And yet another catch up on trades completed but not yet blogged about. A position using MBIA Inc (MBI) as the underlying is the last of my covered calls done within the GI portfolio for November expiration. Sadly, it’s been too long since I initiated the position for me to remember exactly why I went ahead with this trade. Which is really another way to say I may be doing too much experimentation and not enough of sticking to a plan.

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Continuing my catch up on recent trades, I did another covered call against AFLAC (AFL) for November expiration. This time, I stepped back from using a screening tool and simply looked for an opportunity where the underlying position was something I’d feel more comfortable holding for a couple months if I got caught holding it past expiration.

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I’ve been *real* busy the last couple weeks and am finally getting a chance to catch my breath and post a few things to my blog. Since I’m trying to use my blog as a record of my attempts to grow my “Geographic Independent”-qualified income, and I’m still selling covered calls in my quest to learn about options trading, that means I should have written about my recent trades already. Better late than never I guess.

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In yesterday’s post, I wrote a little bit about what I’ve learned while researching an options strategy of trading long puts against high volatility equities. Today, I’m providing a concrete example of the strategy and my thought processes along the way.

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October’s option expiration was this past weekend, and like last month, we had three covered calls in play that ended with this month’s expiration. Two of those got assigned (AIG and Intel) and one simply expired (Eastman Kodak), thus we did reasonably well in matching our maximum profit. But before I provide that summary, let me digress with a little summary of what we’ve learned so far in trading covered calls.

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