Hello Investors,
A few changes to the portfolio today as we have arrived at Aug 21st (monthly) options expiration.
We have had great success selling puts in BAC. The Aug puts are expiring today for a max gain. So, with it going away, we sold the Sep 18th (monthly) 23.00 strike puts for +0.30 (1 contract)
We also sold covered calls against our DELL shares. We sold the Sep 18th (monthly) 67.50 calls for +0.70 (2 contracts)
We have a nice profit having sold Aug puts in CVX that are expiring today for a max gain. So, with it going away, we sold the Oct 16th (monthly) 75.00 strike puts for +1.52 (1 contract)
We also moved our stop-loss down to breakeven in our short stock trade in GOLD. The stop-loss is now at 30.07/share.
We will make additional changes on Monday as needed to get back to 100 shares of BRK-B and to 200 shares of DELL as needed (based on how things exercise this weekend).
Have a great weekend!