Please Note: We sold a covered call against our shares of EQT after class. The details are shown below along with a couple of our stock position additions. Then we discussed current market conditions. ATM straddle for projecting the standard deviation of an expiration move. Finally, we went through fundamental scanning. The risk of scanning for low p/e ratio stocks. The potential in scanning for high growth companies and how the earnings can take care of you over time.
Sold a covered call against our 100 shares in EQT.
Sold to open: EQT Oct 18th (monthly) 37.00 strike call
Credit: 0.62
The stock additions are shown below.
We took our OXY position up from 30 shares to 50 shares total.
Bought: 20 shares at 57.68
We took our NUE position up from 10 shares to 20 shares total.
Bought: 10 shares at 145.75