I have three different option contracts expiring worthless today. My five TLT June $145 covered puts are nearly $16 out of the money and give me a realized gain of $288.41. However, I paid $213.19 in dividends and $25.90 in short interest for my short position. The difference is a net gain of $49.32. My…
Tag: MSFT
Sold MSFT Naked Put
Microsoft ($MSFT) was on my watch list when stocks were falling dramatically every day. I thought they were being overly punished and being sold by some traders simply to free up cash and cover margin calls created by the deeper declines in other stocks. However, I didn’t want to jump in too soon and risk…
Options Expiration – May 2019
Coming into today’s option expiration, I had three contracts set to expire. My only put was on MSFT at the $115 strike, around $14 out of the money. My IWM $158 strike covered call was out of the money by roughly $4 and my XLF covered call was only a nickel in the money. I…
Sold MSFT May Naked Put
Five minutes before the market closed yesterday, my limit order for a new naked put hit and I didn’t have time to write-up my trade details before leaving for my son’s track meet. (2 PRs for him!) I entered my limit order mid-afternoon and then saw MSFT running away from me, but I didn’t chase…
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…
Rolled UCO Covered Calls
Just a week ago UCO traded as high as $11.99. This afternoon (so far) it has traded as low as $9.97. That’s the kind of volatility that makes selling options fun when you can time it right or at least close to right. Last week I was convinced my UCO shares were finally going to get…
Sold MSFT Option Strangle
As I alluded to yesterday I decided I was getting tired of my position on MSFT with just being long 200 shares and thought I should add some options to bring in some more cash for me. It’s been somewhat of a stick in the mud recently and that’s not quite what I’m aiming for, even with…
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. …