Hello Investors,
First, a very important update to make sure that all positions in AMGN were closed on Friday. If not closed, then one would now have a -100 share short stock position. Short stock has an enormous amount of undefined risk. Not an acceptable position to continue holding long-term in our view. So, we would emphasize the importance of our discussion today on options expiration and how exercise/assignments are handled.
All positions in AMGN should have been closed on Friday. If any stock was delivered due to the trader not closing the option position, then an exit would be in order.
With April monthly expiration now having passed, we went on a covered call selling spree as follows:
Sell to open: Z May 17th (monthly) 50.00 strike call
Credit: 0.54 – this order has filled
Sell to open: BKR June 21st (monthly) 36.00 strike call
Credit: 0.31 – this order has filled
Sell to open: CVX June 21st (monthly) 175.00 strike call
Credit: 0.90 – this order has filled
Sell to open: DIS June 21st (monthly) 130.00 strike call
Credit: 0.85 – this order has filled
Sell to open: CVS June 21st (monthly) 80.00 strike call
Credit: 0.32 – this order has filled
Sell to open: SNOW July 19th (monthly) 210.00 strike call
Credit: 1.47 – this order has filled