The Trade
For the last 3 month TECK has not moved a lot. It sits in the middle of the trading range. I bought 100 shares for $32.95, and sold next weeks 31 Call for 85c. If not called out the return is 85c/$32.95=2.5%.
If called out next Friday, the return is 90c/$32.95=2.7%
If called out next Friday, the return is 90c/$32.95=2.7%
Looking foward
Sit back and relax and drink a cup of tee.
Disclosure
I have been beneficially long the shares in TECK and short the call in TECK. I wrote this article myself and it expresses my own views and opinions. I am not receiving any compensation for this. I have no business relation ship with any company whose stock is mentioned in this article.
I am not an investment advisor or professional. This article is my personal opinion and experience and is not meant to be a recommendation of the purchase or sale of a stock or option. Investors should conduct their own research before investing to see if the companies discussed in this article fit into their portfolio parameters.
No comments:
Post a Comment