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rjm77me
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rjm77me's Blog : Cover call Play - Buy X Sell Nov 24 calls

Date October 26, 2011    Comments Comments (4)    Rate this post Recommend This Post (32)   
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X is showing short term / long term weakness and offeres reasonable risk and reward


Buy X on any dip tomorrow and sell Nov 24 calls


Stock closed today at 22.29 and Nov 24 calls can be sold for 90 cents


Best situation stock goes to 25 and is taken away with a potential return of 10% in four weeks

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4 Comment(s):

Author rjm77me     Date October 27, 2011 11:04 Abuse this post Report Abuse
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X went up with market so held fresh buy today
I had bought X Nov 25 calls for 68 cents yesterday
I sold Nov 26 calls today for 61 cents - means I have 7 cents riding in market for 60 to 90 cents return
Author rjm77me     Date October 28, 2011 11:18 Abuse this post Report Abuse
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Taking profit on X 111028C25
X 111028C26
sold for 80 cents for 7 cents investment
Author rjm77me     Date November 2, 2011 10:26  Edited: November 2, 2011 by rjm77me Abuse this post Report Abuse
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X did quick recovery, above buy point - see monday real time trades
Author rjm77me     Date December 26, 2011 18:15 Abuse this post Report Abuse
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X - COVERED CALL PLAY HAD WORKED FOR LAST TWO MONTHS
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