Saturday, February 18, 2012

Profitable Trade: Century Link (CTL) Covered Calls

Today our CTL shares got assignws in a traditional IRA:

02/02/2012    Bought 200 CTL @36.81                                  7371.71
02/02/2012    STO 2 CTL Feb 18 2012 37 Calls @.8                 +148.47
02/16/2012    Sold 200 CTL @37                                            7378.01

We made $154.77 in 14 days which is a 2.14% return or 55.8% annual. I would have rolled this position and captured the dividend but I was too busy and couldn't get to it. Anyway, this turns out to be a profitable trade nonetheless.

1 comment: