The market was closed Monday for Labor Day so I rolled my positions Tuesday.
music selection: “For You” — Staind
weigh-in: 212.8 (0.6)
First I rolled Qualcomm (QCOM). I sold QCOM161014P00063000 for 1.70 a share. The trade will be in force for 39 days and yields 25.25% on an annualized basis. The trade also enjoys 2.94% downside protection.
Next I rolled Microsoft (MSFT). I sold MSFT161014P00057500 for 1.12 a share. This trade will also be in force for 39 days and yields 18.23% annually. The trade enjoys 1.93% downside protection.
I also rolled Cheneire Energy (LNG). I sold LNG161014C00052000 for 0.14 a share. This one is quite a bit out of the money as I want to leave room for capital appreciation. The trade will be in force for 39 days and yields 3.99% annualized.
Finally, I rolled Disney (DIS). I sold DIS161014C00100000 for 0.12 a share. This trade is also in force for 39 days and yields 1.12% annualized. I’ve been a little disappointed by Disney but I think it will be back.
Devour your prey raptors!