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

TOTAL PROFIT

    2.35   2,350.00  10.00 2,340.00

2,184.10

3.9%

My current charts for this trade:

130304 HLF

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

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