Monday, January 7, 2013

1/7/2013 Weekly Options Trades

Going to start sharing the weekly options I'm doing as well.  I have set up all my dividend accounts with margin and use that margin money to try and drive weekly, passive income, without having to touch my dividend "base" stocks.  As you will see, these are still well known stocks, some have dividends, others do not.

 So this week so far, I've brought in $793 in passive income.

Results:  AA expired worthless, although capital dropped, will resell $9.50 calls or sell stock and move to a new position, cost basis is sub $8.50 from prior call expiration's on this one.

BAC - took a gamble on this 12.50 put, the stock dropped capital as well, I will be assigned stock at $12.11 on Monday. I will most likely sell $12 weekly calls and only take out the differnce of the premimium.  Ie if I can get .16 cents for the call, will only take out .05/share to get the costs basis down to $12 in case BAC raises to $12 by end of week and I'm forced to sell.

Ford puts expired worthless, so money in the bank.

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