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Puts And Calls J8 Week Update 2

Jan. 06, 2021 7:46 PM ET
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Another busy day! 

Close outs.

Several wins today:

FCEL closed at the profit-take for 2.77%

CVM 10s closed at the profit-take for 13.5%

CVM 7.5s closed at the profit-take for 2.84%

New positions.

For J15 options, we sold:

IDEX $2 puts for $0.14 (max profit 4.84%)

CBAT $5 puts (again!) for $0.39 (max profit 4.12%)

And we sold F19 CVM $5 puts for $0.47 (max profit 8.17%)

Note that these max profit figures are based on the profit-take GTC orders in place, which tries to capture 50% - 75% of the option premium.

Since Dec 7 when we started live reporting, we are 33 for 36 and up more than 9.7%. 

As always, the spreadsheet is here:

Covered calls

Happy trading!

Analyst's Disclosure: I am/we are long ALL THE STOCKS IN THE SPREADSHEET.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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