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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (30427)3/26/2008 5:42:33 PM
From: Debt Free  Read Replies (1) of 78658
 
I am in the process of trying to set up some revolving covered calls that generally expire within 3 months to generate additional income. The assumption is that the stock will get called when I initiate the position. One of my positions is GM that I initiated today. The actual trade is as follows


Bought stock                     @ 19.53
sold June 17.50 calls            @  3.95
expected profit from options        1.88
anticipated dividends               0.25  
total anticipated gain               2.13 or 11%


I currently have 3 positions and I am in the process of establishing another 4-6 in the coming weeks / months
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