I am going to run through everything as quick as I can today, it was another long first part of the week, I spent almost 60 hours in the truck so far and I am exhausted. I need to get some sleep before I head back out tonight so let’s get it started.
First up the Taxable, HPQ was assigned giving me a total profit of $89.00 (3.56%), $35 from options and $54.00 from growth. This week I sold a $21 Put for EPD for $18 bringing my monthly options income up to $32 which is even with January’s numbers. I ended up not adding any money to the account last week because the toyota needs tires and the final payment for our vacation rental is coming up and I was just going to pull the money from savings anyway. The real issue is EPD is currently below $21, which isn’t a problem in the taxable, but is a headache over in the Options IRA.
Jumping into that, Schwab for all their rules, let me overstretch myself. I didn’t have quite enough balance to fund a $21 put on EPD but they let me do it anyway so now I need to roll that to some point in the future. Its not Schwabs fault, its nice to know they will give me enough rope to hang myself. Anyway, XOM was assigned. I ended up with a profit of $106.70 (2.32%) all of that was from options because the original put was for $46 and the call that was assigned was for $46. T was rolled again with a $29 dollar call for $19.35. That EPD put i was talking about added $16.35 IBM was looking really close and I kept checking in on it and thats not how I want to be with my trading so I ended up rolling it way out to 4/16. Being that far out I was able to sell a $130 call and make around $185.70 after fees and what it cost me to close the other trade. I added that onto last weeks options income on my spreadsheet just to keep things simple in my records, it’s hard to update you guys since it happened after my post came out. I am also testing out a new strategy of sorts, I did a Buy/Write on KR specifically because their ex-dividend date is this week. I’m not sure if this is going to be worthwhile or a big headache. 100 shares of KR at $32.20 a share, $33.50 Call for $26.35.Altogether options brought in $62.05 (not counting IBM) and I’m currently sitting at $323.15 this month, up from $209.17 from this time in January.
Rounding things out is the Rollover IRA. I did a Buy/Write on ADM but it may have been for nothing because I think the ex-dividend date was Monday and I don’t think you get credit unless you buy before the ex-dividend….oh well. 100 shares at $53.54 a share followed by a Call at $54 that sold for $30.35. I also rolled IBM to a $124 call, moving up a bit, for $42.35. $72.70 so far this month, still lagging January’s $209.40.
One last thing, I am a few hundred dollars off of my January highs in the IRAs. I went down $1600 when IBM dropped and I thought it was going to be like 2 months to get back to that and its been something like 2½ weeks. So I am super pumped about that. It’s been a wild ride so far and things are just getting started.
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