Today is not only the end of the week but also closes out the month. This weeks trades:
- C SOXL 8/5/22 $20.5 0.26
- C SOXL 8/5/22 $20.5 0.30
- P TQQQ 8/5/22 $25 0.70 CLOSED
Expired, Closed, Assigned Options
- C WBA 7/29/22 $40 0.14 EXPIRED
- C SOFI 7/29/22 $7 0.08 EXPIRED
- C PARA 7/29/22 $28.5 0.12 EXPIRED
- C TQQQ 7/29/22 $30 1.65 ASSIGNED
I started off with 2 CC’s (Covered Calls) on SOXL @$20.5 strike and expiration of Aug 5th and collected $56 in premiums, A few weeks back I had been assigned 200 shares at a cost basis of $20.50 and have been writing CC’s ever since. To date I have collected $307 in premiums on SOXL.
Also wrote a CSP (Cash Secured Put) on TQQQ @25 strike and expiration of Aug 5th and collected $70 in premium. As the share price appreciated during the week, I closed out this trade on Friday for $5 locking in $65 in profits. I was assigned 100 shares on 7/1 @ $25.90 and have been writing $30 calls on this position along with Puts at a lower strike price. TQQQ finished the week @33.36 well above my $30 strike but it closes my position and allows me to begin the process all over again next week.
Finished the month of July collecting $1021 in premiums.