Monday's trading report
HTZ closed on Friday, May 15, 2020 at $2.63 and I was assigned on my 18 PUT contracts. Today I placed an order to sell 18 CALL contracts of HTZ at a strike of $3.00 and a premium of $0.30 on the May 22, 2020 expiration. It was filled immediately when the market opened at $0.35. The opening price was $0.35. It had a range of $0.30 - $1.05. It had a last sold of $0.45. The stock closed today at $3.17.
LUV closed on Friday, May 15, 2020 at $23.86 and my 4 CALLs expired worthless. Today I placed an order to sell 4 CALLs of LUV at a strike of $27.50 and a premium of $0.30 on the May 22, 2020 expiration. I adjusted the premium to $0.25 and was filled immediately at $0.28 at 10:39:11AM Eastern. The opening price was $0.15. It had a range of $0.10 - $0.30. It had a last sold of $0.30. The stock closed today at $27.09.
PG closed on Friday, May 15, 2020 at $114.62 and my 3 CALLs expired worthless. Today I placed an order to sell 3 CALLs of PG at a strike price of $116 and a premium of $1.10 on the May 22, 2020 expiration and was filled immediately at $1.15 at 10:26:43AM Eastern. The opening price was $1.30. It had a range of $1.01 - $1.95. It had a last sold of $1.55. The stock closed today at $116.21.
I wasn’t able to enter my orders for LUV or PG until today because it took a long time for the expired CALLs to be cleared from my account.
I’m glad to see LUV and PG make a recovery today. It would be wonderful for them to finish the week just below my strike price.
If I get assigned on my LUV contracts at $27.50 I will end up returning most of the premiums I had collected. My cost basis was approximately $27.21 as of today. So, I would make $0.29 per share in the sale plus the $107.99 I collected in premiums today for a total profit of $223.99 on $12000 risked. That would be a lower return than I had hoped for over these weeks in trading LUV. However, given the fact that it had dropped significantly from where I bought it, I don’t think I would be making out too badly. I’ll just have to wait and see what happens this week.
I’m surprised to see how much HTZ rebounded. I do hope that it stays strong and I get assigned on the CALLs.
I give thanks to the Universe for the abundance it provides me. I surrender and am open and ready to receive.
Bhavatu sabba mangalam - May all beings be happy