I haven’t done any trading, not even to roll anything out, for some time now.  Even with all of the market gyrations I am doing pretty well and just waiting for options to expire this week.  As it stands right now I will have 200 shares of NVDA called away and be put 400 ALSK and 400 BVF.  I would be okay with all of those events because they better fit my current investment goals.  The NVDA does not pay any dividends and the ALSK and BVF both pay a pretty good dividend at current prices.

The markets should be pretty interesting this week if nothing else because of the options expirations.  Jim Cramer suggested on Friday that the markets should be up by mid week.  The talking heads on CNBC are starting to suggest that the bottom may be in for the financial sector.  The suggestion was that earnings being reported in January may confirm a bottom.  I am kind of keeping an eye on WFC.  It is near a two year low and pays a decent dividend at current prices.  I may sell some Puts on it after the Dec expirations.