ACH covered call positions got called out this month for a 6% gain. No complains here. INTC share prices are now above their purchased price which is well just great. CSCO, DELL, NVDA & GG are still below their purchased price but are climbing back up in tandem with the overall market sentiment. In any case, secondary calls were written & income generation continues. The rule remains....no stocks will be sold for a loss. These stocks are viewed as assets which allow income to be generated. The May N225 19000 calls options expired worthless as the Nikkei 225 index was no where near 19000 on expiration day(2nd Friday of the month). Same goes for the May ER2 660 Puts which expired worthless as the Russell 2000 index closed at 823 on expiration day(3rd Friday of the month). Jun 19000 N225 & Jul N225 20000 Calls & Jun ER2 630 Puts were written to achieve the income target for Jun(target is 4% against account). Overall another great month in May. Looking to open new trades for ACH & Aug N225 calls.
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