Did a buy-write of SPY, SPY at 103.10 and sold-to-open 102 Oct calls (SWGJX) at 2.64 for a net investment of 100.46. To create the position I did consecutive market orders because the spreads were low.
Monday, October 05, 2009
Trading the Trendline - SPY Covered Call
I don't believe the past predicts the future, but I do believe that investors look at patterns and believe that they will be repeated--creating self fulfilling prophecies. We'll see... (click on chart to enlarge)
Did a buy-write of SPY, SPY at 103.10 and sold-to-open 102 Oct calls (SWGJX) at 2.64 for a net investment of 100.46. To create the position I did consecutive market orders because the spreads were low.
Did a buy-write of SPY, SPY at 103.10 and sold-to-open 102 Oct calls (SWGJX) at 2.64 for a net investment of 100.46. To create the position I did consecutive market orders because the spreads were low.
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