Four positions expired this afternoon.
music selection: “Champagne Supernova” — Oasis
All four positions expiring today are out of the money. First, Qualcomm (QCOM) finished at 63.35, over three dollars above the strike. I earned a 22.05% annualized return on the written put. I’ll write a new put on Monday.
Microsoft (MSFT) cut it close. Big softy finished at 57.67, just 1.67 out of the money. I earned 18.90% annualized return on the written put. I will open a new put on this one Monday as well.
Cheneire Energy (LNG) finished well out of the money. This is a covered call play that will be written at the further available from the money strike on a rolling basis until called. I’m making less than 5% annualized but I’m picking up great capital gains on the way from this steady gainer.
Finally, Disney (DIS) has been a little disappointing. It finished at 94.42, well down from the 97.67 it was at when I wrote my covered call. I made 11.13% annualized and will write a new call at the 100 strike on Monday. The yield will be much lower but at least I stay eligible to earn dividends while I wait for price recovery.
Devour your prey raptors!