Happy Friday! Today is the third Friday of the month, which means the monthly options contracts will be expiring. As my brokers’ automated messaging systems have painstakingly pointed out to me every morning this week: I have options positions expiring. Let’s talk about them. GRC Put (one contract) – $25 Strike I sold this contract… Read More DGI Adventure 10-21-16 – Expiry Discussion
Is the roller coaster ride over or is it just getting started? I think it’s just getting started. Mr. Market went off his meds in January. It was a pretty busy month for the wizards as well. Let’s take a look at where things wound up once the dust settled: Portfolio Summary As always, the… Read More DGI Adventure – 01-31-2016 Month in Review – January 2016
Somebody spiked Mr. Market’s coffee again. The common consensus has fingered China as the culprit. Give it some time and we’ll see a few articles suggest that the Fed had a hand in it as well. I lost a lot of imaginary cost basis bucks this week. I didn’t purchase any stocks, but I’ve been… Read More DGI Adventure – 01-08-2016 Week in Review
I got paid today. I sold one covered call contract (ABX160219C00009000) for $0.23/share. The sale netted $15.30 after $7.70 trade commission. The shares will be at risk for 44 days. The call premium represents 1.7% of the assignment price or a 14% annualized gain. ABX shouldn’t go ex-dividend until after the expiration date, so there… Read More DGI Adventure – 01-06-2016 Payday: Covered Call Sale – Barrick Gold Corporation (ABX)
