Ok so I’m a little behind on reporting some of my options trades. I’m almost caught up since my trip to Seattle. I’m today reporting 5 trades that happened in the last two weeks. Three of these trades just happened yesterday. I still think a good put selling strategy compliments my DG portfolio well.
The original trades:
04/08/13 Sold 1 INTC Oct 19 ’13 $22 Put @ 2.28
10/08/13 Sold 1 KO May 17 ’14 $36 Put @ 1.77
05/02/13 Sold 1 TEVA Dec 21 ’13 $37.50 Put @ 2.50
05/09/13 Sold 1 BBL Dec 21 ’13 $55 Put @ 3.00
05/29/13 Sold 1 TGH Nov 16 ’13 $35 Put @ 1.75
The closing trades:
10/03 BTC 1 INTC Oct 19 ’13 $22 Put @ 0.35; profit of $193 in 6 months.
10/14 BTC 1 TEVA Dec 21 ’13 $37.50 Put @ 0.47; profit of $203 in 5 months.
10/14 BTC 1 BBL Dec 21 ’13 $55 Put @ 1.30; profit of $170 in 5 months
10/14 BTC 1 TGH Nov 16 ’13 $35 Put @ 0.25; profit of $150 in 5 months
Totals of $716 in profits from closing out these four puts.
I decided to close out some of these profitable puts just in case of a market pullback. I still plan to continue selling puts when the price seems right.
You will notice just one new put in KO that hasn’t been closed out yet. If that KO puts gets assigned I’ll get to grab 100 shares at a cost of $34.23/share. This is a fair price in my opinion for KO.
I currently have 8 open options positions and have already met my options goals of $3000. I’m up to $3924 in options profit. This is very close to my total in dividends received. I met and posted this options goal in July. My options income was passed up by my dividend income this past month but I’ve still received impressive gains in this options account considering the small balance I keep there.
My options page has been updated accordingly.