This is a little gold miner than came up on my high implied volatility screeners (the others were AUY and KGC).
Metrics:
Bought Shares at 5.82
Sold Oct 21st 6 call
Whole Package: 5.35 db
Max Profit: $61
ROC: 12.1%
Metrics:
Bought Shares at 5.82
Sold Oct 21st 6 call
Whole Package: 5.35 db
Max Profit: $61
ROC: 12.1%
Comentarios:
The Oct 21st 6 call has done its job, so I'm covering it here for a .05 ($5) debit and selling the Dec 16 5.5 for a .37 ($37 credit). This is farther out than I like to go, but wanted to get something "decent" for a short call that is still above my cost basis. Cost basis now is 5.03 per share.
Operación cerrada manualmente:
Covering here for a 5.37 credit. With 38 DTE, the diff between the call away price 5.50 and current price (.13/$13) isn't worth "hanging out for." $32/contract net profit after fees and comms.