Positions in AAPL and AXP expired today.

music selection:  “Youth Without Youth” — Metric

A cash secured put in Apple (AAPL) at the 109 strike expired out of the money today.  The trade was in force for 40 days and yielded 14.40% annualized.  I am continuing to raise cash so I will not be rolling this position on Monday.

A covered call in American Express (AXP) at the 65.50 strike finished the day in the money and shares will be called away.  I collect, in addition to the premium, 50 cents in short term capital gains.  The trade was in force for 40 days and, including the capital gains, yields 23.40% on an annualized basis.  I will not be opening a new AXP trade on Monday as part of my plan to raise cash.

I’ll be back after market close on Monday with the October Transparency post.

Devour your prey raptors!

Friday Expiries (AAPL, AXP)

Never miss another opportunity to devour prey!

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