Hello Investors,
The trades to watch closely into the close today are DELL and EFA. With DELL far more likely to need an adjustment. We will simply “buy to close” the 67.50 covered calls if the stock is at or above that strike price near the end of the trading day. Otherwise, we are in great shape to let all of our covered calls expire for max profits.
In addition, we wanted to re-initiate some of the current positions we have in place to generate more income. We made the following trades:
Sold to open: BAC Oct 16th (monthly) 23.00 strike puts (naked) for +0.31 credit
Sold to open: EEM Nov 20th (monthly) 49.00 strike calls (covered) for +0.28 credit
Sold a short strangle in INDA as follows:
Sold to open: INDA Nov 20th (monthly) 39.00 strike calls (covered)
Sold to open: INDA Nov 20th (monthly) 29.00 strike puts (naked)
Credit: 0.55
Have a great weekend!