LCID Trading: More Profits from Expired Short Calls

Posted on March 12, 2022 by admin

The naked LCID calls I sold Monday last week expired. I made ~$4000 again in 4 days. Out of curiosity, today, I reviewed my LCID trading history.  From LCID price chart (1-yr, LCID), one can see that after a 4-month price spike, LCID price is returning back to a trading range.  Here is what I found: I started trading LCID from 9/20/2021. I still own 8000 shares of LCID and I sold 100 contracts of LCID (out of money).  My profit as of now is $21,427.63. Then I looked further into my trading history and found 18 of all the calls I sold expired worthless. The total expired value is $74250.7.  This data supports that most of stock options (calls, in my case) do expire and my trading profit is mostly from selling calls.

 

1/24/2022 4.02E+10 REMOVAL OF OPTION DUE TO EXPIRATION (0LCID.AL20042000) 10 2504.38
1/24/2022 4.02E+10 REMOVAL OF OPTION DUE TO EXPIRATION (0LCID.AL20048000) 5 5460.16
1/24/2022 4.02E+10 REMOVAL OF OPTION DUE TO EXPIRATION (0LCID.AL20039000) 40 12773.06
1/18/2022 4.01E+10 REMOVAL OF OPTION DUE TO EXPIRATION (0LCID.AE20046000) 15 1836.57
1/3/2022 3.98E+10 REMOVAL OF OPTION DUE TO EXPIRATION (0LCID.LV10039000) 10 1044.38
12/27/2021 3.96E+10 REMOVAL OF OPTION DUE TO EXPIRATION (0LCID.LN10040000) 40 10337.49
11/15/2021 3.87E+10 REMOVAL OF OPTION DUE TO EXPIRATION (0LCID.KC10045000) 5 1852.18
10/25/2021 3.82E+10 REMOVAL OF OPTION DUE TO EXPIRATION (0LCID.JM10025000) 30 2293.12
10/25/2021 3.82E+10 REMOVAL OF OPTION DUE TO ASSIGNMENT (0LCID.JM10024000) 10 594.38
10/11/2021 3.8E+10 REMOVAL OF OPTION DUE TO EXPIRATION (0LCID.J810025000) 10 544.38
10/4/2021 3.78E+10 REMOVAL OF OPTION DUE TO EXPIRATION (0LCID.J110026000) 10 1494.36
10/4/2021 3.78E+10 REMOVAL OF OPTION DUE TO ASSIGNMENT (0LCID.J110023000) 10 2154.36
9/27/2021 3.76E+10 REMOVAL OF OPTION DUE TO EXPIRATION (0LCID.IO10026000) 10 944.37
Subtotal -74250.7
# of expired calls: 18
These are expired calls on LCID since Sept. 2021, totaling $74250.7

About admin

Richard Cheng, M.D., Ph.D., is an avid Wall Street investor with 20+ years of investing experience. He is specially adept at observing the world to find the patterns and then design strategies to win his battle. Most, if not all, happenings in the world, follow certain patterns. These patterns may be complex, multi-factorial, not so intuitive at the first glance, or even may appear chaotic. However, even chaos has its own patterns. If you pay attention and be patient, you'll find them and then you will gain an upper hand in your battle. Using this blog space, he documents his trades and his thoughts as they happen. He uses this blog as a a notebook to help him better refine his strategies. Hopefully this will help you as well. Good luck in your trading.
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