My puts in SIRI expired over the weekend.
music selection: “Shake Your Booty” — KC & The Sunshine Band
weigh-in: 204.6 (0.4)
Sirius XM is a great stock to write puts on. The price action is slowly upward and stable and the premiums are fat. My old puts expired safely out of the money and I’m going back for more. I sold SIRI180511P00006000 for 23 cents a share. The trade will be in force for 40 days and yields an expected 34.98% annually while enjoying 7.38% downside protection. This is my seventh consecutive time writing options for income on SIRI and it is going quite well.
Devour your prey raptors!