Autozone is one of the stocks on my recent watch list. I bought options against AZO in two of my accounts and at two different strike prices so, I listed them separately. The sell off in the market over the last week or so started making this a losing trade for me. Luckily today’s rally gave it the boost I needed.
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
|2 Mar 540 calls||3.40||680.00||6.00||1,200.00||10.00||510.00||75%|
|20 Mar 500 calls||17.50||35,000.00||24.70||49,400.00||40.00||14,360.00||41%|
My charts for this trade: