September 2009 Options Expiration
I had the following options expiring in September.
Energy Conversion Devices, Inc. (ENER) – I sold ENER September puts back on July 23rd in my taxable account. This is a 2 month net return of 7.54%.* I sold ENER October 13 puts on September 17th once I was confident the September puts would expire OTM.
I also hold ENER in my IRA and had some September 16 calls expiring which I sold on August 10th. This is a 6 week net return of 4.64%* and lowers my cost basis to $13.01.
ENER Hourly
United States Natural Gas (UNG) – I had September 14 calls expiring that I sold back on August 10th in my taxable account. This is a 6 week net return of 4.95%.* and brings my cost basis down to $11.52. I sold some UNG Oct 12 Calls in my IRA on Friday, September 17th before close.
UNG Hourly
RTI International Metals, Inc. (RTI) – I sold to open RTI Sep 17.50 puts back on August 4th. This is a 6 week net return of 6.24%.*
RTI Hourly
Smith International Inc. (SII) I sold SII September 25.00 puts back on August 13th. This is a 5 week return of 2.77%.*
SII Hourly
Basic Energy Services, Inc. (BAS) – I sold BAS Sep 7.50 puts on July 24th. This is a 6 week net return of 15.23%*.
BAS Hourly
I closed out these September options prior to expiration:
- CardioNet, Inc. (BEAT) on 9/17
- Carpenter Technology Corp. (CRS) on 9/4
- JA Solar Holdings Co., Ltd. (JASO) on 9/16
- TBS International Limited (TBSI) on 9/9
* The return is calculated using the premium I received from the sale of the options (less commissions) and the capital required to pay for their possible assignment.