I was "short" 5 x 140 March Calls (covered by 5000 shares in the stock). These contracts expired at 10.30 a.m today. The share price was 127.3p at the time. So I keep the shares because only an incompetent would buy the shares from me at 140p (the Call strike) when he can buy them in the market at 127.3p. And I keep the £316 that I received when I opened the contracts in October 2010. I could now sell 5 more contracts in the June or September series at the same strike price (140p), but I will wait a to see if the shares recover following the recent slide in the UK markets. At the present time I would get less than £30 per contract for the June 140 Calls and little more for the September 140's. Watch this space.
Monday, March 21st. I renewed the 5 x 140p Calls which expired last Friday. I am now "short" 5 x 140p Calls in the September series, expiring on 16th.September. I received 6.25p per share for this opening sale. I have now paid 121.08p per share net of all expenses. The shares are valued at 133.6p at the present time, so even if I the Call contracts are assigned against me, I have an assured profit of nearly £950.
Monday, March 21st. I renewed the 5 x 140p Calls which expired last Friday. I am now "short" 5 x 140p Calls in the September series, expiring on 16th.September. I received 6.25p per share for this opening sale. I have now paid 121.08p per share net of all expenses. The shares are valued at 133.6p at the present time, so even if I the Call contracts are assigned against me, I have an assured profit of nearly £950.
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I don't leave comments on blogs that use Word Verification. Ditto blogs which I know have Comment Moderation applied. Life's too short and I'm too busy makin' money and what the Hell are these people scared of anyway? If you don't like some creep's comment . . TRY DELETING IT! You have that privilege.
And I never read unpunctuated so-called poetry. I don't understand why self-styled poets think it's clever to make their work difficult to read/understand.