Two positions expired over the weekend.
music selection: “You’re Not Alone” — Lacey Sturm
weigh-in: 198.0 +0.4
Two hundred shares of Target (TGT) were called away from me. I’m writing a single contract put. To that end, I sold TGT180727P00078000 for 2.29 a share. The trade will be in force for 47 days and yields an expected 22.80% on an annualized basis. The premium also provides some downside protection.
A covered call in Blackstone (BX) expired out of the money over the weekend. Blackstone has been a little disappointing but is still in the black after the premiums collected. I sold four contracts of BX180727C00035000 for 20 cents a share. The trade will be in force for 47 days and yields an expected 4.44% on an annualized basis. I remain eligible to collect the underlying distribution of about 10%.
Devour your prey raptors!