Today's Covered Call 7/25/16
SOXL (Semiconductor ETF)
Buy 100 shares @ $34.73
Sell to Open $33 Call @ $2.95, exp 8/19/2016
If assigned, the return is $122.00
3.8% in 25 days or 56% annualized, 8.5% downside protection
7/25/2016 UPDATE: EFFECTIVE 8/1/2016 -TRADES WILL BE POSTED AFTER 3 DAYS. DONATE ANY AMOUNT TO RECEIVE TRADES REALTIME FOR 30 DAYS.
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Sample trade that you would receive in your email.
May 17, 2016
Buy 200 shares of Skywest Inc. (SKYW) @ $23.71.
Sell to Open 2 Calls, June 17, 2016, strike $22.50, price $1.70.
Receive a credit of $340.00
If SKYW is above $22.50 at exp the stock will be called away and
we will retain a final credit of $140.00 for a return of 3.2%.
If SKYW is below $22.50 we will keep the shares AND the credit of
$340.00. Our shares will have an adjusted price of $22.01.
(This trade was a successful income trade. SKYW closed at $24.78 on
June 17, 2016).
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