Option Trades - June 19, 2015

ASHR stock price has dropped 12.6% for the week.  I am now in the money for my $50 put option and Implied Vol. and delta has been increasing (which it should).  My gain since I purchase the put is 59%. Not a bad week.

Josh thanks for talking about the China mainland stock market and how over priced the stock are (was around 275 EPS).

GLW

My June 19, 2015  $21 put was in the money and I will be buying 4000 shares of GLW (I sold 4000 for $23 late in 2014 and have sold 4 different puts since January 1^St this is the first one to finish in the money). Early next I will be selling 40 (4000 shares) call options at $21 or $22 30 or 60 days out. This will continue my wheel of fun strategy with GLW.

COP

I am still looking for COP to go below $62.50.  When it does I will be selling a %

$60 put to re-start my wheel of fun strategy on COP. At $60 COP pays a 4.50% dividend.  Currently I own 1000 shares of COP and I write calls when the stock price goes over $67.50.

Until next week and have a great week trading.

Paul