Tuesday, November 8, 2011

Position Update

On Nov 1 we sold 6 contracts Nov 20 calls @ .40.
Nov 8, CROX @ 17.40, filled my exit order Buy to Close @ .05 cents
(Think or Swim does not charge commission to close for .05 cents or less.)
This closes my covered call position with profit of .35 x 6 contracts = $210.
Our cash balance is now $2424 and we still own 600 shares of CROX
bought @ 25.   On the next rally, we will look to sell calls again to generate
additional income. 

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