All four covered call positions expiring today finished out of the money.
music selection: “Out Of Exile” — Audioslave
SDLP finished a long way out of the money. The general partner issued lower guidance and the limited partner suffered as a result. I’ll have to watch this one for triggering a stop loss. I collected 195 in cash over 54 days for a 20.28% annualized return.
PMT finished a little over 2% out of the money. I should be able to get good pricing on a new covered call here on Monday. I collected 60 dollars in cash over 25 days for an annualized return of 8.34%. The underlying shares yield almost 11% as well.
SXCP received a low ball a low ball buyout offer from the general partner today sending shares down over 11%. I don’t think the limited partners will accept the offer but for now, I’m under water. I collected 50 dollars over 25 days for an annualized return of 7.30%.
GEL has been a little disappointing and finished 15.46% out of the money. I really expected more of Trump bounce here. I collected 30 dollars over 39 days for an annualized return of 5.84%.
I might not be able to roll all of these positions on Monday but I expect to have some new written puts to trade that will boost income.
Devour your prey raptors!