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Covered Call General Electric (GE)

I was assigned shares of GE on Thursday.

music selection:  “Let The Good Times Roll” — Shirley & Lee

weigh-in:  216.8 +3.4 – doh!

I had three contracts of a short put on GE open.  All three assigned early on Thursday.  I used the opportunity to go ahead and roll then instead of waiting until Monday.  I sold three contracts of GE170526C00030500 for 32 cents a share.  The trade will be in force for 44 days and yields 8.70% annualized.

GE is a little beaten up right now but I expect it to be back.  The opportunity with  the PREDIX operating system is huge.

Devour your prey raptors!

{ 4 comments… add one }
  • JRBROKER April 20, 2017, 2:56 pm

    Raptor this is not the post to ask you this, but did you bought MORL ? It has taken a decent rally lately…

    BR

    • The Lizard King April 20, 2017, 5:38 pm

      I sold it all to tax loss harvest and bought back in at exactly 16.00. Doing pretty well there!

  • DivHut April 23, 2017, 8:03 am

    While I’m not into the options world yet, GE is starting to look interesting again from a simple stock buy perspective.

    • The Lizard King April 24, 2017, 1:23 am

      GE is attractively priced and boasts real upside from the PREDIX operating system. I feel pretty good about having money stationed there.

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