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!