Several positions expired over the weekend.

music selection:  “Treat Me Right” — Pat Benatar

weigh-in:  196.6 +0.8

I have four positions to roll forward today.  Those are Lam Research (LRCX), Blackstone (BX), Target (TGT), and Michael Kors (KORS).  Today’s trades average an expected yield of 22.72% and generate 1,094 in fresh premiums.

Lam Research (LRCX) is a diagonal call that could be working out better. After today’s new short call, I am down 1,958 in the trade.  I sold LRCX180907C00225000 for 40 cents a share.   The trade will be in force for 40 days and yields an expected annualized return of 2.81% against my cost basis of 129.80 a share.

Shares of Blackstone (BX) were called away over the weekend.  I am re-entering the trade with a cash secured put.  I sold BX180907P00035500 for 88 cents a share.  The trade will be in force for 40 days and yields an expected annualized return of 22.62% while enjoying 1.90% downside protection.

Puts in Target (TGT) expired out of the money over the weekend.  I am re-entering the trade at a higher strike.  I sold TGT180907P00080000 for 2.70 a share.  The trade will be in force for 40 days and yields an expected annualized return of 30.80% while enjoying 3.53% downside protection.

Finally, shares of Michael Kors (KORS) were assigned over the weekend.  I am writing covered calls against these shares for additional income.  I sold KORS180907C00068500 for 2.60 a share.  The trade will be in force for 40 days and  yields an expected annualized return of 34.64%.

Devour your prey raptors!