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
|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%|
My charts for this trade: