Adjust DDOG, Position Update AAPL, TEAM, NUAN
Expiration Friday of our April Cabot Profit Booster Positions went largely as expected.
Apple (AAPL) closed above the 245 strike that we sold and we collected our full profit of $2,300 per covered call executed, or a yield of 10.22% in just over one month’s time.
We no longer own a stock or option position in AAPL.
Atlassian (TEAM) closed above the 150 strike that we sold, and over the course of two months of selling options we collected $970 in call premiums, or a yield of 7% in two months time.
We no longer own a stock or option position in TEAM.
The Datadog (DDOG) April 43 calls that we sold expired worthless on Friday, and we collected the full $430 per call sold. However, because the stock closed below the strike price, we still own our stock position.
This morning we are going to Sell to Open the DDOG May 43 Calls for $1.75 or more to further lower our cost basis on this stock position, and create yield.
The Nuance Communications (NUAN) April 23 calls that we sold expired worthless on Friday, and we collected the full $70 per call sold. However, because the stock closed below the strike price, we still own our stock position.
This morning we are going to hold off on selling a new NUAN call as the liquidity and price is not at levels that I want to sell. That being said, be on the lookout for a new call sale idea in the days to come.