A few highlights/lowlights from this week.
- The naked put sale of the Japanese ETF expired worthless, thereby generating the small amount of income as planned.
- With Waste Management closing Friday's trading at $29.40, the naked put sale was assigned and we are the proud owner of a lot of Waste Management shares at an effective cost of $29.30. Not in a rush to get rid of this stock as it is now paying a 4.6% dividend, but if option volatility remains high we will likely look to write a covered call against this position to try to add to the income stream.
- Most of the other positions are not too changed despite all the noise of the week except for the Bank of New York which is down. Still believe that this somewhat unique bank stock is caught in the down draft of more traditional banks that have with a more risky position in the industry, but as of now this is a loser.