Six positions expired with the bell.
music selection: “Fake It” — Seether
Five positions, two of which are puts and three of which are calls, expired out of the money today. Those are: NAP, PMT, SXCP, GEL, MAA. Average return across the five positions was 21.35% annualized and 1,070 in premiums were earned. I plan to roll all these positions on Monday.
A cash secured put in AMLP finished in the money by two cents and will be assigned. I’ll be buying 1,100 shares at 13 dollars. My yield on basis will be 18.31% annually. That is pretty good and I may be able to get a few hundred basis points more with an out of the money covered call at the 14 strike. It will depend on if I can get enough premium to make the commission worthwhile. This position yielded 35.5% annualized and generated 550 in premium income.
Total options income for the month of February is thus 1,620 from short options and 1,365 in long options on the long dated UVXY puts closed this week. That is total options income of 2,985, more than covering my monthly budget needs. Pretty nifty.
Devour your prey raptors!