Assigned on NIO covered call on Friday….will reopen new position

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/

#coveredcalls-2

NIO and VIAC Covered Calls

https://coveredcallswithjeff.wordpress.com/2021/04/21/nio-covered-call-hanging-in-despite-price-drop-viac-cc-not-working-so-well/

#coveredcalls-2

Covered Call on NIO – Update and Progress – Interesting ride!

https://coveredcallswithjeff.wordpress.com/2021/02/11/covered-call-on-nio-unrealized-profit-of-56870/

#coveredcalls-2, #nio-3

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/

#coveredcalls-2, #nio-2

ABT Covered Call Strategy Progressing Well

https://coveredcallswithjeff.wordpress.com/2020/11/16/covered-call-strategy-on-abt-progressing-well-profit-of-22682-in-174-days-or-83-174-annualized-31-rolls-of-the-short-calls/

#abt-2, #coveredcalls-2

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/

#coveredcalls-2

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/

#coveredcalls-2

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/

#atec, #coveredcalls-2

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/

#coveredcalls-2

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.

#coveredcalls-2, #nio

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.

#coveredcalls-2

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.

#coveredcalls-2, #sdc, #sdc-2

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. 

Rapid rise in stock price between July 13 and 20 created a scenario where it would have been more profitable to just purchase the stock versus the covered call strategy. Can’t complain about a 12% return in 66 days……but it could have been higher.

#coveredcalls-2

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.

#coveredcalls-2

Not a great week in IB despite good market

9 of 11 positions making a profit. DXCM made for tough week. Down $21 on Thursday….Down $9 on opening Friday….sold naked $350 calls that were $30 below $380’s. Big bounce….buy $380 calls back then roll up the $350 to $360. Messy and expensive. Stock ended up $19.64 on Friday and I got very little of it!

#coveredcalls-2

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