February Options income.

 In the month of February i secured $485 in options income. This has been mostly on two stocks. One  is  SPCE ,which i own and have been writing covered calls since last year and Other stock i am writing cash secured puts for last few weeks.

Date Options Premium

16-Feb SPCE $60 Call 2/19 sell 42

16-Feb AMC $5 PUT 2/19 Sell 8

22-Feb SPCE $60 Call 2/26 sell 53

24-Feb AMC $8 PUT 2/26 Sell 65

1-Feb SPCE $67 Call 2/5 sell 110

3-Feb AMC $6 PUT 2/5 Sell 39

5-Feb AMC $5.5 PUT 2/12 Sell 63

8-Feb SPCE $67 Call 2/12 sell 82

8-Feb AMC $6 PUT 2/5 Sell 23

This Year My options premium collected.

January 2021 :   $64

February 2021 : $485 

2021 Options SPCE,AMC.

 Since last year I have slowly started writing covered calls  on some my stocks. This helped recover some of the capital on SPCE which was in big loss. Then This year I sold my first PUTS.

So Far they have worked out in my favor with me collecting just premiums.

So Far this year i have collected around $381 in options income.

For 2020 I collected $804 in options income .

Expired options -Covered calls SPCE,ASPS.

 Since I Acquired  100 shares of SPCE  in February of this year at $38.05 I started writing covered calls  to recover the capital and always write the call out of the money ,so that i wont lose the shares , now this yields low option price and I am ok with that.

So Far I wrote  16 covered calls either weekly or biweekly if the option price is low. 3 times I bought my call back so that I can write an expensive call this costed me total of $16. This way I recovered $654.

You can see my current call expires next Thursday .Only last week when SPCE rallied all the way to $35.73 ,that was only close one.

ASPS: This is another one i have been writing monthly calls ,as there is not much activity on weekly calls.

Now this one is interesting ,as my latest call is almost in the money and it seems to be certain to get called away .I am Ok with it being called away also. As my average share price is less than $10.Now if it doesn`t get called ,will be writing $15 Call as that seems to fetch more money.

Expired options -SPCE.

 Since I bought SPCE at $38 Have been writing  weekly/monthly covered calls to recover some  of the capital.

SPCE 05/29/2020 Call $30.00   $3

SPCE 06/12/2020 Call $35.00   $7

SPCE 06/26/2020 Call $35.00   $6

7/16  SPCE 07/17/2020 Call $34.00   $15

7/16 SPCE 07/17/2020 Call $34.00   -1 Bought the call back before expiration

7/22 SPCE 07/24/2020 Call $35.00  $28

7/22 SPCE 07/24/2020 Call $35.00  -14   Bought the call back before expiration

SPCE 07/31/2020 Call $35.00     $53

8/3 SPCE 08/14/2020 Call $33.00   $40

8/7  SPCE 08/14/2020 Call $33.00   -$1  Bought the call back before expiration

Overall I recovered  around $140 dollars  from the capital invested.

 

Expired Options -SPCE

Since i bought shares of SPCE at $38,i have been writing covered calls for the stock to recover some losses. So far  I have written 3 covered calls and all have expired.

SPCE $58 CALL SELL 2/28 this  netted me $340 as the option expired.

SPCE $43 CALL SELL 4/17 this netted me another $15.

SPCE$35 CALL SELL  5/8 this added  another $43 in premium .

All these calls helped me recover $398  and exactly another $1400 to recover either via stock price or options.

I will keep writing these covered  calls as long as they make sense.

These trades helped me understand options little better and i am looking at writing covered calls for some other positions in my account.

Stay Safe