What I am doing
There are several stocks that I want to buy
CF
ATW
WLT
MVL
ETFC
I am being cheap and hoping for a pullback that has yet to come.
What I may do is buy a bunch and then write the covered calls. For example, CF ~$110. Buy 100 shares and then write the covered call May $120 for $7.80. I do expect them to hit $120, so that would net $17.80 or ~16% in 2 months.
I think it's time to migrate what I've been doing personally into LiveRocket.
CF
ATW
WLT
MVL
ETFC
I am being cheap and hoping for a pullback that has yet to come.
What I may do is buy a bunch and then write the covered calls. For example, CF ~$110. Buy 100 shares and then write the covered call May $120 for $7.80. I do expect them to hit $120, so that would net $17.80 or ~16% in 2 months.
I think it's time to migrate what I've been doing personally into LiveRocket.
posted by Andrew at
12:09 PM
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