I have several positions expiring today.
music selection: “It’s Too Late” — Carole King
COVERED CALLS (6)
TGP – TGP151120C00035000 – expected to expire worthless
CVX – CVX151120C00090000 – expected to be called away
SXCP – SXCP151120C00012500 – expected to expire worthless
DPM – DPM151120C00030000 – expected to expire worthless
PMT – PMT151120C00015000 – expected to be called away
HCLP – HCLP151120C00012500 – expected to expire worthless
CASH SECURED PUTS (2)
DPM – DPM151120P00025000 – expected to expire worthless
GSK – GSK151120P00043000 – expected to be assigned
I hope to say goodbye to Chevron (CVX) to cut exposure to oilfield risk and raise cash. Glaxo-Smith-Kline (GSK) will be a nice pickup. PennyMac (PMT) is a pure income play and will be flipped to a cash secured put at the same strike.
I’ll be building an “open options positions” page here at the Raptor to provide a quick snapshot of what I have cooking. Thanks to Darren for the idea. There will be additional transparency coming with the first of the year.
Devour your prey raptors!