Week 20 - May 17 Investment Moves

May 17 US Market Condition as of 10:45 am EST
May 17 Options Trades
ONON Trade History
Income Range to be middle class

May 17 US Market Condition as of 10:45 am EST

Here are the current market conditions:

May 17 Options Trades

Here are the option trades for May 17:

Summary:

Rolled ONON covered call up and out for $6 premium.
Rolled F covered call down and out for $5 premium.
Rolled F covered call down and out for $5 premium.
Rolled BMY covered call down for $3 premium.
Opened TDOC covered call for $6 premium.

ONON Trade History

Here is the trade history around ONON. To understand this trade, I will provided how we got here.

Before May 17 Trade:

After May 17 Trade:

I had a covered call for May 24 for 38 (Strike Price). The covered call enters ITM (In-the-money) on Friday. I wanted to adjust this covered call and roll this out two weeks and up the strike price to $39.

Here is the trade history around ONON:

Trade History:

Enter new position on 4/24. Up 18% so far on the stock.
Open covered call using $34.50 strike price.
Rolled covered call down to $33.50 strike price.
Rolled covered call up ($34.50 strike price) and out one week.
Rolled covered call up ($37 strike price) and out one week.
Rolled covered call up ($38 strike price) and out one week.
Rolled covered call up ($39 strike price) and out two weeks.
Each adjustment, I collected cash up front.

My covered call did not "limit" my upside. As of right now, the covered call is OTM (Out-of-the-money).

Income Range to be middle class

Read this.

On the low-end side, most people might consider them to be "poverty level" and not "middle class".

The range is very wide and can cover a broad segment of the population. For example, Florida's Middle class is defined as $45K to $135K. One can suggest that under 60K is lower than the middle class.

Do you think the general population is getting left behind? The middle class is getting squeezed by inflation and everything is getting more expensive. The bills keep coming and the battle to keep your income growing. For some families, keeping up with inflation is a hard game. It goes on for 40+ years of your career.