Last Friday the September option expiration date was. In September I rolled 3 positions to October and I closed 2 positions. The trades I rolled were all 3 rolled for a higher price and did result in a higher potentiol option profit to be realized.
The 2 closed option potitions resulted in €309,50 profit after transaction costs. My total realized profit this year is now €769,45.
The following 2 trades where closed in September:
- 3x ING P9.40 20SEP19: profit €105,20
I started this position in August. I decided to buy back the options a few days before expiry date, because the price of bank stocks increased a lot in the days before I closed this position. I closed this positions to not risk the options getting in the money again on a market correction.
- 1x RD P26.00 20SEP19: profit €204,30
This is a position I started in november 2018 when the price of Royal Dutch declined from around €30 to €26. Today the price is almost the same as when I sold this option in November a year ago.
3 days before the expiry date I decided to buy back the options. The oil price increased a lot in the weekend before expiry as a result of the drone attacks on the Saudi oil installations.
After closing this position I sold a new mid-term option on Royal Dutch. I did short 1 put contract RD P26.00 20MAR20 for €156.
The following 3 trades I rolled to October:
- 3x AGN P4.20 20SEP19 rolled to 3x AGN P4.20 18OKT19:
I bought back the 3 contracts for €35,45 after deduction of transaction costs. I sold the 3 AGN P4.20 18OKT19 contracts for €37,45 income also after transaction costs.
Aegon closed friday at €3,86 so this series is almost 9% in the money and I don’t expect this position to expire worthless. Probably I will roll this position in October again, but I will probably roll it to a series with a longer expiration date with a lower strike price.
- 10x AGN P4.00 20SEP19 to 10x AGN P4.00 18OKT19:
I bought back the 1o options for €171,50 and opened the October position for €231,50. Current share price of Aegon is €3,86 so my target is to have a small price increase of almost 4% in October so this position will expire worthless.
- 2x ING P10.00 20SEP19 to 2x ING P10.00 18OKT19
I bought back the 2 options expiring in September for €62,30 and opened the October position for €86,3.
Current price of ING is €9,73 so I target on having this position expire worthless in October.