Updated
OPENING: MIFI COVERED CALL
I'm working a lot of these out of a "weenie" account, so a lot of these are going to be "weenie" sub-$10 plays ... .
Metrics:
Bought 100 Shares at 3.30
Sold Oct 21st 4 call
Whole Package: 2.95 db (2.95/share is my cost basis)
Max Profit: $105 (if called away at $4)
ROC: 35.6%
Metrics:
Bought 100 Shares at 3.30
Sold Oct 21st 4 call
Whole Package: 2.95 db (2.95/share is my cost basis)
Max Profit: $105 (if called away at $4)
ROC: 35.6%
Trade closed manually
Covering this at open for a 3.24 credit on this pop. Net profit $22/contract (7.5% ROC). Small winner that I'm frankly glad to see the back of; it isn't the most liquid thing in the world.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.