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Expiration Friday tomorrow – collecting gains and creating a ladder

Expiration Friday tomorrow - collecting gains and creating a ladder

Tomorrow is expiration Friday. My favorite day. Tomorrow I will officially collect my gains. Although I collected them physically a few months ago when I opened my options trades, those gains were still in jeopardy of being wiped out. Tomorrow those gains will be mine forever.     (MORE: Options Assignment – Southern Company (SO)) Continue reading →

Posted by Martin May 20, 2013

Trade Adjustment – 8×8 Inc. (EGHT) new covered call

Trade Adjustment - 8x8 Inc. (EGHT) new covered call

Last Friday (05/17/2013) was the last trading day before options expiration day. I had two options in play for this month. one of them was a covered call for EGHT. This stock broke above the strike price for several times before expiration, but at the end ended below it, so my covered call expired worthless. Continue reading →

Posted by Martin February 20, 2013

New Trade – 8×8 Inc. (EGHT) covered call

New Trade - 8x8 Inc. (EGHT) covered call

My MBI covered call trade was cleared this Saturday with a nice gain. This released some cash and I am looking for another opportunity to make some cash. I found 8×8 Inc. (EGHT) stock which seems to be a good candidate to deliver a profit. The stock recently corrected and is considered undervalued based on Continue reading →