February Expiration – LVS, WPM, AAL, ONON, DT
Very quickly I wanted to update you that we will not need to adjust any of our February covered calls today. Here is what I mean …
Our LVS and WPM covered call trades will very likely expire for full profits today. You do not need to address the stock or option positions, and come Monday morning we will no longer own a position in either stock.
Somewhat similarly, we won’t need to address our positions in AAL, ONON, and DT today, as the options we sold will likely expire worthless, and then come Tuesday/Wednesday of next week (Monday is a market holiday) I will decide if we should sell a new call, or simply sell out of our stock position.