I originally sold a CSX put last December and KO put in February. These puts both expired yesterday worthless, meaning I get to keep the entire premiums.
These are both stocks that I currently own and will continue to buy more shares and sell more puts against to keep dollar-cost averaging. I would have had no problem if these shares were assigned to me. This is why I sell puts of companies that I’d like to own more shares of anyways. I don’t have to worry about getting assigned shares since I’m picking a price that gives me a cost basis cheaper than current market values and one that I would be happy to pay.
The original trades:
12/27/12 Sold 1 CSX Aug 17 ’13 $20 Put @ 2.00; posted here
02/12/13 Sold 1 KO Aug 17 ’13 $37.50 Put @ 1.71; posted here
Both of these expired this weekend so I get to keep $371 in options premiums. This brings my total options premiums to $3486!
I currently have 13 open options positions and have already met my options goals of $3000 for the year. I met and posted this options goal in July. My options income still continues to outpace my dividend income but I expect to almost catch up in September which will be a big month for dividends.
My options page has been updated accordingly.
I didn’t know you were trading options as well! Or maybe I thought you haven’t traded them…
Hi Martin,
I’ve been trading options since early last year. If you check out my “Options” tab at the top, you will see all of my trades. I’m mostly selling puts but still learning. I’ll be watching your options trades as well.
Take care!