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June Option Expiration Update – THREE WINNERS Textbook Trades monthly probability performance plays

June 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… to take advantage of the recent market fears and volatility spike.

 

Below updates the June positions that go off the board today.

 

6% return in month– Twitter Sold June $14 Put current TWTR price $16.05 option will expire worthless as per plan for max profit.

http://www.bullseyeoption.com/trade-alert/new-trade-alert-may-12th-twitter/

 

 

5% return in month– Transocean Sold June $9 Put current RIG price $11.20 option will expire worthless as per plan for max profit.

http://www.bullseyeoption.com/trade-alert/new-trade-alert-may-18th-transocean/

 

 

13% WINNER TEXTBOOK OPTION WHEEL CYCLE

Chesapeake Energy sold June $4.50 covered call on assigned long shares from November cash secured put sale to lower cost basis to $4.00.

 

Currently CHK price is at $4.62.  IF price remains here at close the shares will be taken away to close out position with 13% profit.

http://www.bullseyeoption.com/trade-alert/new-trade-alert-october-28th-chesapeake-energy/

 

If not above $4.50 at close a July covered call will be sold to lower cost basis again.

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