Sold my IBIT Call/Sold Calls on ACI & MARA
On 11/25 I bought 1 ISHARES Bitcoin EFT (IBIT). Bitcoin has been flying lately but I am not happy the way my IBIT Long Option was moving. I decided to sell the position and re-visit it next week. I bought 1 IBIT 12/27/24 $54 Call which was At-the-Money. I paid $4. With all the movement of Bitcoin my option only went up $1.60. I invested $400 and came out with $560 for a $160 profit. I am not complaining about the Return on Investment (ROI), which is 35%. I just felt with the big move in Bitcoin it would have been a larger profit. This might be the first time I was not happy with a 35% return lol.
11/25/24 – Buy to Open 1 IBIT 12/27/24 $54.00 C @ $4.00
12/6/24 – Sell to Close 1 IBIT 12/27/24 $54.00 C @ $5.60
Profit +$160
On 11/19 I bought 400 shares of Albertsons (ACI) for $19.33 per share. I have been selling Call every week since. Today is Friday and as I write the stock is at $$19.12 so I will not get assigned again. The Call expiring today is a $20 Strike Price which I received a 90¢ (4.6%) premium for $360 on the 400 shares. That $360 will go into my mattress and I just sold another Call expiring next Friday to get next week’s money started. This Call I sold for a premium of 75¢ for another $300. This is a ROI of $3.8%. I love these percentages for one week trades. Normally high premiums come with very volatile stocks but ACI really has not been moving much.
12/6/24 – Sell to Open 4ACI 12/13/24 $20.00 C @ 75¢ (+$300) 3.8%
I also saw a nice deal with Mara Holdings Inc. (MARA). I bought 200 shares for $26.10 per share and sold 2 MARA 12/13/24 $26.50 Call for a premium of $1.50 for a total of $300. This is a ROI of 5.7%.
Buy 200 Shares MARA @ $26.10
Sell to Open 2 MARA 12/13/24 $26.50 C @ $1.50 (+$300)
Successful trading,
Steve
The Options Coach