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Call Writing Strategy Part 24 - May Expiration

|Includes:EBAY, FCX, GILD, Micron Technology Inc. (MU), NUAN

The May series of options expired today and with that expiration, the (NASDAQ:GILD) position that was executed on April 28th was called away. The yield for that 3 week holding period was 3.8% as it generated $1,146 in total income.

The portfolio has now garnered $24,000 in profits since inception on June 5th '13. The starting investment at that time was $100,000.

(click to enlarge)Click to enlarge

We now have $89,000 invested, leaving room to add another position next week. The (NYSE:FCX) position remains uncovered, as I wait for a rebound in the share price - in the interim we will collect the 4% dividend while we wait.

This is an actual portfolio - all trades are documented here on this blog.

Best of Luck to all..

Disclosure: I am long MU, GILD, FCX, EBAY, NUAN.

Additional disclosure: I am long numerous equity positions all can be seen here in this blog....

Stocks: MU, GILD, FCX, EBAY, NUAN