Here are this weeks option trades. It’s been a steady way to squeeze a little more money out of the portfolio and allows me to reinvest the premiums into my long term holds.
I had one open position held over from last week and that was
- $35 P TQQQ 8/19/22 .76 EXPIRED
I held onto that contract until expiration and TQQQ closed the week just above the strike price.
New contracts for the week –
- $49.50 P PFE 8/19/22 .48 ASSIGNED
- $19.5 P SOXL 8/19/22 .30 ASSIGNED
- $20.5 P SOXL 8/19/22 .70 ASSIGNED
- $12 P LABU 8/19/22 .45 ASSIGNED
All my PUTS this week were assigned. PFE will just be part of my dividend portfolio. The SOXL and LABU I will nor write covered calls above my cost basis to collect the premiums until they get called away. I have zero open positions going into next week and collected a total of $193 this week. Total premiums collected for August $819.