Trades – INTC Put – Bought-to-Close

Over the last 10 days, Intel Corporation has seen some strong gains, gaining about $0.80, or just under 4%, during that time frame (including today). As a result, the January 18th, 2014 put I sold had dropped significantly in value affording me a too attractive opportunity to lock in some profits. I … [Read more...]

Trades – Purchased SWY Put, Sold INTC Put and Covered Call

Over the last couple of days, the market has seen a pull back, creating some extra volatility. In addition to that volatility, Safeway saw a big jump in share price with a very positive earnings announcement. Simultaneously, the markets continue to punish INTC, keeping their price just above 52-week … [Read more...]

Option Expiration and Assignment – INTC and CSCO

On Friday, February 16, 2013, two of my outstanding options hit their expiration date, with one expiring with no action, and the other being assigned. Intel Corporation (INTC) – Covered Call Intel Corporation closed on Friday at $21.12, and with a strike price of $22.00, my option expired. As I … [Read more...]

Brokerage Comparison – Basic Options Trading Costs

In my first options post I detailed the cost of my first options trade: a $9.71 fee for an INTC covered call with a total premium of $26, netting me a $16.29 premium. Wow! Just over 37% of my entire premium eaten by trading costs! Naturally, once realizing that I would be doing some more options … [Read more...]

Trades – Safeway Inc (SWY) Put

Safeway-Logo

The morning of February 11, 2013, I sold one put contract for Safeway, Inc. (SWY). As a dividend challenger, my expectation is that SWY will continue to maintain or increase their payout, and have the room to do so. Safeway currently has a payout ratio of less than 40%. With a quarterly dividend of … [Read more...]

Trades – Cisco Systems Inc (CSCO) Put

cisco-logo

Just before the end of close on Friday, February 8, 2013, I sold my first put, selling one contract for Cisco Systems, Inc. (CSCO). With all of my options trades, I only make them if I desire to own the underlying position, with CSCO being a company I desire to hold long-term. Without a long … [Read more...]

Trades – My First Option Contract – Intel Corporation (INTC) Covered Call

I will be the first to admit it; I am a rookie at options trading. No doubt about it! But learning is the name of the game. I have learned a tremendous amount by reading the options trading posts by All About Interest, Passive Income Pursuit, and Brick by Brick Investing. My foundation for investing … [Read more...]