When I post the trades, I will not post them when I enter them. I am not giving financial advise. I will update the trades here until I get called out.
Acronyms:
BTO = Buy To Open
STO = Sell To Open
BTC = Buy To Close
STC = Sell To Close
The trade
Date: Feb. 15
BTO 100 shares KO for 61.52
STO 1 call contract March 25, 64 strike for 45c
STO 1 put contract March 25, 57 strike for 40c
Total credit $0.85 or $85 on a $6152 investment for 38 days. This is a 1.38% return for 38 days.
Now it is time to let the trade work. The order to buy back the short options for 2c are in the system.
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