Six Raptor positions expire today.
music selection: “My Love” — Paul McCartney & Wings
I have covered calls on DPM that are going to expire well in the money. I’ll say goodbye to DPM for now and redeploy the capital to AMLP puts.
Both legs of a strangle on PMT look to expire safely out of the money. I’ll roll the position forward for more income.
A covered call on GSK is currently out of the money by a few pennies and will go down to the wire.
A covered call on DD is currently in the money by a few pennies and is also going down to the wire.
A written put on ABBV is going to expire well out of the money. This one is getting a little pricey but I think there is room for one more out of the money put at the 58 strike.
Covered calls on AMLP look to expire out of the money. I’ll be strangling this one next month.
All told, the above positions provide 1,174 in options premium income. Not too shabby.
Devour your prey raptors!