Yesterday I decided to close my VZ covered call.
As you can see from the photo above (actually not the greatest quality) I was able to pick up $86.60 from the transaction.
Just for comparison purposes I will receive about a $75 quarterly dividend in August from Verizon. This option remained opened for about 2 months.
Total option premiums earned (closed transactions) so far in 2015 are $321.30. I am certainly pleased with the results so far especially since my first options trade was in April. Another $300 in premiums this year will offset the $600 dividend income loss from ESV. That would be a big win!!!
I also should note that I still have 3 open call options in BP, GM, and BBL. If I hold those to maturity I have the potential to earn an additional $250.00.
I guess I probably should work on an Options Page pretty soon.
DEFY MEDIOCRITY
An options page would be great. I definitely need some live examples of people using options to help hedge against risk or just provide some extra spending money.
ReplyDeleteAnonymous,
DeleteI am on it. It should go up early next week.
MDP
As a regular visitor to your blog that'll be an awesome addition - THANK YOU!!
Delete