October 22nd option expiration

Busy week, so I’m just now getting caught up on last week’s (October 22) options expiration.

I already tweeted about the WLT 75 calls expiring worthless. I then wrote 80 calls (expiring October 28).

I was short BEXP 25-strike calls so my shares were called away. Total profit +2.00. Those who had unencumbered long shares made a killing with the announcement of the takeover. I kind of hate to see BEXP bought out as it was a great stock for trading and option writing.

I was short JWN 46 calls, and so was assigned a short position in the shares. This position is hedged by a long position in January (2012) 35 calls. Profit on the written calls was +3.03.


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