10/29/2010
Buy 100 shares of McDonald's (MCD) @ $77.78
Sell to open one Jan 2011 $80 call @ $1.14
Net profit: $114
Reasons for this trade:
- P/E = 17.10
- good earnings released on 10/21/2010
- Beta = 0.60
- 50 EMA and 200 EMA trending up
- $0.61/share dividend payable on 12/15/2010 (ex-div 11/29/2010)
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12/15/2010
Dividend: $0.61/share
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1/21/2011
Jan 2011 call expired. No assignment.
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2/14/2011
Sell to open June 2011 $80 call @ $0.97
Net profit: $97
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3/15/2011
Dividend: $0.61/share
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5/18/2011
Buy to close June 2011 $80 call @ $1.61
Sell to open Dec 2011 $80 call @ $4.00
This is a "spread" trade, one commission
Net profit: $239
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This options trader teaches at Lilia's Investing Academy. For more details, click here.
Showing posts with label MCD covered call. Show all posts
Showing posts with label MCD covered call. Show all posts
Friday, October 29, 2010
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