This month I rolled out 2 PM Covered Call options that would have resulted in the stock being called away from me although at a price greater than my basis.  I wrote about the PM roll in an earlier post.  The short comment is that rolling out the PM contracts allowed me to collect some additional premium, increase my strike price and allows me to retain the stock and continue to receive the dividends.  Those that I rolled out are shown as BTC (Bought to Close) in the Result column and have already been written about in prior posts.

 The expired options listed below represent a total of $1,267.91 in option premiums, some of which may have been rolled out from prior months.   Here are the summarized results:

I include those options that I rolled out during the month to present a more complete picture of the option transactions that I originally sold for expiration this month.

 Over the next few days I will sell and write about new Covered Call transactions for those stocks that show expired or assigned.

This month I rolled out 6 BVF Covered Call options that in the case of 2 contracts would have resulted in the stock being called away from me at a price less than my basis.  Rolling out the other 4 contracts simply resulted in additional option premium while allowing me to retain the stock and continue to receive the dividends.  I also rolled out 1 BP Put option contracts that would have resulted in stock being assigned to me at a price greater than my basis than I desired.  I also closed out 1 ZION Call contract for a loss. Those that I rolled out are shown as BTC (Bought to Close) in the Result column and have already been written about in prior posts.

 The expired options listed below represent a total of $2,657.65 in option premiums, some of which may have been rolled out from prior months.   Here are the summarized results:

I include those options that I rolled out during the month to present a more complete picture of the option transactions that I originally sold for expiration this month.

I have already sold new Covered Calls on some of those that expired and will be selling Covered Calls on the others soon.  I will write about them in the next few days.

All of my June 2010 option contracts expired worthless last Friday.  I didn’t even roll any June contracts out.

 I had expected that my KFT Jun 30 would result in my KFT shares being called away because KFT closed Friday at 30.01.  I had understood that if the stock was 1 cent in the money it would automatically be called.  After about an hour on the phone or waiting for a call back from E*Trade it turns out that whoever was on the other side of the deal had entered a do not execute order which arbitrarily allowed me to keep the stock.  I would have been happy either way.  If I had been called away I would have sold July or August 30 Puts on KFT.  Since I still own it, I will now receive the dividend to be paid early in July and will also sell new Covered Calls on it.

 The expired options listed below represent a total of $1,861.90 in option premiums, some of which may have been rolled out from prior months.   Here are the summarized results:

Over the next few days I will sell and write about new Covered Call transactions for those stocks that show expired or assigned.