My shares of PSEC were called away prematurely last night. I keep all of my options premium, acquire cash for shares, and book a cool penny a share in short term capital gains. Home maintenance related errands kept me away from the trading desk today so I’ll have to try to roll the position forward tomorrow.
It looks like I should be able to write PSEC160520P00007000 for about 9 cents a share, close to 20% annualized yield and over 6% downside protection.
Devour your prey raptors!