The past few weeks have been active in the options market as I navigated opportunities across covered calls, puts, and speculative trades. Here’s a breakdown of my trades and strategies spanning November and early December 2024.
Options Trading Summary: November to Early December
| Date | Action | Details | Premium ($) | Notes |
|---|---|---|---|---|
| 11/7/2024 | Sell SMCI $21 Put (11/22) | Rolled from SMCI $20 Put (11/15) | 87 | Adjusted strike for higher premium. |
| 11/11/2024 | Sell VZ $41 Call (11/15) | Shares called away | 15 | Profited from covered call assignment. |
| 11/11/2024 | Sell T $23 Call (11/22) | Shares called away | 8 | Boosted income with this covered call. |
| 11/11/2024 | Sell HOOD $31.5 Put (11/22) | Rolled into HOOD $31.5 Put (12/6) | 63 | Leveraged volatility for additional gains. |
| 11/18/2024 | Sell HOOD $31.5 Put (12/6) | Rolled into HOOD $34 Put (12/13) | 71 | Targeted a higher strike for more premium. |
| 11/22/2024 | Sell HOOD $34 Put (12/13) | — | 97 | Benefiting from ongoing volatility. |
| 11/25/2024 | Bought GOOG $195 Call (12/27) | Speculative play | -30 | Aiming to capitalize on upside momentum. |
| 11/27/2024 | Sell VZ $42 Put (3/21/25) | Rolled from VZ $42 Put (1/17/25) | 80 | Captured premium while extending duration. |
| 12/2/2024 | Sell ACHR $6.5 Put (12/6) | Expired worthless | 40 | Collected full premium without assignment. |
| 12/3/2024 | Sell ACHR $6.5 Put (12/6) | Expired worthless | 35 | Repeated success with ACHR. |
| 12/3/2024 | Sell ACHR $7 Put (12/6) | Expired worthless | 40 | Another premium collected with no risk. |
| 12/3/2024 | Sell ACHR $7.5 Put (12/6) | Expired worthless | 45 | Maximized premiums in ACHR. |
| 11/25/2024 | Sell T $23 Call (12/27) | — | 40 | Stable income from T’s price stability. |
Total Premiums Earned (Nov–Dec 2024)
- November Premiums: $461
- December Premiums (so far): $200
- Net Premiums (after costs): $631
Key Takeaways
Profiting From Rolling:
Rolling positions like SMCI and HOOD puts enabled me to capture additional premiums while staying ahead of market movements.ACHR Success:
Selling puts on ACHR proved highly profitable, with all trades expiring worthless and no capital tied up in assignments.Balancing Speculation and Stability:
The speculative GOOG call adds a layer of risk, but stable income from covered calls on VZ and T balances the portfolio.
Goals Moving Forward
As December unfolds, I’m focusing on year-end opportunities to optimize premiums and manage risk for 2025. The objective is to continue leveraging volatility and executing strategic rolls while preserving capital for fresh opportunities.
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