Short and sweet today – I only had one position left to expire today, two XLF September $24 naked puts. XLF is trading around $24.73 as I write this post mid-afternoon. Too bad I didn’t sell more than two contracts. I’ll walk away with a realized gain of $145.61 as these puts expire worthless.

Late last week XLF traded as low as $23.80 and I planned to re-write $24 strike naked puts. Now, the November $25 puts are showing a bid/ask of $0.71/0.73. I’m tempted to sell a couple of these new puts, but will assess next week and decide if I can find something better. I have too much cash not being put to work right now, so I’ll have to do something to increase my gains for the year.

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