with in my time frame and just barely broke over my designated price target.
I hope you all cash out in the morning.
Good luck apes!!!!
My FUBO weekly 29 Strike Options Expired today. I collected $0.63 and stock that I bought at $28.63 was called away at $29.
On Monday Nov 1, I'll buy another weekly covered call and collect the premium. Hopefully the premium will be above 2%.
... to April 14th 16 Covered Call for a .40 credit.
Comments: My cost basis in shares was 14.76 (See Post Below). Now it's 14.76 - .40 or 14.36. At the time of fill, the short call aspect of this setup was worth .97, so will look at the setup again when that approaches 50% max. I naturally don't generally like rolling out this far in time, but wanted to stay...
... for a .68 credit.
Comments: There isn't any November or December monthly yet, so extending duration out to January. My original cost basis was 15.44/share (See Post Below). With this roll, it's now 15.44 - .68 or 14.76, so I could conceivably roll this down to 15 with "my next move" and still be selling above my cost basis. However, we'll wait and see if...
... for a 15.44 debit.
Comments: A small engagement trade in the small account ... . Here, going monied (i.e., the short call is in-the-money versus out-of-the-money), looking for MJ to stay above 16 running through expiry. Post-fill, entered an order to take it off for 15.95 (.05 short of max). That is unlikely to fill until the waning days of the short call...
... and closing August 20th 20 Short Call and opening September 2x 20 Short Calls.
Notes: This is a trade that started out as a call ratio where I bought 2 x the 15's calls and sold a 20 call in the August 20th expiry, after which it promptly moved toward 15.
I'm inclined to think that it will need more time to work out, so exercised the long calls today to...
Reasons for likely recovery :
- NOV suffered under major commerce COVID restrictions' impact on petro use.
- NOV is poised to recover with the opening of commerce. Petro sector is critical for both recovery and any developments in the ALT energy sectors.
- NOV supplies the equipment to the petro market, insulating it somewhat from the...
... for a .71/contract credit.
Notes: A continuation of my TLT covered calls (i.e., shares of stock + short call). (See Post Below). With the 145's converging on 50% max, rolling out to the July 144's (28 delta) for a .71/contract credit. Total credits collected of 7.13 versus a short call value of 1.49 = realized gains of 5.64/contract so far on the short...
I understand the euphoria of picking on a winning horse and getting returns in excess of or even more than 100%, but what you need to pay attention to is money management and managing your positions.
You can buy stocks, you can buy futures, you can buy bonds and you can buy and/or sell options.
The key is always to use the instruments that we feel confident in and...
I am still holding my original WMT shares form my first covered call series of trades and hope to continue that trade soon with a new call. This trade is a second position of the same caliber. I bought 100 more share of WMT at $128.52, and sold a 128 call with expiration of 3/12/21 for a credit of $2.30 last week.
Break even for the trade is currently $126.46...
in this post, i quickly share why i love selling covered call into the earnings for stocks that i held for sometimes and i'm ready to cash out of.
I sold the Feb 12 Call option with strike $65 for TWTR yesterday for $2.20
Why ? how is this a good trade?
i believe selling CC into earnings is one of the lowest risk trades - it's a great weapon to add to your...
Been holding this trade for a few weeks now. This is my first post related to options trading. I'm using the lines to show a visual of how selling a Call has helped create a range of profitability and risk management.
GREEN LINE - Max Profit - This green line is in relation to the original share price entry point, the Call strike price, plus any premium...
10,467 CSCO 47 strike calls expiring Feb 19th 2021 were traded at 0.89 in a single print above open interest of 1,141.
Since we don't have visibility to what the bid or ask price was when these calls were traded, we have to look at this from different perspectives.
1.) Call Buying - This could be interpreted as call buying since one could argue that CSCO is...