Monday, October 21, 2013

Options Expiration - BBVA



I'm long BBVA and have been selling puts for over a year.  The stock has rallied since the Spanish banking crisis that was going on around last summer.  They are one of my top performing stocks and they keep hitting 52-week highs.  I'm currently keeping BBVA as a longer term holding.  I am a little biased as I bank with them and they financed my mortgage.  They do still pay a nice dividend.

The original trade:

03/26/13 Sold 3 BBVA Oct 19 '13 $8 Puts @ 0.75; posted here

I would have been happy however this trade turned out.  Since BBVA went on a huge run, the option expired over the weekend worthless and I kept the full premium of $225.

I currently have 7 open options positions and have a total YTD options profit of $4149 before commissions. I have closed out 41 options so far this year.

My options page has been updated accordingly.

No comments:

Post a Comment