Friday, November 18, 2011

11/18 Covered Calls

This daily posting tracks my covered call plays for November and other base positions.

Today -- Friday -- is the last trading day before November options expire.

I think my November covered calls will turn out like this:

Likely exercised: DFS, EWZ, FCX, GMCR, HAL, SLV and XOP.

Likely retained: BIDU and RIMM.

Could go either way: LVS, NLY and XLF.

I'll screen for the December covered calls over the weekend, although I probably will delay entry until Tuesday or Wednesday, in case the congressional super-committee fails to cut the budget and causes a market melt-down. (See today's story in the The Guardian.)

Monthly Covered-Call Positions
expiration Nov. 19

BIDU 144.16 145 6.05
DFS 23.60 21 2.92
EWZ 59.34 55 5.20
FCX 43.08 32 11.20
HAL 38.78 29 9.78
NLY 17.96 16 0.52
RIMM 23.33 21 2.96
SLV 30.76 28 2.96
XLF 13.14 12 1.33
XOP 53.22 48 6.35

Weekly Covered-Call Positions
expiration Nov. 19

GMCR 111.77 42 1.69
LVS 47.22 47 1.06

Other Base Positions

  • Long shares: CBM, PCCC, PKOH, TAST.

About my trading methods

Read a detailed explanation of my analysis method, including trading rules. These don't, at present, discuss my covered call strategy, which is under revision.


Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.

No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decision decisions for his or her own account, and take responsibility for the consequences.

The trader’s greatest sin is inaction. Sleeper, awake! Seize the Nietzchean moment. Roll out of bed and trade.

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