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A Minor Disappointment

  • Dan
  • Feb 5
  • 1 min read

Updated: Feb 6


After writing quite a few puts on AMD, and being assigned a few times... I'm now holding 300 - currently below my cost basis. I bought in for $146 - but that doesn't include premiums received..... I've received to date $5400usd in calls/puts against AMD over the last few months. Dividing that by the 300 shares I now have is $18. So including the premiums, My cost basis would be $128. AMD was $118 during the day today, when I wrote 3 more covered calls at a $130 strike for $1.75 with 3 days to expire... The price fell to $108 soon after I wrote, so I'll be able to close those out for next to nothing. Still.... looks like I'll be bag-holding this one for a while. I'll try to keep writing weekly calls on this until these get assigned away from me.


Edit:

We dropped some more overnight, and those three calls were worth 0.02 with two days to expiry, so I closed them out, keeping about $520 total.

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