by billb
14. August 2008 18:45
I've been known to put things in the book too early, but I think it's safe to say that my C calls are going to expire tomorrow. So now the total premium collected so far is $90 per call. The $20 strike was probably a little too close based on volatility, but I squeezed out with a profit. For a quick recap, I sold the $22.50's for $40 and was assigned as C continued to plunge. I sold the August $20 for .50. I've got my eye on the $22.50's for September. I would like the juicy premium for the $20's, but overall that would lock in a loss if assigned. The $22.50's are selling for ~.20. That would give me a 1% return for the month. Not bad, but not super hot either. My other alternative is to wait and hope that C rebounds a bit more and either the $25's look good or the 22.50's beef up so that the monthly return looks a bit more attractive. I haven't made up my mind yet and there's still another full day of trading tomorrow to see where things end up.
Be the first to rate this post
- Currently 0/5 Stars.
- 1
- 2
- 3
- 4
- 5
Tags:
Options