Summary of Trades:
Cash Covered Puts
- Sell To Open INSM Sept17 $3 Put @ $.30 Limit GTC
- Sell To Open OTIC Sept17 $10 Put @ $1.00 Limit GTC
Stock Covered Calls
(do not buy into these positions; do not sell unless you already own the stock)
- Sell To Open ACOR Sept17 $23 Call @ $.65 Limit GTC
- Sell To Open LPCN Nov17 $5 Call $0.50 limit GTC
- Sell To Open PAY Oct17 $20 Call @ $.55 limit GTC Sell To Open ZYNE Nov17 $10 Call @ $.50 limit GTC
Disclaimer: This article was written for informational purposes only, and is not intended as personal investment advice. Please practice due diligence before investing in any investment vehicle mentioned in this Newsletter.
This now becomes a quarterly feature instead of Monthly.
Closed Positions: (4)
Close date: 08-19-2017
BREW @ $18.65
Craft Brew Alliance, Inc.
BREW Cost basis $17.50 per share.
Premiums collected: $1.65 per share
9.42% Return in 7 months
01/20/2017 Buy BREW Stock Assignment $17.50
DVAX @ $16.20
Dynavax Technologies Corporation
07/03/2017 Sell To Open $5 DVAX Aug17 $7 Put $1.10
15.71% return in 48 days
TTPH @ $5.77
Tetraphase Pharmaceuticals, Inc.
07/24/2017 Sell To Open TTPH Aug17 $5 Put $0.40
8% Return in 25 days
UVXY @ $38.94
ProShares Trust II – ProShares Ultra VIX Short-Term Futures ETF
07/24/2017 Sell UVXY S ETF $29.63
Cost basis $35.00 per share.
Premiums collected: $19.74 per share
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