Archive for September, 2020
Posted by Martin
September 30, 2020
We have added a few more trades today to our accounts: Bought 10 PPL shares @ 27.08 Roll 1 IWM Oct9 150 call to Oct23 152.50 call for 0.21 credit We bought 10 more shares of PPL reaching our goal of 100 shares in our account #1. Now we will start accumulating AT&T Continue reading →
Posted by Martin
September 28, 2020
We have added a few more trades today to our accounts: Roll 1 IWM Sep30 148 call to Oct9 150 call for 0.53 credit With the market renewed rally, we had to roll our IWM trade once again. We rolled it into the next week’s expiration and 150 strike. With the rally, we may Continue reading →
Posted by Martin
September 28, 2020
We sold a put against TSN stock (Tyson Foods) and collected $34 credit. We plan on holding the put until expiration and generate income. If the put expires worthless, we will sell a new one next month, if the put gets in the money, we will attempt rolling it for credit. If it gets assigned, Continue reading →
Posted by Martin
September 28, 2020
We added a few more shares raising our holdings to 85. Once again, our goal is to reach 100 shares so we can start selling covered calls or covered strangles, or what have you to further monetize our position and receive more income than just the dividends.
Posted by Martin
September 27, 2020
For some time I was neglecting updating our stock and options holdings on this blog. Most of the time, I was updating these positions on Facebook but since I decided to leave Facebook for good, I returned back here and will be updating our positions in this blog again. I manage four (4) accounts of Continue reading →
Posted by Martin
September 27, 2020
If you were waiting for lower prices and wanted to buy in, do it quickly otherwise you just missed the boat. It seems, the 10% correction is over and we are heading up again. Not because anything has changed or the economy improved over Saturday and Sunday, but because the market players just had their Continue reading →
Posted by Martin
September 27, 2020
Just now, I have come across an announcement on Youtube about a never ever before and never ever in the future offered trading seminar with pre-lockdown and post-lockdown prices… “literally you get 50% off”… So I went to the website, announcing such a great deal, to check those pre-lockdown and after-lockdown, never seen prices, and Continue reading →
Posted by Martin
September 23, 2020
The market struggles to find the ground. A few bounce attempts failed. We are currently down -1.56% and it seems we are heading towards 200 DMA. But this is ultimately a good thing, providing this market with a much needed correction. We rallied up hard with no break or pullbacks and we need Continue reading →
Posted by Martin
September 23, 2020
We added 14 shares of PBCT stock to our holdings in the account #1 and we have reached 100 shares in this account. We will now start selling a covered strangle against this position (covered calls and cash-secured puts) to lower our cost basis. Our current cost basis is $10.86 and we hope to be Continue reading →
Posted by Martin
September 21, 2020
This post is about my view on selling covered calls below the cost basis of your stock (stock purchase price) when overwriting your portfolio. Is it a problem or a betterment to your portfolio? Other implications, such as taxes. I have seen investors expressing their concerns when the markets dropped earlier this year and Continue reading →
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