Week37:Sept11 Option Trades
- Today trades as of 11 am.
- ROKU Put credit spread explained
- RIOT Covered covered explained
- This week's dividends.
Today Trades as of 11 a.m. (EST)
As of 11 am (EST) I only did two trades. Here is what the transactions look like:
ROKU Put credit spread explained
Roku stock is moving up this morning.
Because of that, the PUT credit spread expiring on Friday (Sept 15) is moving closer to zero value. I wanted to add risk to the trade by rolling the $76 strike price to $79. That means I still have over $8 downside protection in the option.
RIOT Covered covered explained
RIOT Blockchain is moving 5% in the wrong direction (RED). Therefore, my covered call on Friday will mostly be a winner. I added risk to the trade by lowering the strike price from $13 to $12.
Making $20 so far today does not sound like much. But if you can repeat it every day this week, that will be $100. I aim to make a small profit on each trade and make up for the LOW RISK using a bigger volume.
This week's dividends.
This week's dividend is only $72. It's not a lot, but it is passive, and the amount goes into my account. Because I have a reinvestment option toggled on, it will automatically purchase more SHARE of STOCK of the underlying security.
The rest of what I do is sit and wait. I am waiting for:
- Time Decay (in my options trading).
- Paychecks from work --> so I can buy more assets/investments.
- Dividends to be paid each quarter.
Have a profitable day!