ADM and EOG expired over the weekend.
music selection: “Times Of Trouble” — Temple of the Dog
Archer Daniels Midland (ADM) covered call expired out of the money on the weekend. I sold ADM171013C00045000 for 10 cents a share. The trade will be in force for 39 days and yields a miserable 2.08% annualized. Including all premiums received, ADM is down 4.04% since 9JUN2017.
EOG Resources (EOG) also expired out of the money over the weekend. I sold EOG170908C00095000 for 35 cents a share. The trade will be in force for 46 days and yields 2.92% annualized. Including all premiums received, EOG is down 1.73% since 29APR2017.
The diagonal call on Celgene moved into the money last week and I’m putting more money into the trade to roll the covered call leg. I bought to close the 139 strike with 22SEP2017 expiry for three dollars a share. I sold CELG171013C00145000 for two dollars a share. Net proceeds to roll the trade were minus one dollar even. The trade will be in force for 39 days and yields -11.86% annualized. The full trade is up 5.31 on 55.60 basis since 15AUG2017. That is good for 9.55% gross. I’ll refrain from annualizing that as the result would be misleading for a trade that will remain open for more than another year.
Devour your prey raptors!