I was selling cash secured puts as long as I got assigned into the stock.
After I got assigned, I kept the stock, collected nice dividend, and started selling covered calls. Today, my covered calls ended in the money and got assigned. I sold my stock.
This ends this trade and on Monday I will start the cycle again by selling new cash secured puts.
Here is the ETE trade review in numbers:
|Open date||Strike||Option||Premium||Trade Status|
|Total Premiums Received:||$241.00|
|Total Revenue %:||14.18%|
|Total Revenue Annualized:||40.77%|
|Days In Trade:||127|
The dividends from this trade have been reinvested using DRIP program. I bought additional 1.505 fractional shares of ETE. These shares will bear dividends and I will continue reinvesting them.
This will ensure my stake in ETE will continue slowly growing.
· What’s next?
On Monday, I will start selling new cash secured puts (CSP) – a new triple play cycle.
I plan on selling April 28 expiration 19 strike puts on Monday. Here is what the trade order would look like:
STO 1 ETE Apr28 19.00 put
@ 0.36 credit limit GTC
The expected ex-date is May 5th, 2017 (not confirmed yet) so the shares must get assigned in April 28th in order to own the shares before the ex-date (which would be the following Friday).
If the puts won’t get assigned, I will let them expire worthless and purchase 100 shares of ETE outright on Thursday the following day.