Simply Puts

This past Friday was December options expiration and I had two options positions expiring – one a short put position and the other a covered call: Anglo American plc [[AAUKY]] – The December 12.5-strike covered calls I sold against my long position in AAUKY on 7/10/09 as a way to exit the position at breakeven [...]

Last week at November’s options expiration I ended up being put shares of General Maritime [[GMR]] when I was assigned the 7.5-strike put options that I’d sold against it last September. On Thursday (12/3/09) I sold some May 7.5-strike covered call options against that long position in GMR as the stock rallied nicely above the [...]