As expected my SPY (position 1, position 2) , IEF (dividend capture) , and USO (position 1) ITM covered call positions were assigned this weekend. My Nov 42 USO calls expired worthless, so I still hold USO in that position. I'm hoping for a bump up in oil prices, hopefully enough to get USO back near 42, before I sell calls against that position again.
I also still have my XLY position, it closed Friday at 28.69, so the Nov 29 calls I sold last week zero'd out.
I expect the market to have a couple more down days, plus I prefer to not be invested in calls with 4 weeks to go before expiration, so I plan to primarily be in cash this week.
Sunday, November 22, 2009
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