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!