A quick look in my closet will tell you I LOVE Coach! Most of the money I make on trading the stock probably goes into buying purses. Well, I really LIKE the stock. No, I don’t love it. That would just be weird. No… I do not have an issue… moving on…
At the end of March, I bought 1,000 shares of Coach stock at 49.85. In April, I sold 10 55 May call contracts at $2.25. Friday was expiration day for those options and I was called out of the stock. For those new to options ‘called out’ means the stock was at or above the price I had agreed to sell for (55) on Friday and the stock was sold to someone else for $55/share. So, I made the difference (55 – 49.85 = 5.15) and the option premium (2.25) per share.
Here’s a look at my what I made from this trade:
|# Shares or Contracts||Purch Price||Capital Out||Sell Price||Capital In||Comm & Fees||Gain / Loss||
% Gain & Loss
My charts for this trade: