The stocks I’ve been selling covered calls on made a slight recovery recently, and I started managing one of my stocks that’s significantly down–by selling another put on it! Worst-case, I’m assigned again and my average buy price drops significantly. Best-case, I win on the put and get paid to do nothing, further lowering my break-even price. This is actually what happened this week, and I’ll be continuing to do that until the position is net profitable for me.
In other news, in keeping with full transparency, I found and corrected a few bugs in my portfolio tracker code. This has resulted in a more accurate representation of the portfolio value, which is shown in the plot below.