What a crazy couple of weeks.
Ka-ching is the word though as we did NOTHING – as planned back on the 18th, in our last update – as we expected the market to go down then up. On Friday, we took our short puts off the table as we expect there is a better than average possibility that we go back down again between now and expirations (15th), so we took our short-term winners off the table. The only move we did execute in the past two weeks, other than taking our virtual money and running, was the sale of 10 FCX July $47 puts for $1.21 ($1,120) on the 24th and those cashed out yesterday at .13, up $1,080 two weeks early so of course we take it off the table!
Our other short July puts that were cashed out were:
- 20 short GLW Aug $20 calls at $1.30, out at .20 – up $2,200
- 20 XLF July $15 puts sold for .50, out at .06 – up $880
- 10 INTC July $22 puts sold for $1.05, out at .15 – up $900
- 5 BA July $75 puts sold for $2.50, out at $1.40 – up $450
- 5 DE July $77.50 puts sold for net .67, out at
…
