I have six positions expiring today.
music selection: “Nights In White Satin” — The Moody Blues
A covered call in Suncoke (SCXP) will expire out of the money. I’ll be writing another on Monday
A covered call in Teekay Tankers (TGP) will expire in the money and shares will be called. I admit it, I made a mistake in buying this. I was already too exposed to commodity pricing and I got clobbered here. I’m glad to walk away with anything.
A written put on CH Robinson Worldwide (CHRW) will expire safely out of the money. Price is getting away from me and I think I may say goodbye to this one.
A strangle in PennyMac (PMT) looks to expire out of the money. The written call is threatened and will go down to the wire. As long as the stock remains range bound, it matters little. I’ll keep playing this one for option income and collect dividends in the periods I hold shares.
A covered call in GlaxoSmithKline (GSK) will expire safely out of the money. I’ll roll the position on Monday.
A written put on Prospect Capital (PSEC) will expire safely out of the money. I will also roll this position on Monday.
The above positions returned 720 dollars in premium income.
Devour your prey raptors!