Archive for May, 2010

May options expiration

May 23, 2010

The May 28 puts I wrote on LLTC were assigned, closing the short position in LLTC shares that was opened at $28. Profit on the put write was +1.30. I continue to hold a long position in January 17.50 calls on LLTC. I’ll be looking to sell near-term calls against the Januarys.

The May 55 calls written on KO expired worthless for a gain of +0.81. I am still long January 45 calls.

The May 26 calls written on T expired worthless for a profit of +0.75. I am still long January 17.50 calls.

I’ll be looking to write calls on KO and T against the existing January long positions.