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!