Search This Blog

Thursday, February 19, 2015

Short Weekly Puts Position in Delta Air Lines Inc. Assigned

Yesterday was the March 6th weekly options expiration.  The Covered Calls Advisor's three short Put options position expired with the price of Delta stock below the $44.00 strike price (i.e. at $43.78).  So, 300 shares of Delta (ticker symbol DAL) were purchased at $44.00.  A decision will be made early next week to either sell these shares or to establish a Mar2015 covered calls position by selling three Call options against the 300 DAL shares now owned. When a trade is made, it will be posted on this site on the same day that it occurs along with the detailed transactions to-date for this Delta Air Lines position.