Options Income July 2019

Updated: 21 August, 2019 seen 46

Welcome to the fifth (#5) options income report - covering earnings I've made from options trading (naked puts and covered calls) in the month of July 2019

Options are the latest investment strategy in my portfolio - in short, I'm looking to use option trading to generate additional income from stocks I already have (covered calls) or would love to have (naked puts) in my portfolio. I mostly trade against dividend stocks only (at least for now).

I learn as I go, anything written here should be taken with a grain of salt, I'm no expert or certified financial advisor. Investments in stocks, options, funds, bonds or crypto are risk investments and you could lose some or all of your money. Do your due diligence before investing in any kind of asset. 

In July 2019 I made 12 naked puts and 3 covered calls. 

I was trading with CDR, ET, PNNT, PEI, FTR, XIN and AMD. From now on I can tell that CDR and FTR were probably my dumbest trades last month (will be troubled in the future)

# Stock Symbol Open Date Exp Date Call or Put Strike Price Premium Fees Exit Price Close Date Monthly Days Held Status
32 CDR 7/1/19 10/18/19 put 2.5 0.15 4.8     25.2 109 Open
33 ET 7/1/19 8/2/19 put 14.5 0.61 4.8 0.15 7/29/19 41.2 28 Closed
34 PNNT 7/2/19 12/20/19 put 7.5 1.4 2.4     137.6 171 Open
35 PEI 7/5/19 1/17/20 put 5 0.4 2.4     37.6 196 Open
36 FTR 7/5/19 1/17/20 put 1 0.2 2.4     17.6 196 Open
37 ET 7/8/19 8/16/19 put 14 0.33 4.8 0.8 8/5/19 30.6 28 Roll Forward
38 ET 7/8/19 8/9/19 put 14 0.3 4.8 0.74 8/5/19 27.6 28 Roll Forward
39 ET 7/10/19 8/23/19 put 14 0.28 4.8 0.54 8/12/19 25.6 33 Roll Forward
40 ET 7/11/19 8/30/19 put 14 0.29 2.4     26.6 50 open
41 ET 7/16/19 1/17/20 put 13 0.56 2.4     53.6 185 open
42 PEI 7/19/19 1/17/20 call 7 0.25 2.4     22.6 182 open
43 XIN 7/19/19 1/17/20 call 5 0.15 2.4     12.6 182 open
44 PEI 7/22/19 8/16/19 call 6 0.25 4.8 0.2 8/5/19 22.6 14 Closed
45 ET 7/29/19 9/6/19 put 14 0.35 2.4     32.6 39 open
46 AMD 7/29/19 8/2/19 put 29 0.24 2.4 0.08 7/31/19 13.6 2 Closed
  Total           50.4     527.2    

In last July, in premiums, I've collected $527.2 (after commissions), which gives a nice 1.58% monthly boost to the total portfolio.

As you can see from the table above, last month I've paid in commissions pretty hefty $50.4

Also, so far in 2019, I have collected in a total  $1,599.00 which translates already as 4.78% income from options this year. Looks great.

  January February March April May June July August September October November December Total
2019 - - $109.20 $214.00 $339.80 $408.80 $527.20           $1,599.00

I enjoy selling covered calls more than naked puts. $469.4 were made from naked puts and $57.8 from covered calls. Statistically speaking these numbers equals to:

  • 89.03% from naked puts
  • 10.96% from covered calls

Goals for July 2020 Options Income

When trying to set goals for options income it's much harder and unpredictable than trying to forecast dividend income.

Anyhow I will try - my goal for July 2020 options income is to increase it by 50% what I made this year - $790.8 or more I'm looking now.