Exactly a week ago, I sold an AIG Nov 45 Call @ $4.85. AIG was traded at high $43 then. Thanks to recent drop, I closed this call today at $2.87. A net gain of ~4% in a week. I am quite happy with this trade even though I am fully aware that potentially AIG could drop further from here. I am trying to lock in on the profit for my Nov target.
On a separate note, I sold STP Dec 16 Put @ $2.05. This is a potential 5.5%/month gain. Hope my choice is right.
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