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March 17th Option Expiration Update – One of One Winner

1 Winner out of 1 Trade closing out today

March Option Expiration Update

 

NUGT WINNER…

 

WHEEL IT…  GoPro, Southwestern Energy and Seadrill

 

 

The strategy to sell cash secured puts is a method to buy stock at a discount or get paid not to… taking advantage of the market fears and volatility with high probability plays.

 

 

Below updates the March positions that go off the board at end of today Friday.  

 

 

5% return in three weeks– NUGT Gold Miners ETF Sold March $7.50 Put at $0.40.  Stock at $9.00 today so option premium will be banked for full profit.  

 

http://www.bullseyeoption.com/trade-alert/new-trade-alert-march-2nd-nugt/   

 

 

 

OPTION WHEEL UPDATE

 

 

Originally sold GPRO February $9.50 Put at $0.45 for a stock cost basis at $9.05 when shares assigned.    Later, sold the March $10 Covered Call for $0.25 to lower cost basis to $8.80.  GPRO is at $8.50 so the Call sold will expire today.   

 

A covered call will be sold to again lower cost basis.

 

http://www.bullseyeoption.com/trade-alert/new-trade-alert-adjustment-february-23rd-option-wheel-grpo-covered-call-sale-14-potential-return-in-two-months/

 

 

 

Originally sold Southwestern Energy November $11 Put at $0.55.  with stock assigned at $10.45.  Later, sold the December $12 Covered Call for $0.40 to lower cost basis to $10.05.  Then sold the January $12 Call for $0.30 to lower cost basis to $9.75. 

 

 A covered call will be sold to again lower cost basis.

 

http://www.bullseyeoption.com/trade-alert/new-trade-alert-october-24th-southwestern-energy-2/

 

 

 

Originally sold SEADRILL May $4 puts for $0.25 http://www.bullseyeoption.com/trade-alert/new-trade-alert-may-2nd-seadrill/  to put break even basis at $3.75. 

 

SDRL stock was assigned with July $4.00 covered call sold for $0.25 June 7th on long shares to lower stock cost again to $3.50.

 

A covered call will be sold to again lower cost basis.

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