{"id":1694,"date":"2020-08-11T17:34:21","date_gmt":"2020-08-11T17:34:21","guid":{"rendered":"https:\/\/tradejolt.com\/wordpress\/?p=1694"},"modified":"2020-08-11T17:54:25","modified_gmt":"2020-08-11T17:54:25","slug":"spy-summary-of-rolls-from-06-11-august","status":"publish","type":"post","link":"https:\/\/tradejolt.com\/wordpress\/spy-summary-of-rolls-from-06-11-august\/","title":{"rendered":"SPY – Summary of Rolls from 06 -11 August"},"content":{"rendered":"

The last few days have been a maelstrom of activity for me, recording new videos for the channel TradeJolt<\/a> on Youtube, adding new credit card processing functionality to this website, and preparing the launch of a new blog dedicated to cryptocurrency finance, decryptofied.com<\/a>. <\/p>\n

We're also busy working away at an exciting new functionality to this site, which will add a marketplace for option deals between buyers and sellers of trade ideas. The idea is to allow publishers to post their best ideas, and to reveal enough about the idea for other viewers to wish to pay a small fee to reveal all the intricacies of the trade. We'll be adding rating functionality, and feedback. We think it will be a very powerful and popular feature.Expert option traders will have a new means of remunerating their research, while viewers of this site will have more of an opportunity to benefit from great trades. <\/p>\n

So pardon the lack of detail as to the rationale for the following trades. Overall the strategy continues to increase in profits over time. Our earnings per share from selling options have grown this week from an accummulated total of $6.63 per share to $8.01 per share.<\/p>\n

\"\"<\/a><\/p>\n

By the way, today on August 11, we were assigned on our 335 in the money calls. As my readers know, I like to try to avoid assignment,
\nas it can temporarily add to the overall margin requirement of a position, until the position can be closed out. Other than that impact,
\nit is not something to be concerned about, as we are covered by our outer LEAP options hedges. <\/p>\n

A list of the trades made on each day follows beneath the graph of SPY's movements.<\/p>\n

\"\"<\/a><\/p>\n

SPY has continued to march higher.
\naug 6
\nbought back 332 call for $2.04 sold for $1.78 loss of $0.26
\nbought back 330 put for $0.41 sold for #1.09 gain of $0.68
\nnet gain $0.42 \/share<\/p>\n

sold a 333 call for $1.41 exp aug 7
\nsold a 333 put for $1.13 exp aug 7
\ncash flow -$2.45 + $2.64 = $0.19 <\/p>\n

size: 16 contracts
\nbasis $48,535 or $28.56 \/ share
\ncash flow $13,219 or $8.26 \/ share
\np&l $10,613 or $6.63 \/share<\/p>\n

aug 7
\nbought back 333 put\/calls expiring tomorrow
\nbought back 333 put for $0.64 cent sold at $1.14 for gain of $0.59
\nbought back 333 call for $0.41 sold at $1.09 gain $0.68
\nadjustment made
\nbought new 333 put expiring aug 7 for $0.66
\nsold same 333 put exp aug 7 for $1.13 gain of $0.47 <\/p>\n

sold 334 aug 10 put for $1.37
\nsold 334 aug 10 call for $1.44
\ncash flow -$0.64 - $0.41 - $0.66 + 1.13 + $1.37 + 1.44 = $2.23 \/ share<\/p>\n

size: 16 contracts
\nbasis $48,535 or $28.56 \/ share
\ncash flow $14,780 or $9.23 \/ share
\np&l $13,397 or $8.37 \/share<\/p>\n

aug 10
\nbought back 334 aug 10 calls at $1.47 sold for $1.37 for $0.10 loss
\nbought back 334 aug 10 put at $0.23 sold for $1.44 for $1.20 gain
\nsold 335 call \/ put for 0.48 put 0.74 call <\/p>\n

335 aug 10 calls sold for $0.73
\n335 aug 10 puts sold for $0.48
\nttl $1.21
\ncash flow 1.70 - 1.21 = 0.49 cents x 16 contracts<\/p>\n

size: 16 contracts
\nbasis $48,535 or $28.56 \/ share
\ncash flow $15,564 or $9.72 \/ share
\np&l $15,117 or $9.44 \/share<\/p>\n

aug 11<\/p>\n

assigned at 335
\nbought back at $336.93 on 1000 shares and 336.50 on 600 shares
\nloss of $1.93 and 1.50 respectively
\nloss overall:
\n 10 x 100 x 1.50 = ($1,500)
\n + 4 x 100 x 1.93 = ($ 772)
\n + commissions = ($ 10)
\ntotal =($2282) or $1.43 per share<\/p>\n

sold new 337 aug 12 calls and puts for 1.55 put+ 0.96 call or credit of 2.51
\ncash flow gain of 1.08 \/share<\/p>\n

size: 16 contracts
\nbasis $48,535 or $28.56 \/ share
\ncash flow $17,292 or $10.80 \/ share
\np&l $12,829 or $8.01 \/share<\/p>\n","protected":false},"excerpt":{"rendered":"

The last few days have been a maelstrom of activity for me, recording new videos for the channel TradeJolt on Youtube, adding new credit card processing functionality to this website, and preparing the launch of a new blog dedicated to cryptocurrency finance, decryptofied.com. We’re also busy working away at an exciting new functionality to this […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1694","post","type-post","status-publish","format-standard","hentry","category-trades"],"_links":{"self":[{"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/posts\/1694","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/comments?post=1694"}],"version-history":[{"count":3,"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/posts\/1694\/revisions"}],"predecessor-version":[{"id":1699,"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/posts\/1694\/revisions\/1699"}],"wp:attachment":[{"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/media?parent=1694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/categories?post=1694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/tags?post=1694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}