I have 10 options expiring today – seven puts and three calls. All 10 will finish above their strikes today which means I won’t be assigned any of the puts and all three covered calls will force the sale of my shares at the strike prices. Here’s the breakdown on each one: CSX – 1 naked put at…
Tag: JPM
Options Expiration – November 2010
I had a good options expiration this November as most of my positions went my way. Here’s the breakdown of how everything finished for me. SPY – 112 Straddle (sold 1 put and 1 call at 112) – My put finished well out of the money and which means my covered call was deep in the…
Sold JPM Option Straddle
I wrote about my plans yesterday and even before the market opened today my alert for JP Morgan (JPM) was blaring at me as it was trading pre-market below the floor I set for it. I had alerts set to go off when JPM went outside of Wednesday’s trading range and I figured that’d tell me where…
Options Expiration – August 2010
Today’s option expiration finished somewhat differently than I thought it was going to as of a week ago. Here’s the breakdown of how it went down: VXX, two August 24 Puts – I’ll be assigned 200 shares of VXX on Monday morning. Instead of trying to roll these puts I sold covered calls on the shares…
JPM Option Strangle
Last week I mentioned that I took an option assignment on my JP Morgan (JPM) naked put. I sat on the shares for a little while trying to decide how to make my next move. I thought JPM might have some more upside, which it has since I was forced into buying the shares, but was…
JPM Option Assignment
I’m actually surprised this didn’t happen sooner. My JPM June 48 naked put was more than $10 in the money as far back as May 20th. Finally the inevitable happened and option was exercised and I was forced to pay $48 per share for $100 shares of JPM, about $9.50 more than the current price. …
Options Expiration – April 2010
After operating in a daze the past couple of weeks I happened to notice the date today and saw April options expire tomorrow. That got me to jump. I started looking at each of my expiring options (NDAQ, INTC, T, JPM and UCO) and making decisions on what to do. Here’s how I’ve started and plan…
Sold JPM Naked Puts
Yesterday afternoon I place a few limit orders late in the trading day for new naked puts on three different underlying stocks and ETFs – UWM, ITRI and JPM. All of them were sitting at levels that I would have been comfortable selling the options, but I wanted to try for a little extra. I don’t…