I only had 2 trades come to an end this expiration day. I sold a 20 contract Call on 2000 shares of Advanced Micro Devices (AMD) I’ve been holding and I did a 10 contract Covered Call with Micron (MU).
I’ve had my 2000 shares of AMD since 6/26/17. Lately I’ve been selling Calls to bring is some premiums to cover margin expense and to just bring in some cash in the case I get out of this position at a lose. This week I lucked out as I did last week by not getting assigned. It gives me another week to sell an additional Call and keep the money coming in. I didn’t think I would get assigned this week so I already sold a Call expiring next week. Here’s the trade from this week.
3/2/18 – Sell to Open 20 AMD 3/9/18 $12.00 C @ 22¢ (+$440)
3/9/18 – Expired 20 AMD 3/9/18 $12.00 C
Profit +$440
With MU I bought 1000 shares and sold a 10 contract Call. The stock went above my Strike Price and I was assigned. I keep my $500 premium and I made 25¢ on the stock sale for an additional $250.
3/5/18 – Buy 1000 Shares MU @ $52.25
3/9/18 – Assigned 1000 Shares MU @ $52.50
Profit +$250
3/5/18 – Sell to Open 10 MU 3/9/18 $52.50 C @ 50¢ (+$500)
3/9/18 – Expired 10 MU 3/9/18 $52.50 C
Profit +$500
Not a huge week but I did lock in $1190 while I’m waiting for RH to go back up. With RH below where I bought in, it’s locking up a lot of my margin to get my desired amount of trades in. Let’s see what this week brings.
Total Weekly Gain +$1190
Steve
The Options Coach