My covered call on JNJ expired in the money today.

music selection:  “Walk This Way” — Aerosmith

It was a close call by JNJ closed three cents in the money for me today.  I have been trying to raise cash to support more put writing as my current dividends already support 93% of my budget.  CVX is next with a 20NOV2015 expiry that is also currently in the money by a hair.  The market closed while I was fussing with insurance companies.  My old homeowner’s policy expires on the third and would require over 1600 to renew.  My new quote with Allstate is for 1053 and includes auto liability savings as well.

Next on today’s errands is to pay real estate school taxes.  Obamacare enrollment also opens on the first and I need to shop as my current policy will be going up 22% versus last year.  I like the coverage but I won’t pay more than 20 dollars a month more to keep my current primary care doctor.

I’ll be back on Monday with a fresh trade for the newly freed up capital.

Devour your prey raptors!

Sharing is caring!

Goodbye to Johnson & Johnson (JNJ)

Never miss another opportunity to devour prey!

One thought on “Goodbye to Johnson & Johnson (JNJ)

  • November 1, 2015 at 9:27 pm
    Permalink

    I closed mine out at 80% premium, will consider writing new covered calls later, the premium isnt there now..
    Vish

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.