April 22, 2022 Options Expiration Results

This week I was holding 4 covered calls and 1 cash-secured put position. All call positions were opened at the start of April.

Here is how these positions look now:

Another rough week for the stock market and for my covered calls holdings, by now we are losing -$973 on value, luckily premiums from options help to offset losses. At the end of the week, positions are down at -6.83%.

It doesn’t seem I will be able to recover losses this April, I wonder will I be able to recover them in May or June?!

Covered Call options

I was holding Bank of America, Virgin Galactic, Tlry, and Deutsche bank covered call options.

BAC: NYSE

For most of the week, BAC performed greatly but fell significantly on Friday.

Rolled to the next week, keeping the same strike price to get some small options premium

• SLD 1 BAC NYSE Apr29'22 40.5 CALL 0.08 USD

DB: NYSE

During the week DB stock, a little bit recovered and today I was able to roll up the call strikes for a decent premium

• SLD 2 DB NYSE Apr29'22 12.5 CALL 0.16 USD

I decided to wait for next Monday before making new call options on SPCE and TLRY stocks.

Weekly options premium so far

Options premium received this week: $41

As I’m trading on margin (borrowing funds from the broker) I haven’t reinvested these funds in an additional dividend stock, but instead, I’m planning to withdraw some 25% from the options premium at the end of the month.

So far in April, I’ve made $496.56 with $10,300 capital at risk. About 4.8% return (not counting in value loss)