This month's updates after options expiration weekend were easy once again. My FXI shares were exercised away when they went through their covered calls' strike price, so I bought almost all of them back in a wash sale and let some go to capture a long-term capital gain. I renewed my covered calls on what remained.
I also renewed my covered calls on the shares of TDW and GDX in my taxable account. The GDX shares I hold in my IRA were exercised away; like FXI, I let some go and repurchased the rest (with renewed covered calls).
I continue to hold ATHR with covered calls and cash-covered short puts in anticipation that its merger will be completed as planned.
I am still long some California muni bonds that will mature in a few months. I will not buy any more this month. The S&P outlook warning on U.S. government debt that came out today is an admission that debt levels are unsustainable. I expect interest rates to rise at some point, maybe sooner than we'd all like.
I hope the rest of you filed your income tax returns by today. My covered call writing (as described above) provided a big chunk of my capital gains in 2010. Happy Tax Day, America.
I also renewed my covered calls on the shares of TDW and GDX in my taxable account. The GDX shares I hold in my IRA were exercised away; like FXI, I let some go and repurchased the rest (with renewed covered calls).
I continue to hold ATHR with covered calls and cash-covered short puts in anticipation that its merger will be completed as planned.
I am still long some California muni bonds that will mature in a few months. I will not buy any more this month. The S&P outlook warning on U.S. government debt that came out today is an admission that debt levels are unsustainable. I expect interest rates to rise at some point, maybe sooner than we'd all like.
I hope the rest of you filed your income tax returns by today. My covered call writing (as described above) provided a big chunk of my capital gains in 2010. Happy Tax Day, America.