Username Password
About People & Picks | Help | Sign up
Home My P&P People Picks Tops Blogs Groups
S&P 500: 1,317.11 Change: -0.21%
rjm77me
rjm77me vip
P&P Score: 99.94   Points: 616.65   Accuracy: 77.28%   Average Pick Score: 0.89   Annual Return: 32.85% (94.05% since 7/16/09)  

rjm77me's Blog : BTU - covered call play

Date April 5, 2010  Edited: April 5, 2010    Comments Comments (1)    Rate this post Recommend This Post (79)   
Bookmark and Share
Abuse this post  Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
Share ThisShare This
Free Options Trader Guide
BTU is showing weakness as the company had made a bid for Australian coal company last weak. All other coal stocks are up 3 to 4%.
I am buying BTU at 45.80 and selling April 48 call for 60 cents (or $60). This contract expires in 11 days. Reasonable risk and reward per my views.
I will use BTU as month to month covered call play till the stock is taken away or loss exceeds 5%
Please do your own home work.

Please recommend the post if you want to see blog on similar trades

I also bought YGE at 12.39 and sold April 13 calls for 20 cents ($20 credit per contract). I will seller of calls month to month and get out of trade if there is 5% loss

Tags : BTU   YGE  

1 Comment(s):

Author rjm77me     Date April 7, 2010 11:39 Abuse this post Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
Both trades are OK so far up 3 to 5% in three days
Want to comment on this post? Sign up now. It's FREE!
Already registered? Log In.
Sponsored Links
©2008-2012 PeopleAndPicks.com | Terms of Use