Expiration week 04Nov22. ETFs with weekly options, BarChart 1-month Performance Chart view. ERX again this week OIH again SPXL UCO XOP again NO ASSIGNMENTS THIS WEEK. Average RoR 1.3% per trade. Ending account balance 105,958. End of 3rd week since reset to 100k, so averaging 1.9% per week. Some of that is coming from the CCs, which are tracked in the other thread.
Expiration week 04Nov22. Two assignments from Week 6 CSPs, SARK & TBT, and only TQQQ carries over from last week’s CCs. SARK TBT TQQQ
Expiration week 28Oct22. Of the 7 trades in the Week 5 CSPs, none were assigned, so no new CCs. And of the 4 assigned stock positions I was working CCs on last week, JNUG & TNA were called away (both at >1%/week), and I’m carrying over TQQQ & UPRO. TQQQ Carries over into a 6th week with CB 20.18 and the 28Oct21C still open. Spot 20.63, so the trade is 2.2% positive, hoping to get called away at 21 for 4% …
Expiration week 28Oct22. Back to ETFs with weekly options. ERX OIH SARK TBT XOP
Expiration week of 21Oct22. This is a monthly expiration week (as well as weekly, of course), so I did something new and chose from my Barchart watchlist of ETFs with only monthly options. As usual, I used the 1-month Performance Chart View, the one that gives a bar chart of performance, best to worst. To give you an idea of the symbols I screened from, top of that list were KOLD and DRV, which offered 1% strikes above where I …
Expiration week 21Oct2022. Of the 5 trades in the Week 4 CSPs, NONE were assigned to add to this list. And of the 6 assigned stock positions I was working CCs on last week, one was called away (at a loss), and one I sold the shares at a profit, so I’m carrying over four of those. JNUG Week 2 as a CC. CB 24.95. Spot 23.23 at Fri close. The 34Δ 21Oct25C at 0.72 is loaded for Monday. Mon …
In weekly posts I’ve been tracking my CSP trades, and then if they got assigned I was tracking them as CCs until the shares were called away or sold, closing out the trade at a profit. Those are very detailed and go into why I picked certain tickers, why I sold specific Puts or Calls, etc. But now I want just an overview page where I can see how all those trades have done over time. Very simple, just tickers, …
Of the 5 trades in the Week 3 CSPs, one was assigned, JNUG, so it goes on the CCs list. And of the 7 assigned stock positions I was working CCs on last week, 2 were called away at a profit, so I’m carrying over five of those. DUST Carries over with CB 26.12 and the 27Δ 14Oct24C open, which sold for 0.50. Fri close: 27.29, so the shares got called away at 24 and I lost money. After accounting …
Expiration week of 14Oct22. Over the weekend I read a Reddit post where for monthlies or longer they use the TastyTrade 50%-of-max-profit criteria for closing trades, but for weeklies they use 70-80%. I’d been thinking along the same lines, so that made sense to me, and going forward I’ll use 75% take-profit BTC orders. For this week I didn’t focus on inverse ETF pairs, but 4 of the 5 new trades ended up being those anyway. I sorted my Barchart …
Of the 5 trades in the Week 2 CSPs, one was assigned, DUST, so it goes on the CCs list. And of the 7 assigned stock positions I was working CCs on last week, only 1 was called away at a profit, so I’m carrying over six of those. DUST Assigned at 27, and had collected only 0.47 in net premiums, so CB 26.53. Friday close: 24.72 Sunday trade setup: the 07Oct26.5C at 31Δ for 0.57 mid would give a …