If you’ve been reading my weekly updates, you’ll notice that most of the positions are puts that I roll to avoid assignment in most cases. You’ll also see that there are times when we roll a put down. To roll the strike price down, many times you have to roll out further than just one week to be able to still get a net credit. With my SERV put, I had been rolling the strike price out and down because the share price had dropped. This week started with my SERV put with a strike price at $10.50, but wasn’t die to expire until 10/10. The share price had gone up quite a bit recently and on Tuesday morning the share price was almost up to $14.

Because the share price had gone up so much I decided to roll the strike price up to $13 and roll the expiration date to 9/26 which was Friday of this week. The reason for this was to hopefully be able to let the position expire earlier than having to wait until 10/10. This move didn’t go in my favor as the share price of SERV fell over the rest of the week and actually ended below $12 a share. I could have rolled it again, but I decided instead to let it get assigned and end up buying the shares for $13 a share. I’ll just sell calls starting next week at a strike of $13 until the call gets assigned and I end up selling the shares.

Week 22 Results

Here are the positions I started the week out with:

On Monday my RUN put was comfortably out of the money and the share price of SERV had risen a significant amount also. I opened a new position by selling a put on USAR with a strike price of $15 and an expiration of 10/3. (11 DTE). For this trade I collected a premium of $80.

As you read in my opening I decided to do something a little different and hopefully shorten the time on my SERV put by rolling it to a closer expiration date and rolling it up in strike price. For this I collected an additional $6 in premium. So on Friday I was able to let my RUN put expire and my SERV put got assigned since the share price dropped below my new strike price. Here is a chart of all my trades since the beginning of August for this account:

Summary

For week 22 I collected an additional total of $85.88 in net premiums. My target for week 22 is $81.04. For the first 22 weeks I have collected a total of $1,799.36 in premiums. My target for the first 22 weeks is $1,658.65.

I’m pleased to see that the share price of TMC has risen a good amount even though it’s still below my strike. But hopefully as we get closer to the expiration date it will have risen above my strike or at least is close enough that maybe I can roll the strike price down or get a decent amount for rolling to a further out date.

Here are screenshots of my account positions as well as a summary for the first 22 weeks. You’ll notice that it doesn’t reflect the expired RUN put or the assigned SERV put yet, but that will update on Monday morning.

Read: How to Generate Consistent Profits Through Options Trading