Expired options -Covered calls SPCE,ASPS.

 Since I Acquired  100 shares of SPCE  in February of this year at $38.05 I started writing covered calls  to recover the capital and always write the call out of the money ,so that i wont lose the shares , now this yields low option price and I am ok with that.

So Far I wrote  16 covered calls either weekly or biweekly if the option price is low. 3 times I bought my call back so that I can write an expensive call this costed me total of $16. This way I recovered $654.

ou can see my current call expires next Thursday .Only last week when SPCE rallied all the way to $35.73 ,that was only close one.

ASPS: This is another one i have been writing monthly calls ,as there is not much activity on weekly calls.

Now this one is interesting ,as my latest call is almost in the money and it seems to be certain to get called away .I am Ok with it being called away also. As my average share price is less than $10.Now if it doesn`t get called ,will be writing $15 Call as that seems to fetch more money.

2 thoughts on “Expired options -Covered calls SPCE,ASPS.

  1. I like to roll my covered calls for as long as possible. I don’t mind buying back at the money or in the money calls at a loss as it generates a stand alone short term capital loss for tax purposes.

    This is the worksheet I have evolved over the last six months. Unfortunately it isn’t automated so it takes time to fill in on a daily basis for tracking. The charts help to visualize what is happening over time and helps me understand if what I am doing works.

    Sharing as I see how you are doing it now and thought you might find this interesting.

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    Like

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