Earlier this month I purchased 1k shares of GE stock for a covered call trade. The stock has a trend of rising a week before its October earnings release date (which was 18 Oct) and an overall rise from October through the end of the year so, keep your eye on this one. The stock (and the overall market) started to decline after I purchased it so I bought some put options during the decline to help recover some profits.
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
|10 Nov 25 Calls||–||–||0.45||450.00||10.00||440.00||1.9%|
|10 Nov 25 Puts||1.41||1,410.00||1.58||1,580.00||20.00||150.00||10.6%|
My charts for this trade: