Four options positions expired with the closing bell.

music selection:  “Erase/Rewind” — The Cardigans

The only position that expired in the money is Microsoft.  I will be assigned shares at 57.50.  I earned 18.23% annualized on the position and should be able to earn similar on a near the money covered call.

Expiring out of the money are a Qualcomm put (63 strike), a Cheniere Energy call (52 strike), and a Disney call (100 strike).  I’ll be rolling the MSFT and DIS positions but exiting QCOM and LNG, including a sale of shares to raise cash.  I am still playing defense in light of the European banking troubles and the 4DEC2016 Italian referendums.  That includes opening fewer new positions when positions expire.  If things go smoothly, I’ll go back into risk on mode after the first of the year.

Devour your prey raptors!

Friday Expiries (QCOM, MSFT, LNG, DIS)

Never miss another opportunity to devour prey!

One thought on “Friday Expiries (QCOM, MSFT, LNG, DIS)

  • October 15, 2016 at 10:25 pm

    I like that you put a probable date on your likely re-entry point. It is easy to stay out once you are in cash and wait and wait and wait. If the market still looks questionable you can always revise your plan.


Leave a Reply

Your email address will not be published. Required fields are marked *


This site uses Akismet to reduce spam. Learn how your comment data is processed.