My shares of MSFT were called away over the weekend.

music selection: “Son of a Poor Man” — REO Speedwagon

weigh-in:  212.0 +0.8 – Not bad for a week with an obligatory overeating holiday.

The last of the positions I’m trying to exit to raise cash is The Walt Disney Company (DIS).  I hold 100 shares with a cost basis of 100.  Shares are currently at 98.50 and I am writing a covered call to try to exit.  I sold DIS161230C00100000 for 75 cents a share this morning.  The trade will be in force for 33 days and yields 8.30% annually.  I’ve lost some dividend income over the last couple weeks as shares have been called away and I expect to lose some more to tax loss harvesting before year end.  I will be under 100% budget coverage by year end making trading income all the more important.  I hope to reduce the cash I hold in checking and increase my holdings of Closed End Funds after year end to alleviate that.

Devour your prey raptors!

Covered Call Disney (DIS)

Never miss another opportunity to devour prey!

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