Option Expiration - August 2008
This is how my August options closed on Friday along with my plans for these same equities moving forward.
AAPL closed at $175.74 leaving my August 155 naked puts out of the money (OTM) and giving me a full profit. I plan to write a new naked put on AAPL when it takes another dip. I haven’t picked my strike yet.
BA closed at $64.45 making my August 75 naked calls out of the money and giving me a full profit. I’m still long on BA in my IRA where I consider it a longer term hold. I’ll be re-writing covered calls well OTM there and might write more naked calls in my taxable account.
CELG closed at $75.86 leaving my August 60 naked puts out of the money and giving me a full profit. CELG has been on a good run for a while. I need to research it again to decide if I should get […]
Original post by Alex Fotopoulos