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Friday Expiry – General Electric (GE)

My puts in GE expired out of the money today.

music selection:  “Tahitian Moon” — Porno For Pyros

I wrote three puts at the 30 strike on 23JAN2017.  I pulled in 87 cents a share in premium.  This trade was in force for 40 days and yielded 26.46% annualized.

My plan was actually to get assigned and write out of the money covered calls to capture upside appreciation as I think GE has years of gains ahead of it due to capital restructuring and the new Predix operation system.  I’ll try again on Monday.

Devour your prey raptors!

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