I was assigned again as the stock went up again.
Tried something new this time. Bought 500 shares of AGNC as it went ex-dividend on Wed and sold 5 calls against them. I did this on Monday. However, on Tuesday morning I was assigned already so I had my shares sold from me and I don't get the dividend. And i didn't even know until Wednesday morning.
So instead I bought 500 shares of FSLR @ 23.80 and sold the $24 calls at $0.56. Initial credit is $266.30. If I get assigned again, it would be an extra $100 (minus the assignment fee of $20).
Thursday, September 20, 2012
Thursday, September 13, 2012
Wednesday, September 5, 2012
Well my shares of FSLR got smoked last week. Down 6% on Wed, down another 18% on Thurs, and then after a slight up day on Friday, went right back down another 7% on Tuesday. I ended up selling them at $18.50 as they reached my threshold of pain.
I switched back to GMCR and bought 400 shares at $23.85, for an investment of $9550.
Then I sold the $24 calls for $0.45.
I'll make $166.30 if not assigned and add another $40 if assigned.
The late assignment last Monday really hurt.
I switched back to GMCR and bought 400 shares at $23.85, for an investment of $9550.
Then I sold the $24 calls for $0.45.
I'll make $166.30 if not assigned and add another $40 if assigned.
The late assignment last Monday really hurt.
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