I was assigned shares of GE on Thursday.

music selection:  “Let The Good Times Roll” — Shirley & Lee

weigh-in:  216.8 +3.4 – doh!

I had three contracts of a short put on GE open.  All three assigned early on Thursday.  I used the opportunity to go ahead and roll then instead of waiting until Monday.  I sold three contracts of GE170526C00030500 for 32 cents a share.  The trade will be in force for 44 days and yields 8.70% annualized.

GE is a little beaten up right now but I expect it to be back.  The opportunity with  the PREDIX operating system is huge.

Devour your prey raptors!

Covered Call General Electric (GE)

Sharing is caring!

Never miss another opportunity to devour prey!

4 thoughts on “Covered Call General Electric (GE)

  • April 20, 2017 at 2:56 pm

    Raptor this is not the post to ask you this, but did you bought MORL ? It has taken a decent rally lately…


    • April 20, 2017 at 5:38 pm

      I sold it all to tax loss harvest and bought back in at exactly 16.00. Doing pretty well there!

  • April 23, 2017 at 8:03 am

    While I’m not into the options world yet, GE is starting to look interesting again from a simple stock buy perspective.

    • April 24, 2017 at 1:23 am

      GE is attractively priced and boasts real upside from the PREDIX operating system. I feel pretty good about having money stationed there.


Leave a Reply

Your email address will not be published. Required fields are marked *


This site uses Akismet to reduce spam. Learn how your comment data is processed.