Expiring Options for May 19, 2017

Ouch!  The markets took a sharp dip thanks to the drama at the White House on reports of Trump asking FBI to stop investigation of the Russian involvement in the election causing investor to worry if Trump will finish his term as President.  The fear and volatility shot up.

Earlier this week, I had open two more bull put spread on $AAPL and $FB for next Friday, May 26th (I did not blog about these trades).  They took a nose dive and hoovered just below my strike price!  My short puts were being tested for $IWM and $TEVA.  I should have closed them the previous day for profit, but as always, I let my greed take over and held them.  

I saw a big gap down in my overall portfolio due majorly to the four options. On down days, I tend to ignore and observe when I should be making adjustments or making trades.  The next two days, the market showed signs of improvement and my options were looking much better.

Below were my options expiring for May 19, 2017:

Option	Accounts (Position)
GILD 19MAY2017 68 C	48(-1)
KO 19MAY2017 44 C	18(-1)
KR 19MAY2017 32 C	20(-1)
SBUX 19MAY2017 52.5 P	75(-1)
TEVA 19MAY2017 35 C	23(-1)
TEVA 19MAY2017 32.5 P	-124(-1)
V 19MAY2017 87.5 P	-83(10)
V 19MAY2017 90 P	300(-10)
WMT 19MAY2017 77.5 C	41(-1)

Most of my options expired worthless except for $TEVA.  I realized $318 in option profits!

The put on $TEVA was actually doing well until Wednesday collapse.  $TEVA did not recovery.  I am quite disappointed as I could have closed it for a $50 profit earlier in the week!  It closed at $29.88 per share.  This is well below my strike price of $32.50.  I did not want to take an assignment and put more funds towards this stock so I closed my put for a loss of $124 and re-opened another put in December with a lower strike of $30 and collected a premium of $310.  This is just a waiting game now.  

Unfortunately, I had to say goodbye to my $WMT as it made a strong finish towards Friday's finish.  It closed at $78.77 per share.  I held $WMT for over a year when it was trading below my put assignment @ $72.50.  I collected dividend mostly through this time as the premiums for selling calls were always on the low side when it was trade below $72.50 per share.  Currently, I still have two short puts on $WMT expiring Jan2018.  They were from a roll from two years ago.  I will take the profit for now.  I have an inkling that $WMT will take off and I'll be left behind in their dust as always when I sell covered calls!