This Friday of expiration is tricky as most companies are reporting earnings! It can go in your favour or not! Unfortunately for me, Chipolte Mexican Grill has dropped a whopping $51.28 per share (7.4%) as their same store sales were down. Sniff sniff, I am holding 2 shares, but I'm still up 25% overall. Luckily, I don't have option play on $CMG.
I closed a couple positions early to lock in my gains, but if I had held on, Visa and Under Armour would have expired worthless and I would have collected my full premiums. Sometimes, it's better to be safer than sorry. I ended up collecting $265.72 of $403.18, representing 66% capture overall.
Below are my options set to expire:
| Option | Position | Days Held |
| FB 24APR2015 71 P | -2 | 16 |
| MCD 24APR2015 91 P | -1 | 3 |
| PEP 24APR2015 91 P | -1 | 24 |
| PG 24APR2015 77.5 P | -1 | 18 |
| SBUX 24APR2015 46 P | -2 | 8 |
| XOP 24APR2015 52 P | -1 | 3 |
Most of my options will expire worthless in the next couple days. I will be monitoring them. But I have no major concerns at the moment. If all goes according to plan, I will keep $214.35 that I collected from day 1!
April has been a slower month for me as I have been selling more PUTS in small quantities here and there than doing my regular bull put spreads. With my increased buying power, I am divided between selling PUTs and bull put spreads. Selling PUTs are easier to manage than bull put spreads.
After all said and done, hopefully I'll end up realizing $678.84 in gains from doing options for the month of April.
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