BOUGHT PGNX COVERED CALL

2016년 7월 19일

Did this little fella shortly after open ... . It popped up on Dough's High Options Volume Grid with a rank of 100 and an implied volatility percentage of >100%.

Bought 100 Shares at 5.31
Sold the August 19th 6 call
Whole Package: $463 (so 4.63/share is my cost basis in the stock)
Max Profit: $137 if called away at $6 ... .

Notes: Most people use covered calls as part of a longer-term investment strategy for underlyings that they want to be in as "investments." Naturally, you can do that, too, but here I'm just looking at this as a "trade" while I twiddle my thumbs, waiting for VIX to show some signs of life for my usual bread and butter trades ... .

2016년 7월 19일

노트

Down 3.78% during regular market hours; up 36% to 6.75 AH on approval of opiod-induced constipation drug.

2016년 7월 21일

매매 수동청산

When the market gives you 20% in one day, well, you take it ... . Here's the chain:

Opening: Bought for a 4.63 debit ($463)
Closing: Bought 6 short call for .70 debit ($70)
Closing: Sold 100 shares at 6.26 credit ($626)

6.26 cr - 4.63 db -.70 db = .93 credit/100 shares ($93) or 20% ROC