To avoid confusion. A “Cash Secured Put” is equivalent to a stock buy. Three possible outcomes.
1. It expires worthless and I keep the option premium received when it sold ($131.00 in this case)
2. It quickly decreases in value, so I buy it back for a quick profit (I use 80% as a guide, but often wait for more, especially as it nears expiration where I’m likely to get 100%)
3. I get assigned, and buy the stock for the strike price of Put ($32 a share in this case) while keeping the sold Put’s option premium.
Mostly, I’ll use CSP’s to open a new stock position, unless an Ex Dividend date is within the life of the sold put.
At the end of this note is a “dump” of the transactions
| TtP-S | As of: 07/27/15 10:25 TtP-S Alert Display Format 2 Version 2.1 | |||||||
| Moderator Message (if any): Today’s Buys & Sells. Pete A | SPY | DIA | ||||||
| Previous Close | 208.00 | 175.52 | ||||||
| Current Price | 206.75 | 174.09 | ||||||
| Day Low | 206.26 | 173.78 | ||||||
| % Chg from Prev Close | -0.84% | -0.99% | ||||||
| Buy Day! | ||||||||
| (Based on low of the day) | ||||||||
| Today’s Buys/Sells | ||||||||
| Ticker | Buy Price | Buy Date | Profit Target | Sell Price | Sell Date | Profit Percent | Annualized RoI % | Current Position |
| BBY | 32.00 | 2015-07-27 | 32.64 | – – | – – | – – | – – | Bought |
The transaction looks like this in my record:
The OPEN POSITION records for BBY look like this:
July Transactions:
| Trade Date | Trade Time | Und. Ticker | Buy/Sell | Con tracts | Expiry Date | Put or Call | OX Instrument Symbol | Price | Current Bid | Current Ask | Currency | Status/Notes | STK Price at Time of Trans (hand pasted) | Position | Strike | Gross Cash Flow | Commission | Net Cash Flow |
| 7/1/2015 | 6:29:00 AM | BAX | SELL | 100 | STK | BAX | $68.32 | 37.73 | 37.74 | USD | STK Dummy BXLT Spin off | 68.32 | 100 STK BAX | $6,832.00 | $6,832.00 | |||
| 7/1/2015 | 6:30:00 AM | BAX | BUY | 100 | STK | BAX | $37.19 | 37.73 | 37.74 | USD | STK Dummy BXLT Spin off | 37.19 | 100 STK BAX | ($3,719.00) | ($3,719.00) | |||
| 7/1/2015 | 6:30:01 AM | BXLT | BUY | 100 | STK | BXLT | $34.41 | 30.47 | 30.50 | USD | STK Dummy BXLT Spin off | 34.41 | 100 STK BXLT | ($3,441.00) | ($3,441.00) | |||
| 7/1/2015 | 7:38:40 AM | IP | SELL | 1 | 7/31/2015 | CALL | IP 150731C00049500 | $0.85 | 0.21 | 0.28 | USD | CC Open Intitial | 48.58 | 1 CALL IP 150731C00049500 | 49.50 | $85.00 | $0.79 | $84.21 |
| 7/1/2015 | 12:24:48 PM | VZ | SELL | 1 | 7/10/2015 | CALL | VZ 150710C00047000 | $0.33 | 0.00 | 0.00 | USD | CC Open ReWrite | 47.00 | 1 CALL VZ 150710C00047000 | 47.00 | $33.00 | $1.09 | $31.91 |
| 7/2/2015 | 7:51:05 AM | STX | SELL | 1 | 7/24/2015 | CALL | STX 150724C00051000 | $0.84 | 0.00 | 0.00 | USD | CC Open ReWrite | 48.74 | 1 CALL STX 150724C00051000 | 51.00 | $84.00 | $0.79 | $83.21 |
| 7/2/2015 | 7:51:05 AM | XOM | SELL | 1 | 7/17/2015 | CALL | XOM 150717C00084000 | $0.61 | 0.00 | 0.00 | USD | CC Open ReWrite | 83.02 | 1 CALL XOM 150717C00084000 | 84.00 | $61.00 | $1.09 | $59.91 |
| 7/6/2015 | 8:01:58 AM | ETN | SELL | 1 | 7/31/2015 | PUT | ETN 150731P00065000 | $1.10 | 4.40 | 5.10 | USD | CSP Open | 67.05 | 1 PUT ETN 150731P00065000 | 65.00 | $110.00 | $1.09 | $108.91 |
| 7/6/2015 | 8:08:16 AM | SE | BUY | 1 | 7/17/2015 | CALL | SE 150717C00033000 | $0.10 | 0.00 | 0.00 | USD | CC Close Early | 31.33 | 1 CALL SE 150717C00033000 | 33.00 | ($10.00) | $0.64 | ($10.64) |
| 7/6/2015 | 9:14:36 AM | VZ | BUY | 1 | 7/10/2015 | CALL | VZ 150710C00047000 | $0.18 | 0.00 | 0.00 | USD | CC Close Early -Div Coming | 46.91 | 1 CALL VZ 150710C00047000 | 47.00 | ($18.00) | $0.79 | ($18.79) |
| 7/6/2015 | 9:55:26 AM | RY | SELL | 1 | 7/17/2015 | CALL | RY 150717C00060000 | $1.20 | 0.00 | 0.00 | USD | CC Open ReWrite | 60.66 | 1 CALL RY 150717C00060000 | 60.00 | $120.00 | $0.34 | $119.66 |
| 7/6/2015 | 10:25:06 AM | GSK | BUY | 1 | 7/17/2015 | CALL | GSK 150717C00044000 | $0.10 | 0.00 | 0.00 | USD | CC Close Early | 41.85 | 1 CALL GSK 150717C00044000 | 44.00 | ($10.00) | $1.09 | ($11.09) |
| 7/6/2015 | 12:53:00 PM | ESV | BUY | 1 | 7/17/2015 | CALL | ESV 150717C00023000 | $0.09 | 0.00 | 0.00 | USD | CC Close Early | 20.99 | 1 CALL ESV 150717C00023000 | 23.00 | ($9.00) | $0.39 | ($9.39) |
| 7/7/2015 | 9:17:53 AM | INTC | SELL | 1 | 8/21/2015 | PUT | INTC 150821P00028000 | $0.72 | 0.70 | 0.71 | USD | CSP Open Down Day | 29.42 | 1 PUT INTC 150821P00028000 | 28.00 | $72.00 | $1.09 | $70.91 |
| 7/8/2015 | 10:05:50 AM | QCOM | SELL | 1 | 7/24/2015 | PUT | QCOM 150724P00060500 | $1.15 | 0.00 | 0.00 | USD | CSP Open Down Day | 62.06 | 1 PUT QCOM 150724P00060500 | 60.50 | $115.00 | $0.79 | $114.21 |
| 7/10/2015 | 11:38:23 AM | NUS | SELL | 1 | 7/17/2015 | PUT | NUS 150717P00048000 | $6.30 | 0.00 | 0.00 | USD | CSP Roll to | 41.70 | 1 PUT NUS 150717P00048000 | 48.00 | $630.00 | $0.65 | $629.35 |
| 7/10/2015 | 12:51:54 PM | NUS | BUY | 1 | 7/10/2015 | PUT | NUS 150710P00048000 | $6.30 | 0.00 | 0.00 | USD | CSP Roll From | 41.83 | 1 PUT NUS 150710P00048000 | 48.00 | ($630.00) | $0.64 | ($630.64) |
| 7/13/2015 | 8:10:05 AM | GSK | SELL | 1 | 7/17/2015 | CALL | GSK 150717C00043000 | $0.40 | 0.00 | 0.00 | USD | CC Open ReWrite | 52.96 | 1 CALL GSK 150717C00043000 | 43.00 | $40.00 | $0.64 | $39.36 |
| 7/13/2015 | 8:13:09 AM | ESV | SELL | 1 | 7/17/2015 | CALL | ESV 150717C00021000 | $0.25 | 0.00 | 0.00 | USD | CC Open ReWrite | 20.71 | 1 CALL ESV 150717C00021000 | 21.00 | $25.00 | $1.09 | $23.91 |
| 7/13/2015 | 10:09:32 AM | BAX | SELL | 1 | 8/14/2015 | CALL | BAX 150814C00037500 | $0.93 | 1.10 | 1.29 | USD | CC Open ReWrite | 37.62 | 1 CALL BAX 150814C00037500 | 37.50 | $93.00 | $0.79 | $92.21 |
| 7/13/2015 | 10:18:07 AM | SE | SELL | 1 | 7/17/2015 | CALL | SE 150717C00032000 | $0.20 | 0.00 | 0.00 | USD | CC Open ReWrite | 31.81 | 1 CALL SE 150717C00032000 | 32.00 | $20.00 | $0.64 | $19.36 |
| 7/14/2015 | 11:30:41 AM | VZ | SELL | 1 | 7/17/2015 | CALL | VZ 150717C00047500 | $0.16 | 0.00 | 0.00 | USD | CC Open ReWrite | 47.33 | 1 CALL VZ 150717C00047500 | 47.50 | $16.00 | $0.79 | $15.21 |
| 7/15/2015 | 12:11:42 PM | XOM | BUY | 1 | 7/17/2015 | CALL | XOM 150717C00084000 | $0.03 | 0.00 | 0.00 | USD | CC Close Early Buyback | 82.50 | 1 CALL XOM 150717C00084000 | 84.00 | ($3.00) | $0.79 | ($3.79) |
| 7/15/2015 | 12:22:44 PM | ESV | BUY | 1 | 7/17/2015 | CALL | ESV 150717C00021000 | $0.05 | 0.00 | 0.00 | USD | CC Close Early Buyback | 20.05 | 1 CALL ESV 150717C00021000 | 21.00 | ($5.00) | $0.34 | ($5.34) |
| 7/15/2015 | 12:30:13 PM | RY | BUY | 1 | 7/17/2015 | CALL | RY 150717C00060000 | $0.20 | 0.00 | 0.00 | USD | CC Close Early Buyback | 59.66 | 1 CALL RY 150717C00060000 | 60.00 | ($20.00) | $1.94 | ($21.94) |
| 7/16/2015 | 8:16:42 AM | EMR | BUY | 34 | STK | EMR | $53.51 | 50.55 | 50.56 | USD | STK Open Round to 100 | 53.51 | 34 STK EMR | ($1,819.34) | $1.00 | ($1,820.34) | ||
| 7/16/2015 | 12:53:54 PM | GPRO | SELL | 1 | 7/24/2015 | PUT | GPRO 150724P00054000 | $2.17 | 0.00 | 0.00 | USD | CSP Open Rich Idea | 55.16 | 1 PUT GPRO 150724P00054000 | 54.00 | $217.00 | $0.80 | $216.20 |
| 7/17/2015 | 11:39:28 AM | STX | BUY | 1 | 7/24/2015 | CALL | STX 150724C00051000 | $0.09 | 0.00 | 0.00 | USD | CC Close Early Buyback | 48.47 | 1 CALL STX 150724C00051000 | 51.00 | ($9.00) | $1.09 | ($10.09) |
| 7/17/2015 | 12:41:07 PM | VZ | BUY | 1 | 7/17/2015 | CALL | VZ 150717C00047500 | $0.12 | 0.00 | 0.00 | USD | CC Close Roll Out | 47.62 | 1 CALL VZ 150717C00047500 | 47.50 | ($12.00) | $0.79 | ($12.79) |
| 7/17/2015 | 12:42:04 PM | VZ | SELL | 1 | 7/24/2015 | CALL | VZ 150724C00047500 | $0.49 | 0.00 | 0.00 | USD | CC Close Roll Out | 47.62 | 1 CALL VZ 150724C00047500 | 47.50 | $49.00 | $1.09 | $47.91 |
| 7/17/2015 | 4:19:00 PM | NUS | BUY | 100 | STK | NUS | $48.00 | 38.82 | 38.86 | USD | CSP Assigned – Unfav | 40.15 | 100 STK NUS | ($4,800.00) | ($4,800.00) | |||
| 7/17/2015 | 4:20:00 PM | BKH | BUY | 1 | 7/17/2015 | CALL | BKH 150717C00045000 | $0.00 | 0.00 | 0.00 | USD | CC Close Expired | 43.36 | 1 CALL BKH 150717C00045000 | 45.00 | $0.00 | $0.00 | |
| 7/17/2015 | 4:20:00 PM | GSK | BUY | 1 | 7/17/2015 | CALL | GSK 150717C00043000 | $0.00 | 0.00 | 0.00 | USD | CC Close Expired | 42.96 | 1 CALL GSK 150717C00043000 | 43.00 | $0.00 | $0.00 | |
| 7/17/2015 | 4:20:00 PM | MAT | BUY | 1 | 7/17/2015 | CALL | MAT 150717C00026000 | $0.00 | 0.00 | 0.00 | USD | CC Close Expired | 24.35 | 1 CALL MAT 150717C00026000 | 26.00 | $0.00 | $0.00 | |
| 7/17/2015 | 4:20:00 PM | RCI | BUY | 1 | 7/17/2015 | CALL | RCI 150717C00035000 | $0.00 | 0.00 | 0.00 | USD | CC Close Expired | 34.41 | 1 CALL RCI 150717C00035000 | 35.00 | $0.00 | $0.00 | |
| 7/17/2015 | 4:20:00 PM | SE | BUY | 1 | 7/17/2015 | CALL | SE 150717C00032000 | $0.00 | 0.00 | 0.00 | USD | CC Close Expired | 30.41 | 1 CALL SE 150717C00032000 | 32.00 | $0.00 | $0.00 | |
| 7/17/2015 | 4:20:00 PM | NUS | BUY | 1 | 7/17/2015 | PUT | NUS 150717P00048000 | $0.00 | 0.00 | 0.00 | USD | CSP Assigned – Unfav | 40.15 | 1 PUT NUS 150717P00048000 | 48.00 | $0.00 | $0.00 | |
| 7/20/2015 | 7:23:14 AM | STX | SELL | 1 | 7/24/2015 | CALL | STX 150724C00048000 | $0.50 | 0.00 | 0.00 | USD | CC Open ReWrite | 45.24 | 1 CALL STX 150724C00048000 | 48.00 | $50.00 | $0.79 | $49.21 |
| 7/20/2015 | 7:48:52 AM | EMR | SELL | 1 | 8/21/2015 | CALL | EMR 150821C00052500 | $1.30 | 0.40 | 0.50 | USD | CC Open ReWrite | 52.74 | 1 CALL EMR 150821C00052500 | 52.50 | $130.00 | $0.64 | $129.36 |
| 7/20/2015 | 10:08:14 AM | NUS | SELL | 1 | 8/21/2015 | CALL | NUS 150821C00040000 | $2.60 | 1.80 | 2.45 | USD | CC Open Initial – Selection Error | 39.63 | 1 CALL NUS 150821C00040000 | 40.00 | $260.00 | $0.35 | $259.65 |
| 7/20/2015 | 10:14:05 AM | BKH | SELL | 1 | 8/21/2015 | CALL | BKH 150821C00040000 | $2.45 | 1.45 | 1.75 | USD | CC Open ReWrite | 41.94 | 1 CALL BKH 150821C00040000 | 40.00 | $245.00 | $0.35 | $244.65 |
| 7/20/2015 | 12:41:34 PM | SE | SELL | 1 | 8/21/2015 | CALL | SE 150821C00030000 | $0.70 | 0.35 | 0.50 | USD | CC Open ReWrite | 30.00 | 1 CALL SE 150821C00030000 | 30.00 | $70.00 | $0.34 | $69.66 |
| 7/20/2015 | 12:44:00 PM | XOM | SELL | 1 | 7/24/2015 | CALL | XOM 150724C00082000 | $0.46 | 0.00 | 0.00 | USD | CC Open ReWrite | 81.64 | 1 CALL XOM 150724C00082000 | 82.00 | $46.00 | $1.09 | $44.91 |
| 7/21/2015 | 6:58:21 AM | VZ | BUY | 1 | 7/24/2015 | CALL | VZ 150724C00047500 | $0.05 | 0.00 | 0.00 | USD | CC Close Early .05 | 46.85 | 1 CALL VZ 150724C00047500 | 47.50 | ($5.00) | $1.09 | ($6.09) |
| 7/21/2015 | 7:15:06 AM | ESV | SELL | 1 | 8/21/2015 | CALL | ESV 150821C00020000 | $0.55 | 0.10 | 0.20 | USD | CC Open ReWrite | 18.70 | 1 CALL ESV 150821C00020000 | 20.00 | $55.00 | $1.09 | $53.91 |
| 7/23/2015 | 9:09:18 AM | GPRO | BUY | 1 | 7/24/2015 | PUT | GPRO 150724P00054000 | $0.02 | 0.00 | 0.00 | USD | CSP Close Early .02 | 64.30 | 1 PUT GPRO 150724P00054000 | 54.00 | ($2.00) | $0.75 | ($2.75) |
| 7/23/2015 | 12:38:32 PM | QCOM | BUY | 1 | 7/24/2015 | PUT | QCOM 150724P00060500 | $0.05 | 0.00 | 0.00 | USD | CSP Close Early .05 | 61.61 | 1 PUT QCOM 150724P00060500 | 60.50 | ($5.00) | $1.09 | ($6.09) |
| 7/24/2015 | 10:07:22 AM | WY | SELL | 1 | 8/28/2015 | PUT | WY 150828P00030000 | $0.85 | 0.75 | 1.10 | USD | CSP Open Buy Day | 29.81 | 1 PUT WY 150828P00030000 | 30.00 | $85.00 | $0.64 | $84.36 |
| 7/24/2015 | 11:01:59 PM | XOM | BUY | 1 | 7/24/2015 | CALL | XOM 150724C00082000 | $0.00 | 0.00 | 0.00 | USD | CC Close Expired | 80.00 | 1 CALL XOM 150724C00082000 | 82.00 | $0.00 | $0.00 | |
| 7/24/2015 | 11:01:59 PM | STX | BUY | 1 | 7/24/2015 | CALL | STX 150724C00048000 | $0.00 | 0.00 | 0.00 | USD | CC Close Expired | 47.32 | 1 CALL STX 150724C00048000 | 48.00 | $0.00 | $0.00 | |
| 7/24/2015 | 11:01:59 PM | LVS | BUY | 1 | 7/24/2015 | CALL | LVS 150724C00055000 | $0.00 | 0.00 | 0.00 | USD | CC Close Expired | 54.81 | 1 CALL LVS 150724C00055000 | 55.00 | $0.00 | $0.00 | |
| 7/27/2015 | 7:56:59 AM | VZ | SELL | 1 | 7/31/2015 | CALL | VZ 150731C00046500 | $0.17 | 0.09 | 0.11 | USD | CC Open ReWrite | 46.19 | 1 CALL VZ 150731C00046500 | 46.50 | $17.00 | $1.09 | $15.91 |
| 7/27/2015 | 8:04:12 AM | RCI | SELL | 1 | 8/21/2015 | CALL | RCI 150821C00035000 | $1.10 | 0.80 | 1.20 | USD | CC Open ReWrite | 35.72 | 1 CALL RCI 150821C00035000 | 35.00 | $110.00 | $0.34 | $109.66 |
| 7/27/2015 | 8:05:11 AM | STX | SELL | 1 | 7/31/2015 | CALL | STX 150731C00050000 | $0.81 | 0.81 | 0.85 | USD | CC Open ReWrite | 47.95 | 1 CALL STX 150731C00050000 | 50.00 | $81.00 | $1.09 | $79.91 |
| 7/27/2015 | 8:15:38 AM | XOM | SELL | 1 | 7/31/2015 | CALL | XOM 150731C00082000 | $0.45 | 0.40 | 0.42 | USD | CC Open ReWrite | 79.83 | 1 CALL XOM 150731C00082000 | 82.00 | $45.00 | $1.09 | $43.91 |
| 7/27/2015 | 8:23:06 AM | BBY | SELL | 1 | 8/28/2015 | PUT | BBY 150828P00032000 | $1.31 | 1.35 | 1.46 | USD | CSP Open Buy Day | 32.21 | 1 PUT BBY 150828P00032000 | 32.00 | $131.00 | $1.09 | $129.91 |
| 7/27/2015 | 8:23:43 AM | GSK | SELL | 1 | 8/21/2015 | CALL | GSK 150821C00042000 | $0.60 | 0.55 | 0.65 | USD | CC Open ReWrite | 41.55 | 1 CALL GSK 150821C00042000 | 42.00 | $60.00 | $0.34 | $59.66 |
| 7/27/2015 | 8:23:50 AM | LVS | SELL | 1 | 7/31/2015 | CALL | LVS 150731C00055000 | $0.42 | 0.31 | 0.33 | USD | CC Open ReWrite | 54.00 | 1 CALL LVS 150731C00055000 | 55.00 | $42.00 | $1.09 | $40.91 |