Retirement Income

Stocks and Options

Currently browsing posts found in May2009


Option Results for May09

May 16th, 2009 at 8:39 pm » Comments (0)

All of the options that I still held at expiration expired worthless.  I either outright closed (BTC) or rolled out several options that might have resulted in stock being put to me or called away from me.  In most cases I made the correct decision for me.  In the case of NYX, if I had [...]



Alcoa Inc. (AA) – Rolled Out May09 Put

May 12th, 2009 at 7:57 am » Comments (0)

This morning I BTC 2 AA May09 10 Puts and STO 2 AA Jun09 10 Puts for a net deposit of $83.01 in an IRA account.  My basis for these AA shares if put to me will now be 9.38.  AA is trading at this writing at about 9.52. I really thought that the raw [...]



BP plc (ADR) (BP) – Sold Jun09 Call

May 11th, 2009 at 9:26 am » Comments (0)

This morning I sold 5 BP Jun09 50 Covered Calls for a net deposit of $263.25 in an IRA account.  My basis for these BP shares is now 61.69, excluding dividends received. I had been sitting on the BP shares since the April options expired.  The market volatility, rising oil prices and the smaller premium [...]