Trade I'm in today. · Investing JustJoey style

Trade I'm in today.

MSTX I bought 900 shares at 7.38

Sold 9 CC (covered calls) at 8.5 strike. Made $45/contract

Expiration date July 10th (10 days away).

I made $404 from $6,643 total in trade. That's 6% return from the option premium. I plan to hold these till expiration. When we sell options and take them till expiration, the premium is 100% guaranteed. What the price of the stock does after is not a guarantee.

So if MSTX is at or above $8.5/share by next Friday I will $1,007 plus $404 premium which is 21.2% return. This is best case scenario.

The share price can drop a fair amount but I am ok with my buy in price.

I also pulled $150 out from the last trade into my bank account and I'm pull 25% of the premium out too.

I have $1,250 more in the market and pulled out $250.

0 comments

Trade I'm in today.