My puts in GE expired out of the money today.
music selection: “Tahitian Moon” — Porno For Pyros
I wrote three puts at the 30 strike on 23JAN2017. I pulled in 87 cents a share in premium. This trade was in force for 40 days and yielded 26.46% annualized.
My plan was actually to get assigned and write out of the money covered calls to capture upside appreciation as I think GE has years of gains ahead of it due to capital restructuring and the new Predix operation system. I’ll try again on Monday.
Devour your prey raptors!