bought a covered call on SD(Sandridge Energy Inc. )
BOT +1 COVERED SD 100 JUN 11 7 CALL/SD @6.40
$640 is my investment.
Hoping to see some upside in Natural gas.
[3/21/11] Saw lot of upside. My thesis was right, but the choice of the strick price of the option was pretty bad. Closed the trade for profit.
2/4/11 WBT BOT +1 COVERED SD 100 JUN 11 7 CALL/SD @6.40 ISE -5 -640
3/21/2011 WBT SOLD -1 COVERED SD 100 JUN 11 7 CALL/SD @6.88 CBOE -5 688
Profit: 38
%profit: 5.9375
months held: 2
BOT +1 COVERED SD 100 JUN 11 7 CALL/SD @6.40
$640 is my investment.
Hoping to see some upside in Natural gas.
[3/21/11] Saw lot of upside. My thesis was right, but the choice of the strick price of the option was pretty bad. Closed the trade for profit.
2/4/11 WBT BOT +1 COVERED SD 100 JUN 11 7 CALL/SD @6.40 ISE -5 -640
3/21/2011 WBT SOLD -1 COVERED SD 100 JUN 11 7 CALL/SD @6.88 CBOE -5 688
Profit: 38
%profit: 5.9375
months held: 2
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