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!