January Trades

Options Expiration:

• BAC Assigned at Strike 5.00
• Initially bought 2 contracts of BAC at 5.07 for $1018.95 (after commissions) with 194.19 on margin.
• Subsequent sales of Covered Calls on ATPG and BAC covered the margin so I didn't actually end up paying any interest.
• Wrote a Covered Call at 0.36 during market low, for net $60.04.
• Assigned at Strike 5.00, so payout was $1000, less 0.02 SEC fees, = $999.98.
• Net: 999.98 + 60.04 - 1018.95 = $41.07.
• ATPG Covered Call expired worthless at just under the Strike price of 7.50 (stock closed at 7.48).
• Profit from Covered Call was $146.04.
• Net profit for Dec-19 to Jan-21: 41.07 + 146.04 = $187.11. Capital committed was $5126.75. ROI 3.65%.

Trades:

• Queued an Expiry Feb-18 Covered Call on 6 contracts of ATPG at Strike 7.00, at Limit 0.81 GTC.
• Capital committed is $4302 (original purchase price plus commission).
• Anticipated ROI 8.56% (assuming I get assigned).
• Queued a Buy of 3 contracts of UNG at 5.00.
• Will write a Covered Call at Strike 5.00 with Limit 0.20 if I get this order filled.
• ROI for the week would be 3.06% on Assignment.

Gut Check:

• Still annoyed that I left so much money on the table with BAC, but I'm trying to focus on not being so much a speculator, and definitely not thinking about spilt milk.
• Looks like ATPG may have levelled out for now. In any case, I'm going to look at stocks with Weeklys, since all I need is 1% per week to do well here.
• Cash of just over $1000 (plus after-fees $474.04 from the ATPG Covered Call, if it gets filled) means just under $1500. Not much to trade with, so BAC at over $7 might be out. Looking at UNG, which looks promising at just over $5.
• For the UNG, I'll have to watch it closely to see if the order gets filled. I'm hoping it'll be filled by end of Monday. If there's no action by Tuesday, I may have to cancel the order and do something less ambitious, targeting a mere 1% for this week.