Hi again everyone,

Wow, today is the first day of Autumn here! Feels like it too with a little chill in the air…still, I think there will still be some hot days ahead of us!

Just wanting to give you all a quick update today, as it was options expiry last Thursday (I know, I’m a little late), and the only position I have open at the moment is LGL - Lihir Gold. Since I placed this trade the stock really hasn’t done too much at all…just going sideways pretty much, but as the stock price was under my sold strike, I had to roll the position out. I choose to roll out to April as it gives the trade a better chance to work out, and also it cost me less to do this, than to simply roll to March.  As you can see on the worksheet below, it cost me only .025 cents to do this roll, which still gives me a good result and if I’m exersised, I’m happy to own LGL at my strike price.

LGL Worksheet - April Rollout

The market has been quite difficult to guage of late which is one reason why I haven’t put on any more put spread trades just yet. I have been exploring some other income strategies as I mentioned in my last post, but I’m still not comfortable sharing them as yet, as I really want to make sure I have them covered properly before I start spuiking about how wonderful they are.

So until next time, as always Happy Trading and remember…

Mum’s the Word!