The Trade
The trade was entered last week. On Fri TECK closed at $33.96. I am going to loose my shares. Perfect. The plan worked. $85 from the call +5$ = $90 return on $3,295 invested for 2.73% for 1 week.
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.
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