$Delta Air Lines(DAL)$ DAL: sold my positions on DAL at $82 for a small profit after my covered call closed in the money at $87.2. Bought them at 81.71 on 21st Sept to sell covered call and had been able to sell for few rounds including the period when the stock was trading below holding price. Nevertheless was able to sell this final round slightly above cost as well as profiting for the multiple rounds of premium collection via covered calls selling. Overall profitable trade and partial hedge on oil movement trade. So when oil price came down this week, airline stock went up.
$United States Oil Fund LP(USO)$ USO: bought shares of USO to cover my net short positions at $160. In prior weeks, USO was trading at peak of $172.82 and my short call positions were assigned. There was holding net short shares ar $160. Determined that oil price would be lower within weeks, I held on to the positions and sold short put at same strike of $160 to capture more premium. USO closed $148.41, dropping after US midterms results favouring Democrats so the market was reacting to potentially Iran was deescalation. Though the potential upside gain was trimmed for this case, the outcome of the trade was intended and I get to cancelled out my net short positions and clear up some trading margins ready for next week.
$ADBE 20261120 275.0 CALL$ ADBE: take profit. The short call hit target profit of 70% max premium about 2 weeks ahead of expiry. It was originally setup as a short strangle. And I've already taken profit on the short put leg when ADBE went up on 22nd Oct, and now that ADBE is trading lower, the remaining short call also turned profitable.
$USO 20261106 150.0 CALL$ USO: take profit. Cooling down night yesterday after a large drop. Today continue to take profit on profitable trades and manage out those losing ones. Oil continue to fall on the potential derisking of Iran war. While that's still based on hopewith no concrete news, the fact that the US democrats control both house and senate meant the war would be harder to prolong. Didn't wait till expiry end on the day, since the price is still hovering around strike, so I've decided to derisk as well.
$SOFI 20261218 20.0 CALL$ SoFI: sold covered calls with strike $20. Stock is testing 200 SMA today and still rejected so far. Until it breaks out higher, the overall long term trend is still bearish although recent trading days are more bullish post earnings. Strike is 14% higher than current price so will observe how the stock trades and adjust accordingly
$USO 20261106 165.0 CALL$ USO: take profit. Oil is down sharp post mid term election. This short call turned much profitable from the oil weakness today so I'm taking the profit and pocket it. Still have multiple other open positions so I still have exposure and for the oil to continue to come down.
$VRT 20261127 270.0 CALL$ VRT: take profit. Stock trades lower on a bullish market today. The short call hit my target profit of 70% of max premium so I'll stay discipline and take profit. Stock itself is down 13% today post midterm election probably out of concerns on slowdown in data center build out as quite few newly elected Democrats run on tickets reining in data centers and its benefits to the communities it was build on. Until more info are being put up, I think the stock remains very challenging. Holding on to the stocks and live to trade another day.
$VRT 20261120 270.0 CALL$ VRT: take profit. Stock trades lower on a bullish market today. The short call hit my target profit of 70% of max premium so I'll stay discipline and take profit. Stock itself is down 13% today post midterm election probably out of concerns on slowdown in data center build out as quite few newly elected Democrats run on tickets reining in data centers and its benefits to the communities it was build on. Until more info are being put up, I think the stock remains very challenging. Holding on to the stocks and live to trade another day.
$VRT 20261113 270.0 CALL$ VRT: take profit. Stock trades lower on a bullish market today. The short call hit my target profit of 70% of max premium so I'll stay discipline and take profit. Stock itself is down 13% today post midterm election probably out of concerns on slowdown in data center build out as quite few newly elected Democrats run on tickets reining in data centers and its benefits to the communities it was build on. Until more info are being put up, I think the stock remains very challenging. Holding on to the stocks and live to trade another day.