Hello Investors,
We are moving forward with some income generation on our existing positions that don’t have “covered calls” as of yet. We added the following:
Sell to open: BAC May 15th (monthly) 26.00 strike calls for +0.25 (we own 200 shares and only had 1 contract sold previously)
Sell to open: DVN May 15th (monthly) 15.00 strike calls for +0.18 (we own 200 shares and only had 1 contract sold previously)
We also closed out our UAL call butterfly for +0.66 credit for a small -0.12 loss ($12.00 total loss).
Exited the UAL May 15th (monthly) 33/39/45 call butterfly which didn’t go as planned and we can exit near a breakeven.
We have a good ’til canceled order for the following:
Sell to open: DELL June 19th (monthly) 50.00 strike calls for +0.70 (we own 200 shares and only had 1 contract sold previously)
Have a great weekend!