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!

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Friday expiries

Never miss another opportunity to devour prey!

One thought on “Friday expiries

  • September 3, 2016 at 3:53 pm
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    Great returns. Gotta love when all the options expire worthless. I had a COP covered call expire yesterday. 12.85% annualized yield, $86.29 in profit. I’ll sell another COP call next week.

    Reply

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