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S&P 500: 1,317.11 Change: -0.21%
rjm77me
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 : Decent 2% return on safer covered call play in 20 days

Date July 28, 2011    Comments Comments (1)    Rate this post Recommend This Post (45)   
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Buy CSx ansd sell Aug 25 calls for a max of debit of 24.30


Calls expire in 20 days - stock gets taken away if it closes above 25 on expiry date and you keep 50 to 70 cents depending on trading costs


or one can buy back the call and write another one befre expiry date Aug 19


Please do your own home work

Tags : CSX  

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Author rjm77me     Date July 28, 2011 11:46 Abuse this post Report Abuse
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ING offers 4% potential return on covered call stock at 11.01 aug 11 call s at 59 cents / 60 cents ask
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