Current Portfolio – July 14, 2010

I pulled my current portfolio this morning to show what I have right now going into Friday’s option expiration.  I look good on my four July expiration naked puts and expect them to all stay out of the money for the next three days.  My July covered calls are out of the money, except for EEM which are in the money a little.  I have a few dollars of profit on my EEM covered calls and might end up rolling them out another month, but haven’t decided yet.  EEM seems to be the only one I’ll have to make a decision about by Friday afternoon unless something major happens, as it sometimes does. 

I’m glad I didn’t sell calls on my INTC shares since they’ve had a great bounce this morning after earnings.  They’ve brought MSFT along for the ride so far too which I like of course.  I’ve been holding on to my MS shares expecting a bounce from it, but haven’t seen much to help me yet.  I might add a September options strangle next week to either add more shares or exit my position.  My penny stock, SNRV, has lost some volatility and my limit orders to sell have missed the mark by a few cents each time they get close.  I’m getting bored with it and might move on to another if it doesn’t pick up again in the next couple of weeks.

Quantity    Underlying    Expiration    Strike    Type

•  -2              EEM             July              $34.00         Put
•  -3              NDAQ          July              $17.00         Put
•  -1              SPY              July              $101.00        Put
•  -10            UCO             July              $7.00           Put
•  -2              CSX              August         $52.50         Put
•  -3              CVS              August         $33.00         Put
•  -1              JPM              August         $37.00         Put
•  -2              VXX              August         $24.00         Put
• 200            EEM             + July          $39.00         Covered Call 
• 200            GES              + July          $35.00         Covered Call 
• 100            SPY              + July          $113.00       Covered Call
• 1,000         UCO            + July          $12.00         Covered Call
• 200            AVAV         + August     $25.00        Covered Call
• 100            ITRI             + August     $75.00        Covered Call
• 100            JPM             + August     $42.00         Covered Call
• 300            INTC           Long, no covered calls 
• 100            MS                Long, no covered calls
• 200            MSFT           Long, no covered calls 
• 1,500         SNRV          Long, no covered calls