This week was all about staying active and opportunistic with covered calls, cash-secured puts, and closing profitable trades. We rolled positions for extra credit, entered fresh setups with great premium, and exited trades with strong annualized returns. Here’s how it played out:
📅 Jul 14 (Monday)
- ✅ Buy to Close 1 $MSTX Jul 18 $42 Put @ $40
Profit: $545 | Initial Outlay: $4500 | Return: 12% | Annualized: 90% - 🆕 Sell to Open 1 $MSTX Dec 19 $45 Put for $1330 Credit
Day Total Credit: $1,330
📅 Jul 15 (Tuesday)
- 🆕 Sell to Open 1 $RGTI Aug 15 $12 Put for $101 Credit
Day Total Credit: $101
📅 Jul 16 (Wednesday)
- ✅ Buy to Close $SMR Aug 15 $25 Call and Sold Shares
Profit: $330 | Outlay: $2500 | Absolute Return: 13.2% | Annualized: 33% - 🔄 Roll to 1 $SOXL Jul 25 $30 Covered Call for $35 Additional Credit
- 🆕 Sell to Open 1 $IONQ Jul 25 $45 Covered Call for $120 Credit
Day Total Credit: $155
📅 Jul 17 (Thursday)
- 🆕 Sell to Open 1 $BULL Aug 15 $12.5 Put for $108 Credit
- ✅ Buy to Close 1 $CORZ Jul 18 $15 Covered Call @ $3
- 🆕 Sell to Open 1 $CORZ Aug 1 $15 Covered Call for $40 Credit
Day Total Credit: $148
📅 Jul 18 (Friday)
- 🆕 Sell to Open 1 $GTLB Aug 15 $50 Covered Call for $78 Credit
- 🆕 Sell to Open 1 $OSCR Jul 25 $13 Put for $86 Credit
- 🆕 Sell to Open 1 $UPXI Aug 15 $7.5 Put for $150 Credit
- ✅ Buy to Close $RCAT Aug 15 $7 Put @ $10
Profit: $45 | Annualized: 992% - ✅ Buy to Close 1 $BULL Aug 15 $12.5 Put @ $45
Profit: $63 | Annualized: 799,600% 😅
Day Total Credit: $314
📊 Total Weekly Credit: $2,048
A healthy week with a solid mix of realized profits and fresh premium collected.
💡 Strategy Notes:
- Emphasis on rolling covered calls for additional credits.
- Locking in high annualized profits on short-duration trades.
- Taking profits early and deploying back into premium-rich setups.
🛑 Disclaimer:
This post is for informational purposes only and not financial advice. All trades mentioned are real but intended for educational discussion. Options trading involves risk and is not suitable for all investors.