Weekly Option Trading

In September, I began selling weekly puts on Exxon-Mobil Corp XOM and McDonald's Corp MCD to provide additional account activity. In December, I added a third company to the list, Johnson & Johnson JNJ.

I discontinued XOM trades because of the decrease in option premiums.  In 2014, I plan to sell a higher number of JNJ weeklies due to commission costs. I may trade MCD again in the future.

I understand this strategy will not create huge amounts of wealth. I view my weekly put selling as somewhat of a hobby; likely producing a small steady income with minimal risk.

I plan to consistently roll my options for a credit to generate income. My total weekly gains are included in my blog posts of monthly account activity.

My trading summary is reported in US dollars minus commissions:

Johnson & Johnson (JNJ)

12/16 Sold 2 Dec 27. $91 puts   $87.50
12/27 Expired worthless
12/27 Sold 4 Jan 3 $92 puts      $157.00
01/03 bought to close              -$134.99
01/03 Sold 4 Jan 10 $92 puts   $265.00
01/10 Expired worthless
01/10 Sold 4 Jan 24 puts           $109.00
01/24 Buy to close                     -$70.99
01/24 Sold 4 Jan 31 $92 puts.    $237.00
01/31 Buy to close                 -$1,294.99
01/31 Sold 4 Mar 7 $92 puts   $1,704.98

                Total    $950.51

MacDonald's Corp (MCD)

09/16 Sold 2 Sept 27 $97 puts    $83.50
09/27 Bought to close                -$32.49
09/27 Sold 2 Oct 4 $97 puts      $107.50
10/03 Bought to close               -$472.49
10/03 Sold 2 Oct 25 $97 puts    $547.50
10/24 Bought to close              -$472.49
10/24 Sold 2 Nov 22 $97 puts   $519.50
11/22 Expired worthless
11/22 Sold 2 Nov 29 $97 puts     $43.50
11/29 Expired worthless
12/02 Sold 2 Dec 6 $97 puts       $99.50
12/05 Bought to close              -$352.49
12/05 Sold 2 Dec 27 puts          $389.50
12/27 Bought to close                -$38.49

     Total:            $422.05

Exxon-Mobil Corp (XOM)

09/19 Sold 3 Sept 27 $90 puts   $256.25
09/26 Bought to close               -$853.74
09/26 Sold 3 Oct 19 $90 puts     $892.24
10/11 Bought to close             -$1,093.74
10/11 Sold 3 Nov 1 $90 puts    $1,096.24
11/01 Bought to close                -$238.74
11/01 Sold 3 Nov 8 $90 puts       $466.25
11/08 Expired worthless
11/11 Sold 3 Nov 29 $90 puts        $82.25
11/25 Sold 3 Dec 6 $92 puts          $31.25
11/29 Expired worthless
12/06 Expired worthless
11/06 Sold 3 Dec 13 $94 puts       $46.25
12/13 Expired worthless

     Total                $684.51

Total Weekly Option Income:    $2,057.07