We have three positions expiring today.
Our iShares Global Clean Energy ETF (ICLN) call is on track to expire worthless. We will sell another call against our shares soon to reduce our cost basis.
Our SPDR S&P Regional Banking ETF (KRE) put is also on track to expire worthless, allowing us to book the maximum profit.
Pfizer (PFE) is trading right around the strike price of the call we sold. If the stock closes above $40, our shares will be called away at a profit. If it closes below that level, our call will expire worthless, and we will sell another one soon.
ICLN May Week Two (5/14) 22.50 Call
Current Stock Price: $21.57
Cost Basis: $23.85
Action: Watch call expire worthless
KRE May Week Two (5/14) 68.50 Put
Current Stock Price: $70.43
Cash in Hand: $0.46
Action: Watch put expire worthless
Profit: $0.46, or $46 per contract
Rate of Return: 0.7% in four days, or 61% on an annualized basis
PFE May Week Two (5/14) 40 Call
Current Stock Price: $40.15
Cost Basis: $39.26
Action: Watch call expire
Profit (if called out): $0.74, or $74 per contract
Rate of Return (if called out): 1.9% in 11 days, or 63% on an annualized basis