Sold SNDK Calls

Early last week I purchased 1000 shares of SanDisk for this month’s covered call trade. Friday, I sold the July 60 call options on my position for $2.35. On this particular trade, I am selling the stock for 15 cents less than what I paid for it but, I’m ok with that given the premium (cost) of the options contracts.

Here’s a look at my potential profit if called out on expiration Friday (19 July):

# Shares or Contracts Purch Price Capital Out Sell Price Capital In Comm & Fees Gain / Loss

% Gain & Loss

1000 shares 60.15 60,150.00 60.00 60,000.00 5.90 -155.90 -0.3%
10 contracts


    2.35   2,350.00  10.00 2,340.00



My current charts for this trade:

130304 HLF


What do you think? Let me know in the comments!

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s