Several positions expired over the weekend.

music selection:  “Treat Me Right” — Pat Benatar

weigh-in:  196.6 +0.8

I have four positions to roll forward today.  Those are Lam Research (LRCX), Blackstone (BX), Target (TGT), and Michael Kors (KORS).  Today’s trades average an expected yield of 22.72% and generate 1,094 in fresh premiums.

Lam Research (LRCX) is a diagonal call that could be working out better. After today’s new short call, I am down 1,958 in the trade.  I sold LRCX180907C00225000 for 40 cents a share.   The trade will be in force for 40 days and yields an expected annualized return of 2.81% against my cost basis of 129.80 a share.

Shares of Blackstone (BX) were called away over the weekend.  I am re-entering the trade with a cash secured put.  I sold BX180907P00035500 for 88 cents a share.  The trade will be in force for 40 days and yields an expected annualized return of 22.62% while enjoying 1.90% downside protection.

Puts in Target (TGT) expired out of the money over the weekend.  I am re-entering the trade at a higher strike.  I sold TGT180907P00080000 for 2.70 a share.  The trade will be in force for 40 days and yields an expected annualized return of 30.80% while enjoying 3.53% downside protection.

Finally, shares of Michael Kors (KORS) were assigned over the weekend.  I am writing covered calls against these shares for additional income.  I sold KORS180907C00068500 for 2.60 a share.  The trade will be in force for 40 days and  yields an expected annualized return of 34.64%.

Devour your prey raptors!

Monday Trades LRCX, BX, TGT, KORS

Never miss another opportunity to devour prey!

2 thoughts on “Monday Trades LRCX, BX, TGT, KORS

  • July 30, 2018 at 8:32 pm
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    Seems like the market has been on a 1-month roller coaster cycle all summer. I spent the first half writing calls and puts, oftentimes with perfectly wrong timing!

    At least I made it all back with that 2 day Facebook diagonal.

    Reply
    • July 30, 2018 at 8:34 pm
      Permalink

      I remain bullish on F/B. It is one of the few non-P&C insurance companies in my tIRA.

      Reply

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