Each position has it’s label for the contracts strike price. I track the price along the way, as well as changes in delta ▲ and theta Θ so I can constantly learn from the price action of what I am trading. For the most part the moves in the theta are slow and almost non existent until the last 2 days where it jumps a bit, and we capture the last bit of profit from the options.  Here’s a quick summary for each block that was planned for back in September, and how it worked out here almost 4 weeks later.

$80C x5 – I decided to close this block of short calls on October 10th after that drop, because with that sudden drop, the price on these calls became so cheap I could close it for $0.05 per contract. After commissions, and costs, this group ended with a gain of $187. 

$79C x4 – Mondays bounce back was so powerful at first, that I sold another set of calls just as insurance to help out the $79×4 Short Put package that was actually under water, and in the red pretty bad at the moment.  This little bounce only generated $31 in the end, but we could look at that as if it was a move that paid the commissions on this round of trading.

$79P x4 – This package had a 52.6% chance of ending up ITM, and here it is, about 80cents short of hitting it’s target. I decided it would be ok to buy these shares through “assignment” so this contract on it’s own ends up being a “win” and I end up with 400 shares at $79 each. Since the put contracts were sold at $1.38 each, the net cost of the shares is really only $77.62. Read the post on taking assignment to fully understand how that detour looks to work out. Premium captured: $549.

$77C x8 – This one would have expired worthless, but I have to admit, after what happened last Friday, I didn’t want to take a chance with this one. In the morning, it was still only at $77.45, and a small drop would have meant also being assigned 8 of these. I put an order in for $0.05 and just waited on it until I heard the chimes, and I ended up paying $40.09 to close the contracts to seal the deal into a “Sure thing.” Net profit ended up being $467 or 92.1% of the original premium. 

$76C x8 – As this one was a little further away, I decided to just let it drift off into nothing. As long as the price would stay above $76, there was no risk in my mind that I would be assigned on these contracts. Net gain: $331. This is the lowest gain of all three Put Packages. The reason is, it was also the lowest risk. With lower risk, lower reward. The opposite is also true, but with higher risks, the reward is not always a sure thing.

The last part of the graphic that says “Tracking Totals” is a little thing I do on some of my positions where I put down the DTE, and how much the gains are at that point in time. Sometimes they can go backwards, as we see here happen between 9 and 3 days til expiry. In the end, the total premiums won were a tiny bit more than the initial amounts. This is only because I recycled a second round of short calls, and picked up a tiny bit of extra money on that move.