Three positions were assigned over the weekend.

music selection:  “Son Of A Poor Man” — REO Speedwagon

weigh-in:  207.6 +2.0 – Excessive Superbowl eating…

I had a strangle open in BX.  The shares were called away and the put expired worthless.  I remain high on the prospects for Blackstone and love the rich options premiums on offer so I’m writing fresh puts.  I sold BX180316P00035000 for 1.48 a share.  The trade will be in force for 40 days and yields an expected 38.59% annualized while enjoying 4.47% downside protection.

Shares in Micron (MU) were assigned to me over the weekend.  I am writing covered calls for more income.  I sold MU180316C00042000 for 2.08 a share.  The trade will be in force for 40 days and yields an expected 45.19% annualized.  Despite the downward move in price, the position is up 7.88% thanks to options premiums collected.  The premiums are so rich here, I expect to keep coming back for a long time.

Shares in Grubhub (GRUB) were also assigned to me over the weekend.  Like with MU, I’m writing covered calls against the shares for more income.  I sold GRUB180323C00071000 for 4.60 a share.  The trade will be in force for 47 days and yields an expected 50.31% annualized.  As with Micron, shares are down since entering the position but thanks to fat option premiums collected, I am up 8.82% on the position.  This is a great company with strong scalability and a powerful network effect.  I hope to continue using this for income in the future.

Devour your prey raptors!

Three Assignments and Three Trades 44.70%

Never miss another opportunity to devour prey!

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