September was a slow but productive month for my trading. I traded a single covered call on TRN and you can see the details below. Over the past few months, TRN has continued a fairly consistent up/down trend which makes selling covered calls against it easy. Take a look at the picture below to see what I mean and see the time frame I made the trade in.
I’ve held off selling another covered call since TRN is reporting earnings towards the end of October and I don’t know if it’ll change the market’s view on TRN. However, once the dust settles I’ll be back to selling covered calls again.
October’s report will be much more interesting with two, hopefully three, trades closing out which will bring me close to breakeven. Hopefully I can break even by the end of the year!
Starting with this income report, I’m going to incorporate more of the capabilities of the Trading Journal Spreadsheet I wrote about earlier this year.
Below you can see a picture of the Trade Summary page which has most of the info I capture in my usual table you see in an income report, but it also captures some additional details about my entry/exit notes and what I learned.
Next month I’ll show you more of the stats on all my trades so far this year and how the TJS breaks them down for me and helped me focus on those “winning” trades.
Until next month, happy trading
September Net Income: $38.91
Total 2015 Net Income: -$267.18
|Strategy||Underlying||Option||Entry Price||Exit Price||Commission||$ Gain/Loss||% Gain/Loss||# Contracts|
|CC||TRN||Sep 18 $27 Call||$.69||$.20||-$10.09||$38.91||71%||1|