Hello Investors,
We made a couple of adjustments going into October (monthly) options expiration today.
Our BAC “naked put” will expire today for a max gain. So, we went ahead and replaced it by selling a Nov 20th (Monthly) 22.00 strike put for +0.33 income.
We have two resting orders for covered calls.
We placed a GTC (good til canceled) order to sell 1 GM – Dec 18th (monthly) 40.00 strike call for +0.65. This order may take a couple of days to execute.
We placed a day order (will cancel if it doesn’t fill) to sell 1 EEM – Dec 18th (monthly) 50.00 strike call for +0.29. If that order doesn’t execute today then we will look at replacements next week.
We will be “put” 100 shares of CVX over this weekend as we had hoped and planned.
Finally, we will monitor our QQQ trade toward the close and may make an adjustment to that trade. If we do then we will send out an email notification accordingly.
Have a great weekend!