Options Trading: A Recap of My Recent Trades T,SOUN,HOOD

 Let's break down the options  trades for this week.

$T $23 Call (12/27)

I sold a call option for $T with a strike price of $23, expiring on 12/27. Although I got assigned, it was a calculated move. The share price was at $22.86, and I still managed to pocket a premium of $40. This trade highlighted the importance of being prepared for assignment and the value of collecting premiums along the way.I wanted to own ATT shares before the exdividend date.

$SOUN $17.5 Put (12/27)

I sold a put option for $SOUN with a strike price of $17.5, also expiring on 12/27. The best part? It expired worthless. This meant I didn't have to buy the shares, and I kept the entire premium of $45. This trade reaffirmed the potential of selling put options in a bullish market.

$SOUN $18.5 Put (12/27)

Similarly, I sold another put option for $SOUN with a strike price of $18.5, expiring on 12/27. Once again, it expired worthless, allowing me to keep the premium of $68. Consistency is key in options trading, and this trade was a testament to that.

$HOOD $36 Put (12/27)

The last trade in this series was a put option for $HOOD with a strike price of $36, expiring on 12/27. It expired worthless too, and I kept the premium of $46. This trade reinforced the strategy of selling puts when the market sentiment aligns.

Conclusion

These trades demonstrated the potential benefits of selling options and highlighted the importance of timing and market sentiment. By carefully selecting strike prices and expiration dates, I managed to earn premiums and minimize risk. As with any trading strategy, it's crucial to stay informed and adapt to market conditions.

Happy trading!

Options Trading Recap: November to Early December 2024

 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.

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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.

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Total Premiums Earned (Nov–Dec 2024)

• November Premiums: $461
• December Premiums (so far): $200
• Net Premiums (after costs): $631

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Key Takeaways

1. Profiting From Rolling:
   Rolling positions like SMCI and HOOD puts enabled me to capture additional premiums while staying ahead of market movements.

2. ACHR Success:
   Selling puts on ACHR proved highly profitable, with all trades expiring worthless and no capital tied up in assignments.

3. 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.

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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.

Capturing Premiums with a Rolling Options Strategy: A Deep Dive into October-November 2024 Trades

 In October and November 2024, I implemented a rolling options strategy to maximize my income through premium collection while managing potential risks. Below, I’ll walk through each trade, including the rationale behind rolling, capturing premium, and other key insights from this options strategy.

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Trade Summary

Throughout these two months, I executed a series of call and put options on several stocks, notably SMCI, VZ, T, and HOOD. My approach focused on selling options to collect premiums, rolling contracts to adjust risk and capture additional premium, and letting some contracts expire worthless to secure gains. Here’s a detailed breakdown of each trade.

1. SMCI PUT Options: Active Rolling Strategy

The SMCI options played a significant role in this strategy, with a continuous series of puts rolled to optimize outcomes. Here’s a closer look:

• 10/10/2024: Started by selling an SMCI $40 PUT, expiring on 10/25, for a premium of $81. Rolled to a $40.5 PUT expiring 11/1 for more strategic positioning.
• 10/11/2024: Sold SMCI $40.5 PUT (11/1) for $55, then rolled it to a $44 PUT expiring 11/8 for added premium.
• 10/14/2024 - 10/16/2024: Continued with a series of SMCI PUT rolls, ultimately landing at a $46 PUT with expiration extended to 11/29, capturing additional premiums along the way.

Outcome: This series of SMCI PUTs exemplifies the benefits of rolling—capturing incremental premium, extending time frames, and increasing the strike price to align with my market outlook.

2. T and VZ CALL Options: Capitalizing on Premium from Expiration

• T $23 CALL (10/25, 11/8 Expiries): Both of these options expired worthless, allowing me to keep the entire premium.
• VZ Calls: The $46 CALL (10/25) and $42.5 CALL (11/8) also expired worthless, again yielding full premium capture.

Outcome: The T and VZ calls were well-positioned above current market levels, giving a low probability of assignment and allowing me to retain all premiums without needing to roll or close out early.

3. HOOD PUT Options: Selling for Steady Premiums

• 10/29/2024: Sold a HOOD $25 PUT expiring 11/28 for $65, which eventually expired worthless.
• 11/11/2024: Sold a HOOD $31.5 PUT expiring 11/22 for $63. This position was part of a straightforward premium collection strategy.

Outcome: The HOOD PUT options provided consistent premium income without needing to roll. These contracts were placed with comfortable strike prices, leading to expiration without any additional management required.

4. VZ $41 and T $23 CALLS (Expiring 11/15 and 11/22)

• 11/11/2024: Sold a VZ $41 CALL (11/15) for $15 and a T $23 CALL (11/22) for $8, both designed for potential premium capture with minimal risk of being called away.

Outcome: These were smaller plays in the larger strategy, offering steady premium income with low assignment risk.

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Key Takeaways from My October-November Options Strategy

1. Rolling as a Premium-Enhancement Tool: Rolling allowed me to maximize income from the SMCI PUT options. By adjusting strike prices and expiration dates, I could manage risk while enhancing premium collection.

2. Capitalizing on Expiring Options: A significant portion of these options expired worthless, which is ideal in an options-selling strategy. The T, VZ, and HOOD options were positioned carefully to expire out-of-the-money, enabling me to keep 100% of the premium.

3. Managing Risk with Strategic Strike Adjustments: With some positions, I gradually increased the strike price, especially with SMCI. This maneuver allowed me to remain in the trade for longer, capture more premium, and maintain a favorable risk profile.

4. Consistent Premium Income: This strategy generated consistent cash flow, contributing to the overall growth of my portfolio. The cumulative premiums from these options reinforced the value of a disciplined selling and rolling strategy.

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Final Thoughts

The October-November period demonstrated how a structured options-selling strategy can yield steady returns, even with volatile underlying assets. By strategically rolling SMCI PUTs and allowing other options to expire worthless, I maximized my income and managed downside risks effectively.

If you’re exploring options selling, consider incorporating rolling and expiring strategies like these to capture premiums consistently. Remember, always assess the risk tolerance, monitor market movements, and adjust positions as necessary to optimize your portfolio.