Hello Investors,
We have passed June (monthly) options expiration. Today we discussed option exercise, assignments, expiring options and how that played out in our positions. We acquiring shares of U.S. Steel (X) as expected over the weekend. We sold a covered call. We did NOT get shares of Apache (APA) so we sold another put to potentially acquire a stock position. Finally, we resold covered calls on our INTC position. The details are all shown below:
Sold to open: APA Aug 16th (monthly) 30.00 strike put
Credit: 2.20
Sold to open: X Aug 16th (monthly) 40.00 strike call
Credit: 0.90
Sold to open: INTC Aug 16th (monthly) 35.00 strike call
Credit: 0.70
The journal has been updated online at investingmentorships.com
Have a great week!