CF assigned, ETFC Not assigned - waiting to write more call options
CF was assigned and we received $130 per share.
The 1000 shares of ETFC was not assigned - meaning that the market did not exercise the call options and we are free to write some more.
We could get $0.30 right now for the May $4.
Our purchase was $4.07 and we netted $0.35, making our current cost basis $3.72
If we write the calls today, we would bring the cost basis down to $3.42. If they get assigned in May, that is a 17% profit in 6 weeks.
I think ETC will actually rise >$4 in the next week, so I will keep the powder dry.
The 1000 shares of ETFC was not assigned - meaning that the market did not exercise the call options and we are free to write some more.
We could get $0.30 right now for the May $4.
Our purchase was $4.07 and we netted $0.35, making our current cost basis $3.72
If we write the calls today, we would bring the cost basis down to $3.42. If they get assigned in May, that is a 17% profit in 6 weeks.
I think ETC will actually rise >$4 in the next week, so I will keep the powder dry.
posted by Andrew at
7:16 AM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home