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Target and Blackstone

Two positions expired over the weekend.

music selection:  “You’re Not Alone” — Lacey Sturm

weigh-in:  198.0 +0.4

Two hundred shares of Target (TGT) were called away from me.  I’m writing a single contract put.  To that end, I sold TGT180727P00078000 for 2.29 a share.  The trade will be in force for 47 days and yields an expected 22.80% on an annualized basis.  The premium also provides some downside protection.

A covered call in Blackstone (BX) expired out of the money over the weekend.  Blackstone has been a little disappointing but is still in the black after the premiums collected.  I sold four contracts of BX180727C00035000 for 20 cents a share.  The trade will be in force for 47 days and yields an expected 4.44% on an annualized basis.  I remain eligible to collect the underlying distribution of about 10%.

Devour your prey raptors!

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