Simply Puts

This was February options expiration and yet another “payday” of income generated from selling naked put options.

This turned out to be an eventful options expiration. Not only did I have a lot of short put and call options positions expiring – some dating back to the days of the market panic – but the day’s sell-off also triggered a number of new short put positions.
First, here are [...]

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: 0.00 N/A, yld: N/A%) – 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 [...]

This past week was options expiration and only the third or fourth time this year I was assigned a short put option. I had ample time prior to expiration to close (buy back) the position at a profit, but elected to be put the shares and initiate a position in the stock (General Maritime) [...]

This past week was October options expiration and I had the following short put options positions expiring:

Enerplus Resources (ERF: 23.24 0.00%, yld: 8.49%) – The October 17.5-strike puts I sold against ERF on 7/14/09 expired out-of-the-money (OTM) for a 3-month net return of about 5.9%.*
Sonoco Products (SON: 30.25 0.00%, yld: 3.57%) – The October 17.5-strike [...]

This past week was September options expiration and I had the following options positions expiring:

Ameren (AEE: 25.57 0.00%, yld: 6.02%) – The September 25-strike puts I sold against AEE on 2/24/09 as part of a defensive strategy to address losses in my long position in the stock expired out-of-the-money (OTM) for a 7-month net return [...]

This past week was August options expiration and I had the following options positions expiring:

Cal-Maine Foods (CALM: 33.62 0.00%, yld: 2.22%) – The August 17.5-strike puts I sold against CALM on 6/2/09 expired out-of-the-money (OTM) for a 2-1/2-month net return of 2.8%.*
Cintas (CTAS: 26.15 0.00%, yld: 1.84%) – The August 15-strike puts I sold against [...]

This week was July options expiration and I had the following options positions expiring:

BP plc (BP: 56.04 0.00%, yld: 6.00%) – 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 [...]

This week was June options expiration and I had the following options positions expiring:

BB&T Corp. (BBT: 28.82 0.00%, yld: 3.19%) – Some June 17.5-strike puts I sold against BBT on 1/7/09 expired out-of-the-money (OTM) for a 5-1/2-month net return of almost 13%.*
Dow Chemical (DOW: 29.22 0.00%, yld: 2.05%) – Some June 7.5-strike puts I sold [...]

This week was May options expiration and I had the following options positions expiring:

AFLAC (AFL: 51.25 0.00%, yld: 2.19%) – The May 17.5-strike puts I sold against AFL last month expired out-of-the-money (OTM) for a four-week net return of 4.1%.*
General Dynamics (GD: 73.68 0.00%, yld: 2.06%) – The May 30-strike puts I sold against GD [...]