hey everybody dave here hidden freeman investing
in today's video we're going to go over
options income for the month
of august um august is over it's in the
books today is september 1st
so we're going to go over my cast
secured puts and we're going to go over
my covered called income for the month
of august so let's go ahead and get
started
all right so let's go ahead and get doug
in here um we're going to go down here
to cc
because that is for stands for cover
call and this
is my tracker for cover calls obviously
um if you saw the video from last month
um some of these were already in here
and you know this is just a continuation
of the spreadsheet
so we're not going to go over all the
ones from a couple of months ago
we will talk about this one in the red
here we will talk about the lag here as
well
but this is really the update for the
month of
august if you want to look at any of the
other update videos
i did one other covered call and cash
secure put
video but i also have a lot of other um
you know optioned income videos and you
can look at that playlist up here if you
want to take a look at that playlist so
let's go ahead and get
started here uh verizon let's just start
with the verizon even though that's not
for august although it did end in august
um the reason that's red there red there
is because i have a conditional and it's
look you know whether it gets up with
within two percent of the strike price
it will go ahead and turn red on me just
to let me know that it's getting close
to being in the money
and that one i held for 29 days dte
and it did expire um out you know out of
the money so we're good there
um but i just you know wanted to let you
know that that's the reason why it's red
so uh and then leg here um that's
probably the longest one i've opened up
that's a 57 dte
all right days for expiration it's got
17
days left on it and it's within you know
5.7 percent of being in the money now
when i open that
up stock price when covered called open
is 35
uh dollars and the seven cents so it's
come up quite a bit since then
and current price is 42.43
and we also have a strike price of 45.
so 5.7 percent left now if you look at
the chart for
you know leg it's come up quite a bit i
don't know if it's gonna end up being
the money it's got you know two and a
half weeks left on it um you know kind
of monitor it
and see where that one goes we do have a
bunch of other ones here that opened in
august
uh right here and then a lot of these
ones
down here you know i opened in august
but they expire
in september so we're not going to close
those ones
and you know we got some microsoft's in
there
which is relatively new like i said i
did an update video where i just
bought the hundred shares of microsoft
um just to get myself into the covered
calls and there's a hundred shares there
um so far it's been a pretty good money
maker so
um what do we make here see 13 cents
10 or 11 cents and then we got another
one there for 80 cents and that one was
amazing so
we'll kind of talk about that one here
in a second even though that's really
for
uh the next month but coca-cola we got
one in pfizer we got one realty income
which is
in the tax deferred account that's why
it says tax deferred over here
and you know cisco has dropped too far
to do any new ones on cisco right now
these ones have 17 days left vym has
come
somewhat new which you're going to see
in the update video come this weekend
i'll kind of talk about that
and the strategy going forward um right
now we do have one open on coca-cola as
well microsoft and apple and apple
obviously um just split so
i know luckily this split gave me about
96 shares
on monday and then i basically just
added
you know four more shares to get to the
hundred and immediately turned around
and sold a covered call on it
now i'm up 120 on that so i was looking
at a chart i'm like all right
what's a good number you know i think is
safe right
and i chose the 260 strike now granted
you know
apple has been on fire ever since the
darn split so
it had a humongous update today now i
mean if we go look here
and let's see it had a 3.98
update today which is five bucks so
we're getting close
and you know it's basically uh
let me get back to the covered calls
here and you know five percent for being
in the money
um so microsoft is within 12.5 percent
of being in the money
but it's only got three days left on it
so i'm not really worried about that
um you know it's got what wednesday
thursday friday left by time you see
this video it will be wednesday already
because i'm recording this on a tuesday
so i will monitor that one
i really think that we're going to be
safe there at a 260 strike price and
even if it takes my stock at 260
you know i mean that's going to be a
humongous profit for me
we're already sitting at a 7 600 profit
so add another 12
on top of that and that's you know how
much my uh
how much i'm gonna be taking it if you
want to join the fed again go ahead and
like and subscribe and hit that bell
notification
um before i'm moving on the covered
calls here you know the income here from
you know this starts at day one
so that was all the way back to uh two
months ago
and that's 589 dollars i've collected so
far but we'll tally up the actual
results for august itself
um i just kind of threw an average in
here just to get an average of how long
i typically hold these covered calls for
and that's about 17.7 days
now obviously this leg up here kind of
threw off the average a little bit
but annualized rate of return is about
seven
percent on average um that's pretty darn
good
so let's go ahead and move on real quick
here to
the cast secured puts which is in a
different account this is my schwab
account
that's just all covered calls my
dividend portfolio which you know it's
all these eventual stocks that are in
here
um but the covered calls uh is a
different strategy than what i do in my
cast secured put account here
which i talked about in the last video
um
i was mostly hanging around the tesla's
there um with
really safe strikes you know the 950s
the thousands 8.95 the 900s
and then it kind of when it ran up after
the stock split news it got really
tough to make any money on the premiums
obviously you know you can see that the
premium has dropped
from earlier when i first started doing
the tesla's you know that's because
the stock just ran up so much i was
afraid to
go to the higher strike price because i
felt like it ran up and it could just
pull back
so i was still safe from the strikes but
i even moved it up to you know the 1350
and the 1250s to get a little bit of
money out of it
but still even moving it up to the 1350s
i only got 57 cents and 70 cents out of
it
which is quite a bit of a you know a
discount
compared to what i was getting up here
um but you know i mean it's still free
money in the way i look at it
um so it's getting kind of hard and i
didn't want to mess around with the
split date and all that so i
for that one week there which i believe
was last week i just opened five
contracts
on microsoft because that one didn't
split got 18 cents times five out of it
made 42 bucks on it closed it early
and bought it back at 8 cents this is
exit price here
most of them are not zero and the reason
why is because if i'm up about 50
percent
i usually will close it early that's
just a rule that i follow
doesn't you know that's just there's no
standard rule out there but that's a
rule i fall if i'm casting your put i'm
up about 50
on it i will close it early
so most of these you can tell that i did
close early the only one i didn't close
early was that tesla there that probably
just ran up and it was so far away from
being in the money that i just let it
close it was only a seven day hold
anyway
most of these you can tell i closed you
know and i actually didn't put average
here but
you know i'm not holding these very long
and i'm getting you know 50
plus out of them i mean 98 there because
obviously i let that one expire
and i didn't have to buy it back
so i did close that one on microsoft um
only held it for three days no that's
not correct i need to probably fix that
freaking
that formula but um it was a 42 dollars
gained
and then i turned around and sold uh
told to open two more teslas and this is
after the split
and this was actually uh today which is
september
uh first and you know it was supposed to
be a three-day hold but i literally
closed this five hours after opening it
for some reason tesla today had a down
day it was down like three percent today
but i was able to sell uh to open
you know the 325 in the 350s and
make 55 cents and a dollar 12
obviously that's you know 112 and 55
bucks
um and i was able to close those uh
five hours after openim for a pretty
substantial gain you know seventy
percent
seventy seven percent gain a seventy two
percent gain uh
for an eighty seven dollar gain and a
forty dollar gain so that was very odd
that for some reason there was just a
lot of premium
in tesla today and even though the stock
was going technically against me
right and it was coming down um for some
reason
you know they just bled off and they
took the premium out which means i could
have bought them back cheaper
and that's what i did and we closed them
out so i'm going to take that profit
we're up you know more than 50
i'm taking the profit i do not have one
open right now
in that account so i'm going to look at
opening a new one tomorrow
i'm not really sure what stock i'll look
at maybe it'll be tesla maybe not it
depends whether it's down or it's
up so um let's look at the total income
here
and by looking at the accounts so this
this is the
uh schwab account and that is the
taxable account so there's all of the
profits that i took for the month of
august and then we had that one there
and the tax deferred side um and that
was on the realty income
so and then we had also the cash
secured puts which is in my interactive
broker's account and this
like i said this just can coincide queen
size coincides
this just goes along supplements my cast
secured put
and covered call uh spreadsheet from
google but you know obviously all this
stuff lines
up and then you know realized p l was
322
which is a substantial decrease from
last month
but like i said tesla got kind of hard
to sell cast secured puts on
for some reason the last few weeks or so
and so i didn't make quite as much money
on it
but still you still tell me all of these
accounts of 322
the other two accounts with schwab it
still comes out to 471 dollars
that i made for the month of august and
just cast secured puts
and covered calls which i really think
is just free money laying out there
so for 471 dollars for this for these
three accounts that's pretty good i'm
looking to
you know make 500 plus for the month of
september
uh maybe we'll even shoot for 700 for
the month of september depends on how
aggressive i am
i'm still like to be around that uh
anywhere from five to
ten percent of probability of being in
the money and that doesn't matter
whether it's on covered calls or cast
secured puts
that's where i try to be but i'm always
looking at my
charts and all that find out where the
resistance is try to sell
to open the cast secured puts on down
days and try to
sell covered calls on the up days
i mean i did talk about all the stuff
and how i select the strike prices
in a different video if you want to look
at that video go and take a look at that
video up here
i'll probably will do future videos on
that as well just because people you
know still ask
questions and you know maybe just going
over it a couple times will help people
understand it better so go ahead and
take out the video on
saturday that will be my poor dividend
portfolio update video and you're not
going to want to miss this one so
there's some news i'm going to put in
there and and all that so
if you any comments questions or
concerns go ahead and leave a comment
below
um go ahead and like and subscribe and
we'll see you next video thanks for
watching
