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: MS
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 New Options on INTC & MS
I’ve sat on my Intel (INTC) shares for a while without selling covered calls, but decided to change that this morning. I’m glad I didn’t panic at the lows a few weeks ago, but clearly should’ve sold covered calls back in June or July soon after these shares were assigned and my losses began stacking…
Sold MS Strangle for September
I’ve been patient with my little Morgan Stanley (MS) position after I bought 100 shares at $29.00 from an option assignment only to see it dive down below $22.50. They’ve made a nice comeback and might keep going, but I decided to take some profits while I can. MS could hit resistance before it gets to $28.00. On…
June Options Expiration
I ended up making a few option trades today, but not exactly as I planned to yesterday. I started off this morning with CVS. I traded CVS a while ago and been waiting for another good entry point. They’ve been down on news of their “fight” with Walgreens. News came out that they appear to…
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. …
Option Selling Tuesday – INTC, MSFT, MS
After my April options on Intel (INTC) expired worthless I planned to get right back in. I think INTC has a strong run left in it. With a forward P/E ratio of only 12.22 INTC has room for error without getting crushed. As the economy continues to expand I see INTC as a leader along…