Hello Investors,
Today we had a discussion on exercise/assignments around options expiration. There is not much happening with our June 19th (monthly) options expiration trades. That is great news as we should be able to allow all of the “income” strategies to expire for a full profit of the credit received. We did get our early and re-sell a “naked put” in BAC for July. This is only a good strategy if someone were willing to buy 100 shares of the stock in July.
Sold to open: BAC July 17th (monthly) 24.00 strike puts
Credit: 1.01
Have a great weekend!