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)
Raptor this is not the post to ask you this, but did you bought MORL ? It has taken a decent rally lately…
BR
I sold it all to tax loss harvest and bought back in at exactly 16.00. Doing pretty well there!
While I’m not into the options world yet, GE is starting to look interesting again from a simple stock buy perspective.
GE is attractively priced and boasts real upside from the PREDIX operating system. I feel pretty good about having money stationed there.