Symbol: BRS
Current price: $12.80
Purchase price: $12.80
Num. shares: #200
Total cost: $2,560
Option:
Write
Option: 15th June $15.00 Call
Price per option: $1.19 (credit, you get now), total $238
Contracts: #2 x 100
Total cost: $119
*Estimated returns- BRS at $12.80 on 16th mar 2018
Entry cost: $238 (net credit)
Max. Risk: $2322 @ price of $0.20
Maximum return: $678 at a price of $15 at expiry
Break-evens at expiry: $11.60
(NOTE) Love Cypher Pattern (yellow on chart) & President/CEO bought 3,900 shares on 3/15/2018.
*If you want to learn exactly how to write covered calls and cash secured put options, please visit YouTube: Core Position Trading
Current price: $12.80
Purchase price: $12.80
Num. shares: #200
Total cost: $2,560
Option:
Write
Option: 15th June $15.00 Call
Price per option: $1.19 (credit, you get now), total $238
Contracts: #2 x 100
Total cost: $119
*Estimated returns- BRS at $12.80 on 16th mar 2018
Entry cost: $238 (net credit)
Max. Risk: $2322 @ price of $0.20
Maximum return: $678 at a price of $15 at expiry
Break-evens at expiry: $11.60
(NOTE) Love Cypher Pattern (yellow on chart) & President/CEO bought 3,900 shares on 3/15/2018.
*If you want to learn exactly how to write covered calls and cash secured put options, please visit YouTube: Core Position Trading