8.16.23. CSCO beat on earnings and revenues. But disappointing guidance initially sent CSCO down 3%. At the moment it's $52.76, down $0.39, or 0.73%. I'm glad I bought the calls back and took my profit on CSCO. I'll wait a couple of days to decide what to do with the stock.
8.16.23. XOM $108.16. XOM 8.16.23 $111 calls weren't called. So I got the $0.91 / share dividend. Ex-Dividend 8.15.23. This the second XOM $0.91/share dividend I've collected. XOM 8.25.23 $109 puts might be assigned. I bought XOM for $109 and sold for $1.10 a share, which is higher than the dividend I would have received if I had bought XOM at around $111.50 last week. After collecting covered calls options premiums and dividends, my net debit is $104.92.
8.14.23. QQQ puts were assigned Friday at $368. Subtract the $1.05 per share puts premium, which put the net debit at $366.95. With QQQ at $368.75, I sold QQQ 8.18.23 (7 days because I do this trade only once a week) $370 strike covered calls for $2.90 per share. That reduces the net debit to $364.05. Return is 0.79%, or times 52 trades a year, the annualized RoR would be about 41%. The potential gain of 0.54% if QQQ is called would product an annualized gain of about 20% if the same trade could be done 52 times a year.
8.16.23. CSCO beat on earnings and revenues. But disappointing guidance initially sent CSCO down 3%. At the moment it's $52.76, down $0.39, or 0.73%. I'm glad I bought the calls back and took my profit on CSCO. I'll wait a couple of days to decide what to do with the stock.
8.16.23. XOM $108.16. XOM 8.16.23 $111 calls weren't called. So I got the $0.91 / share dividend. Ex-Dividend 8.15.23. This the second XOM $0.91/share dividend I've collected. XOM 8.25.23 $109 puts might be assigned. I bought XOM for $109 and sold for $1.10 a share, which is higher than the dividend I would have received if I had bought XOM at around $111.50 last week. After collecting covered calls options premiums and dividends, my net debit is $104.92.
8.14.23. QQQ puts were assigned Friday at $368. Subtract the $1.05 per share puts premium, which put the net debit at $366.95. With QQQ at $368.75, I sold QQQ 8.18.23 (7 days because I do this trade only once a week) $370 strike covered calls for $2.90 per share. That reduces the net debit to $364.05. Return is 0.79%, or times 52 trades a year, the annualized RoR would be about 41%. The potential gain of 0.54% if QQQ is called would product an annualized gain of about 20% if the same trade could be done 52 times a year.