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Monday Trades

I rolled most of the positions that closed Friday.

music selection:  “Tonight She Comes” — The Cars

weigh-in:  211.2 (1.8)

I wrote a covered call (again) on PSEC.  I sold PSEC161216C00008000 for 10 cents a share.  The trade will be in force 26 days and yields 17.55% on an annualized basis.  If I hold onto shares, the underlying yields over 12%.

I sold a cash secured put on BPT.  I sold BPT161216P00020000 for 65 cents a share.  The trade will be in force for 26 days and yields 45.63% on an annualized basis (quite good!)

I wrote a covered call (again) on GEL.  I sold GEL161216C00037500 for 15 cents a share.  The trade will be in force for 26 days and yields 5.62% on an annualized basis.  I am likely to retain the shares and collect an underlying yield over 8%.

I wrote a covered call (again) on MAA.  I sold MAA161216C00095000 for 30 cents a share.  The trade will be in force for 26 days and yields 4.43% on an annualized basis.  I am also likely to retain these shares and collect on the underlying yield of 3.5%.

I sold a cash secured put on CNNX.  I sold CNNX161216P00020000 for 20 cents a share.  The trade will be in force for 26 days and yields 14.04% on an annualized basis.

New action this month includes writing an in the money covered call on HCP.  This one recently had a share price decline related to a spin off an operating unit.  I like the prospects for this one but am striking to harvest the tax loss before year end.  I sold HCP161216C00027500 for 1.65 a share.  The trade will be in force for 26 days and yields 18.38% on an annualized basis.

I was unable to roll SXCP or PMT for attractive pricing.  I’ll try again tomorrow with a 2017 expiry to see if I can find some additional liquidity.

Devour your prey raptors!

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