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Friday Expiries

All four covered call positions expiring today finished out of the money.

music selection:  “Out Of Exile” — Audioslave

SDLP finished a long way out of the money.  The general partner issued lower guidance and the limited partner suffered as a result.  I’ll have to watch this one for triggering a stop loss.  I collected 195 in cash over 54 days for a 20.28% annualized return.

PMT finished a little over 2% out of the money.  I should be able to get good pricing on a new covered call here on Monday.  I collected 60 dollars in cash over 25 days for an annualized return of 8.34%.  The underlying shares yield almost 11% as well.

SXCP received a low ball a low ball buyout offer from the general partner today sending shares down over 11%.  I don’t think the limited partners will accept the offer but for now, I’m under water.  I collected 50 dollars over 25 days for an annualized return of 7.30%.

GEL has been a little disappointing and finished 15.46% out of the money.  I really expected more of Trump bounce here.  I collected 30 dollars over 39 days for an annualized return of 5.84%.

I might not be able to roll all of these positions on Monday but I expect to have some new written puts to trade that will boost income.

Devour your prey raptors!

 

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