Simply Puts

This week was July options expiration and I had the following options positions expiring: BP plc [[BP]] – The July 45-strike puts I sold against BP last January (which had themselves been rolled out and down from the January 50-strike puts I’d sold against BP last September) expired out-of-the-money (OTM) for a 10-1/2-month averaged net [...]

The market’s sideways action and declining volatility while remaining near its recent highs didn’t make for a lot of tempting put-selling opportunities during May and June. But that has started to change recently as the market has pulled back, and as a result I’ve stepped up my put selling activity (see below). I’m well aware [...]