SSO - Position Update
Written on January 6, 2009 – 12:41 pm | by admin
Today I sold 2 Jan $30 strike contracts on two of my three SSO positions. I should have done it this morning but it never got to my limit so I sold it while the premiums were still decent.
Position 1:
Purchased: 100 @ 33.85
Initial Option Income: $5.30
Jan Option Income: $0.45
Other Option Income: $0.60
Expected Return: 7.22%
Position 2:
Purchased: 100 @ 31.28
Initial Option Income: $3.10
Jan Option Income: $0.45
Other Option Income: $0.60
Expected Return: 8.88%
I also sold a Jan $29 strike a few days ago (forgot about this one). This is one where I will use the roll up and out method should it get above the $29 strike.
Purchased: 100 @ 30.55
Initial Option Income: $1.95
Jan Option Income: $0.50
Other Option Income: $.50
Expected Return: 3.38%
Tags: SSO
