New CC’s

  • VIAC 6/19 $24 net $22.14
  • MO 6/19 $41 net $40.05
  • SJR 6/19 $17.50 net $17.18 (pays monthly dividend)

#coveredcalls-2

Assigned on 226 of 336 SDC Jun 5 $7.50 Calls Position +44.7% in 44 Days

Recent run up in stock to $8.66. Details on the CC position established in April are below.

https://coveredcallswithjeff.wordpress.com/2020/06/04/assigned-on-sdc-22600-shares-cc-position-profit-80496-in-44-days-44-7-or-371-annualized/

#coveredcalls-2, #sdc, #assignment

May IB Account

  • 12/12 Positions have cumulative net profit. Source of profit:
    • 4 stock driving profit
    • 4 short options driving profit
    • 4 stock and options driving profit

Overall net profits would be higher with just owning the stock (driven by DXCM and EW). Removing DXCM and EW from the calculation we have $19,000 in profit ($9,004 from stocks, $10,000 from short options).

6 positions assigned. 3 positions expired. 1 Diagonal down.

Moved to the cottage in Canada on Thursday. Issues with internet and couldn’t get trades done to roll positions and avoid assignment/expiration. Managed to get Schwab trades done but ran out of time with IB :(. Love the cottage…..hate the service.

#coveredcalls

Managing DXCM CC Positions

DXCM has been on a wild ride since early March with a low of $182.07 and a high of $428.59. The increase has made it a significant percent of my account. Interesting challenge to manage. Protect on the downside after such a run up and leave some upside. Getting called away will trigger a capital gain that I would prefer to manage over time (make it long term).

In mid May I switched to a “ladder” of strike prices under the stock price to increase the protection. I was not able to protect all of the gain. The stock has dropped $90,775 in value. Options have increased in value by $59,625 for a net loss of $31,510. The position has a profit of $90,305 in 44 days.

The current position is below. 4.8% protection and 2.8% upside. Options are all Jun 19 expiry (monthly only).

Not sure if I have done the right management. If I had known the stock would go on such a run I wouldn’t have sold the calls to start with! Hope this might help someone manage a similar position. Comments/suggestions are welcome.

#dxcm-2, #ccl-covered-call

BOUGHT 3 CC’s May 29 $205 TWLO net $198.49, Stock at $204.50

BOUGHT 5 May 29 CC’s on WORK @ $30.392, Stock at $31.50

TDOC CC May 22 $167.50 net $164.99 w stock at $171.07