My short put in Disney resulted in assignment.
music selection: “Sweet Dreams (Are Made of This)” — Marilyn Manson
Disney should be firing on all cylinders but has shown some recent price weakness. I am writing covered calls against the position for income with no plans of capturing upside price. On Monday, I sold DIS160722C00100000 for 1.18 a share. The trade will be in force for 40 days and yields 10.77% annualized. That result is a little disappointing but it is the best the market will give me at the moment.
In other news, I have options positions expiring today:
AHGP looks to expire well out of the money.
ARLP is close to the money and may result in assignment.
HCP will expire well out of the money.
PMT will expire out of the money without assignment.
GSK will expire out of the money and I will retain shares.
PSEC will expire far out of the money and not result in assignment.
Devour your prey raptors!