I just did a “Buy-Write with U S Steel (X). I bought 1000 shares of the stock at $22.80 and I sold a Call which will expire next Friday July 21st. I went with a 10 day Call instead of a 3 day Call because I didn’t like the premiums for the Calls expiring this Friday. And I really liked the 70¢ on a $22 stock for a 10 day deal. The premium alone is a 3% return. If I get assigned the return will be better. This is a Covered Call so it’s a Risk Factor 1.
U S Steel Buy-Write
Buy 1000 Shares X @ $22.80
Sell to Open 10 X 7/21/17 $23 C @ 70¢ (+$700)
I have a few more trades to report that I couldn’t because of my computer problem. One was made on Monday and the other on Tuesday.
Micron Covered Call
7/10/17 – Buy 2000 Shares MU @ $30.08
7/10/17– Sell to Open 20 MU 7/14/17 $30.50 C @ 50¢ (+$1000)
Weight Watchers Covered Call
7/11/17 – Buy 1000 Shares WTW @ $34.88
7/11/17– Sell to Open 10 WTW 7/14/17 $35.00 C @ 65¢ (+$650)
I’m all caught up with my post.
Any questions, send an email.
Know the Option Order Form!
Have a good day!
Steve
The Options Coach