Trying something a little different with post scheduling.
music selection: “The Sound Of Silence (cover)” — Disturbed
weigh-in: 215.0 (1.0) – down 5 pounds in last 6 weeks; good pace.
I am going to start posting trades as I make them instead of disbursing them out into a regular MWF posting schedule. Posts will be less frequent but more timely.
I had several positions expire over the weekend and succeeded in rolling four of them. First was GEL. I thought this one had run away from me but I was able to get minimum pricing on GEL160819P00037500 which I sold for 80 cents a share. Annualized return is 23.60% with 8.18% downside protection.
I was also able to get back into my high yield thermal coal plays. I sold ARLP160819P00015000 for 20 cents a share. That yields 14.75% annualized which is disappointing compared to last month’s at the money haul but comes with very good 16.99% downside protection.
Also in the high yield thermal coal space, I sold AHGP160819P00020000 fir 30 cents a share. That yields 16.59% annualized, which is quite respectable. It comes with 16.59% downside protection.
Apple came within sneezing distance of being called away. I moved up a strike for this month’s covered call to see if I can capture some short term capital gains. I sold AAPL160826C00101000 for 1.98 a share. That yields 18.07% annually against my 100 cost basis. Yield if shares are called at 101 would be 27.19%, very tasty. In total, I’ve collected 5.33 a share in premiums against this position across all positions.
I was unable to get a minimum acceptable return today on SDLP, PMT, HCP, or AMLP. I will be trying again tomorrow but it looks like these have run away from me.
Devour your prey raptors!