https://coveredcallswithjeff.wordpress.com/2021/06/02/assigned-on-nio-on-5-29-21-profit-of-24073-in-258-days-return-on-capital-of-84-9-or-120-annualized/
Tag Archives: #coveredcalls
NIO and VIAC Covered Calls
Covered Call on NIO – Update and Progress – Interesting ride!
https://coveredcallswithjeff.wordpress.com/2021/02/11/covered-call-on-nio-unrealized-profit-of-56870/
Summary of NIO CC through 115 Days
https://coveredcallswithjeff.wordpress.com/2021/01/10/covered-call-on-nio-generating-unrealized-gain-of-23447-in-115-days-129-or-410-annualized/
ABT Covered Call Strategy Progressing Well
Trade and Account activity Wk ending 10/23 – lots of diagonal down rolls….
https://coveredcallswithjeff.wordpress.com/2020/10/24/summary-of-account-activity-wk-ending-10-23-risk-and-margin-reduction-via-diagonal-roll-downs/
Covered Calls – IB Positions and Trades 10/16
https://coveredcallswithjeff.wordpress.com/2020/10/18/ib-account-wk-ending-10-16-trades-and-positions-13917-or-4-2-in-the-week/
New Covered Call on ATEC
We like to find young medical device companies with innovative technology that we can write covered calls against. ATEC looks promising. Great revenue growth and really nice margins.
Options are monthly….not ideal but they don’t take much work.
https://coveredcallswithjeff.wordpress.com/2020/10/09/new-covered-call-on-atec/
Update on Covered Called Strategy on Steris (STE)
https://coveredcallswithjeff.wordpress.com/2020/10/09/follow-up-on-ste-covered-call-strategy-stock-price-run-up/
NIO Covered Call
NIO is looking like a good stock for CC strategy. Lots of volatility on the stock, good premiums on the options. 8.9% return in 29 days…..so far. Had 1,000 shares called away at $17.50 and replaced them and doubled down with 2,000 shares and covered with Sep 18 $18.
Covered Calls 8/21 and Actions
All the positions below are part of covered call strategies across three accounts. Assigned on a couple I wasn’t planning on. Just couldn’t get all the trades done. Internet at the cottage in Canada is functional….but not ideal.
New Covered Call Position in SDC
SDC stock dropped following the recent earnings call. SDC covered calls have generated significant profits in my Schwab accounts. The drop in price created an opportunity to establish new covered calls in IB account. SDC has an interesting business model (changing the paradigm in the orthodontics). Two members of our family have had positive experiences with using the system.
The covered call positions were established with the purchase of 1,000 shares on the 8/17 and another 1,000 shares on 8/18. On 8/17 we sold 10 Aug 21 $7.50 calls followed by selling 10 Aug 21 $8 calls.
Covered Call on ISRG Assigned – Profit of $6,944 in 67 Days, 12% ROI or 66% Annualized
On Friday ISRG closed above strike price of $675 resulting in assignment of the shares. Shares were originally purchased on June 1. Over the 67 days we held the stock we adjusted our position on a weekly basis as shown in the table below.
Visual Representation of Profit/Loss across 30 Covered Call Positions
The graphs represent the individual covered call positions across three accounts. Positions are tracked over time showing the daily profit/loss for the stock/option and net.
Not a great week in IB despite good market
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)
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/
Options Bistro 