July 2009 Option Expiration

My MON July 80 call (MONGP) is expiring out of the money today, so I decided to go ahead and sell another call today to increase my chances for profit over the series of trades. While MON was trading at $75.29 I sold to open one August 75 covered call (MONHO) for $3.20 and received $309.25 after commissions. That brings my cost per share down to $72.20 including the option premiums I’ve taken in so far. MON closed at $75.45 for the day.

I posted an NDAQ chart this morning and think it could come off its recent little recovery. NDAQ was trading above $20 this morning. I was hoping it’d still be there by the end of the day, but a couple of minutes after 3:00, while NDAQ was trading at $19.96 I bought to close my three July 20 naked puts (NQDSD) for $0.10 each and paid $42.24 with commissions. That gave me a realized gain of $230.51. I plan to get back in after it drops further below $20 again or the chart changes to show NDAQ moving out of its trading channel. NDAQ closed at $20.06 for the day. I could’ve avoided closing this position and saved $42. At least I came out with a profit for the day.

My SLB covered calls finished in the money and I decided not to roll them, so I’ll be selling my 200 shares at $55. Although I’m taking a loss on the shares, I’m wrapping up the series of trades with approximately $580 overall profit thanks to all of the options I sold to get me here. SLB closed at $56.01 for the day. I could’ve taken a profit on the calls and rolled them to August, but thought I should exit with a profit while I can.

My ALL July 24 naked puts (ALLSX) are expiring out of the money. I still like the stock and decided to lower my strike and sell new puts. While ALL was trading at $24.13 I sold to open four ALL August 23 naked puts (ALLTF) at $1.00 and received $386.99 after commissions. ALL closed at $24.24 for the day.

CVS closed at $32.75 making my July CVS 28/30 bull put spread finish with a full profit. I have to take a deeper look to see if I want to get back in and at what strike.

IWM closed at $51.90 which means I made a mistake by buying my IWM July 52 puts back early for break even on Wednesday.

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