Another covered call in GSK expired out of the money.

music selection:  “Black Betty” — Ram Jam

I really thought I’d have exited this position by now but GSK continues to exhibit some price weakness.  The position is performing acceptably though thanks to options premiums.  On the 20th, I sold GSK160729C00043000 for 65 cents a share.  The trade will be in force for 40 days and yields 13.79% annualized.  Since Brexit, the underlying has been performing a little better and I may be able to exit the position at expiry.  If not, the underlying yields over 5% and it worth holding on its own.

Devour your prey raptors!

Covered Call GlaxoSmithKline (GSK)

Never miss another opportunity to devour prey!

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