New CC Trade: COST

Costco is another stock I purchased for a covered call trade this month. I bought 400s as this stock has a trend of rising for 4wks from early Oct to early Nov. I also bought puts against this position to recover some profits during the decline in the market.

Here’s a look at how I did:

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

% Gain & Loss

400s 114.45 45,780.00 115.00 46,000.00 5.90 214.10 0.5%

4 Nov 115 calls 3.40 1,360.00 5.00 1,355.00 3.0%

 4 Nov 115 Puts 3.96 1,584.00   5.50  2,200.00  10.00 606.00  38.3%

TOTAL PROFIT 2.176.10 4.6%

My charts for this trade:


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Screen Shot 2013-06-18 at 8.07.12 AM


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