Below are the actual trades:

Date	Action	Ticker	Expiration	Strike	Call/Put	Qty	Price	Net	close Price	closeout
7/6/2017	Sell	MO	1/18/2019	90	Put	1	$19.00	$1,894.55	28.5	-$955.45
7/6/2017	Sell	MO	9/21/2018	75	Call	1	$5.15	$509.55	2.12	$297.55
8/11/2017	BTC	MO	9/21/2018	75	Call	1	-$2.12	-$217.45
7/6/2017	Sell	BDX	1/19/2018	210	Put	1	$18.00	$1,794.55	4.9	$1,304.55
7/6/2017	Sell	MDT	6/15/2018	97.5	Put	1	$11.25	$1,119.55	11.25	-$5.45
7/6/2017	Sell	JNJ	6/15/2018	150	Put	1	$19.50	$1,944.55	10.2	$924.55
7/20/2017	Sell	V	6/15/2018	115	Put	1	$17.50	$1,744.55	10.5	$694.55
7/20/2017	Sell	V	1/18/2019	130	Put	1	$31.75	$3,169.55	23.64	$805.55
8/10/2017	Sell	ESV	1/18/2019	15	Put	1	$10.50	$1,044.55	9.81	$63.55
8/9/2017	Sell	Teva	1/18/2019	37.5	Put	1	$19.30	$1,924.55	20	-$75.45
8/9/2017	Sell	Teva	1/18/2019	30	Put	1	$12.20	$1,214.55	15.42	-$327.45
8/10/2017	Bought	Teva	9/1/2017	17	Call	2	-$1.28	-$261.45		-$261.45
8/10/2017	Bought	Teva	9/15/2017	17.5	Call	5	-$1.37	-$690.45
9/12/2017	STC	Teva	9/15/2017	17.5	Call	5	$2.29	$1,139.55	2.29	$449.10
8/8/2017	Sell	GIS	1/18/2019	67.5	Put	1	$12.30	$1,224.55	16.19	-$394.45
8/2/2017	Sell	MO	9/21/2018	80	Put	1	$17.50	$1,744.55	17.25	$19.55
9/7/2017	Sell	MO	1/18/2019	90	Put	1	$18.50	$1,844.55	28.5	-$1,005.45
10/17/2017	Sell	V	12/20/2019	160	Put	1	$52.52	$5,246.55	52.8	-$33.45
TOTALS								$26,390.90		$1,500.35

The last update on trades had generated $7262 in revenues. I’m approved for “naked” options trading meaning I can sell puts on companies I don’t own and without having the cash to purchase said security. This update shows I’ve generated $26,390 in revenues.  The closeout column is what my total profit will look like if I closed out all trades today.

Note:  These profits won’t include dividends which I do receive from investing in other dividend paying stocks with the revenue.

My BDX put is killing it, I could close out with nearly a $1300 profit in a short amount of time!  The MO puts are killing me though.  However, I like Altria for the long-term and if I get assigned shares I’ll be ok with it.  I had a couple of speculative calls expire with Teva for a loss of $261.45.  However, I earned $449.10 on another 5 calls I bought and then sold on 09/12.  Teva remains a large speculative position for me.  I don’t see them going bankrupt but I do see shares under pressure until the new CEO can get things going again.

My V puts continue to do well.  V is a wonderful company and I believe shares will continue to beat the market for a while.  This is why I’ve sold 3 large deep in the money puts for a nice revenue stream.  The first two puts would profit about $1500 if I closed them out today.

So what happens in the case that one of these companies is lower near expiration? Well, I have a few options.

a. I can do nothing and I’ll be required to purchase 100 shares of said security at the strike price. It’s sort of like I’m buying the company right now at a discount.

b. I can decide to purchase back the put for more money at a loss of approximately ($71/share – current share value) x 100.

c. Third option is to “roll” the put forward. What this means is that I simultaneously purchase the put back and sell another longer dated put so that I haven’t lost any money.

Well the good news is that I’m in the positive on these trades.  This is in my speculative account but I still target mainly dividend paying companies that I want to own or already own anyways.  Any profits will go directly into purchasing more shares of solid dividend-paying companies.