Money and Finance
I've been searching through the plan documents but haven't been able to find whether or not I can do this with my ESPP through my employer. I'll know for sure come around the middle of January. If I can sell covered calls then it will be a great way to get extra income on those shares to help fund further purchases. I'll be getting approximately 180 shares that will hopefully not be called away from me and I can continue writing covered calls. I get a 15% discount on the shares which will be bought at $29.33. I'm researching the calls to write that would give me the best reward for the risk of the stock taking off. Just for some background I work for Halliburton and oil services stocks could easily go on a tear and jump above the strike price which won't be horrible but would just possibly limit some profit. With the 15% discount I can see some big gains should the options be exercised. I'll be targeting around $100 in income per month from the options that I write. If I am able to write the calls on the ESPP shares then I will be able to fuel an extra $1000+ in purchases for this year. I would highly recommend this option for anyone that can participate in an ESPP to get shares at a discount and is allowed to do sell options in their plan.
- Lots Of Options
No this post isn't about all the great investment opportunities that Mr. Market is giving us, it's about all of my recent option trading/selling activity. There's been a lot more activity on this front than I expected to be reporting. My...
- Recent Sells
Yesterday seemed like as good a day as any to try and sell off some more shares of Halliburton and also close my position in Alcoa. I sold 25 shares of Halliburton, leaving me with just 100 more. I had been debating whether or not to sell those shares...
- Recent Sells
Well I've been active this past week in trying to unload some shares of Halliburton (HAL) which is my employer. I purchased the shares through the employee stock purchase plan and I believe that if one is offered at your employer and you get a sizable...
- Expiration Friday
The third weekend of each month brings about expiration Friday for anyone that uses options as part of their investment strategy. Some people like to use covered calls to generate extra income, but I'm not a fan unless I'm trying to exit the...
- Espp
Well my ESPP shares officially hit my brokerage account today. I was able to get 184.524 shares at $29.33, which is the 15% off of the $34.51 close. Since it transferred to my brokerage account I'll be able to go through with my plan to sell call...
Money and Finance
Selling Covered Calls to add income
I've been searching through the plan documents but haven't been able to find whether or not I can do this with my ESPP through my employer. I'll know for sure come around the middle of January. If I can sell covered calls then it will be a great way to get extra income on those shares to help fund further purchases. I'll be getting approximately 180 shares that will hopefully not be called away from me and I can continue writing covered calls. I get a 15% discount on the shares which will be bought at $29.33. I'm researching the calls to write that would give me the best reward for the risk of the stock taking off. Just for some background I work for Halliburton and oil services stocks could easily go on a tear and jump above the strike price which won't be horrible but would just possibly limit some profit. With the 15% discount I can see some big gains should the options be exercised. I'll be targeting around $100 in income per month from the options that I write. If I am able to write the calls on the ESPP shares then I will be able to fuel an extra $1000+ in purchases for this year. I would highly recommend this option for anyone that can participate in an ESPP to get shares at a discount and is allowed to do sell options in their plan.
- Lots Of Options
No this post isn't about all the great investment opportunities that Mr. Market is giving us, it's about all of my recent option trading/selling activity. There's been a lot more activity on this front than I expected to be reporting. My...
- Recent Sells
Yesterday seemed like as good a day as any to try and sell off some more shares of Halliburton and also close my position in Alcoa. I sold 25 shares of Halliburton, leaving me with just 100 more. I had been debating whether or not to sell those shares...
- Recent Sells
Well I've been active this past week in trying to unload some shares of Halliburton (HAL) which is my employer. I purchased the shares through the employee stock purchase plan and I believe that if one is offered at your employer and you get a sizable...
- Expiration Friday
The third weekend of each month brings about expiration Friday for anyone that uses options as part of their investment strategy. Some people like to use covered calls to generate extra income, but I'm not a fan unless I'm trying to exit the...
- Espp
Well my ESPP shares officially hit my brokerage account today. I was able to get 184.524 shares at $29.33, which is the 15% off of the $34.51 close. Since it transferred to my brokerage account I'll be able to go through with my plan to sell call...