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Saturday, March 7, 2015

Short Weekly Puts Position in Delta Air Lines, Inc. is Assigned

The Covered Calls Advisor's 100% cash-secured Puts position in Delta Air Lines Inc. (ticker symbol DAL) ended at the market close yesterday with the price of Delta stock at $43.78, which was below the $44.00 strike price.  Therefore, the three short Puts were assigned and 300 shares of DAL have now been purchased at the $44.00 strike price.  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 shares now owned. When a trade is made, it will be posted on this blog site on the same day that it occurs along with the details of this DAL position to-date.