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Bulls Eye Option March Option Expiration Update – Four Winners X, SWN, MRO, FCX

March Expiration – Cash Secured Put Sales/Option Wheel

 

 

The strategy to sell puts as a method to buy stock at a discount or get paid not to… took advantage of the recent market fears and volatility spike.

 

Below is an update on the March positions that go off the board at day end today.

 

 

 

6% return – US Steel Sold March $7 Put current X price $15.55, option will expire worthless as per plan for max profit. http://www.bullseyeoption.com/trade-alert/new-trade-alert-february-23rd-us-steel/

 

 

6% return – Southwestern Energy Sold March $5 Put current SWN price $7.97, option will expire worthless as per plan for max profit.

http://www.bullseyeoption.com/trade-alert/new-trade-alert-march-1st-southwestern-energy/

 

 

21% return – Marathon Oil sold March $8.50 covered call on assigned long shares from February cash secured put sale  http://www.bullseyeoption.com/trade-alert/new-trade-alert-february-5th-marathon-oil-cash-secured-puts/   to lower cost basis to $7.00.

Current MRO price $11.30 so stock will be taken away for max profit.

http://www.bullseyeoption.com/trade-alert/position-adjustment-february-29th-marathon-oil-update-create-covered-call-21-potential-return/

 

 

14% return – Freeport McMoRan sold March $8.00 covered call on assigned long shares from December cash secured put sale to lower cost basis to $7.00.

Current FCX price $10.60 so stock will be taken away for max profit.

http://www.bullseyeoption.com/trade-alert/freeport-mcmoran-position-adjustment-update-create-covered-call-14-potential-return/

 

 

Chesapeake Energy sold March $5.50 covered call on assigned long shares from November cash secured put sale to lower cost basis to $4.85.

Current CHK price $5.00 so option will expire worthless and another covered call will be sold for April series to again lower cost basis.

http://www.bullseyeoption.com/trade-alert/chesapeake-energy-position-adjustment-update-create-covered-call-15-potential-return/

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